Intelligent Monitoring Group (IMB) Q3 2026 earnings summary

Executive summary

• Achieved robust transformation over the past two years, expanding technical capabilities and market coverage through acquisitions and platform upgrades.

• Business model emphasizes recurring revenue from long-term monitoring and service contracts, with customer lifetimes of 7–15 years.

• Secured pipeline of installation work reached $63.2m, up 26.9% on Q2 and 24% on Q1.

• Unaudited operating cashflow before one-off transaction costs was $7.7m for the quarter, up 14.5% year-over-year.

• Strategic acquisitions, including ADT (AU & NZ) and Tyco NZ, have strengthened operational depth and market leadership.

Financial highlights

• Quarterly cashflow from operations up 14.5% year-over-year in Q3 FY26, reaching $7.7m.

• Capex decreased 19.7% year-over-year, with the last quarter of 3G upgrade capex spend in NZ ($0.8m).

• EBITDA expected to exceed $43m for FY26, with proforma EBITDA over $53m including Tyco NZ.

• Underlying organic growth rate of 8.3% in 1H26 and 8.2% in FY25, averaging around 8% over the past 18 months.

Outlook and guidance

• FY26 guidance confirmed: underlying EBITDA of $43–47m, proforma EBITDA of $53–57m, and proforma adjusted NPAT of $26–29m.

• Proforma adjusted EPS expected between 6.2–7.0 cents, reaffirmed at greater than 6.25cps post-Tyco acquisition.

• Expectation of continued and accelerating organic growth into FY27.

• Reported FY26 results will depend on the settlement timing of the Tyco NZ acquisition.