Imdex reports resilient FY25 performance, strong 1Q26 growth

Imdex Limited confirmed all resolutions were passed by poll at its 2025 Annual General Meeting, alongside a presentation outlining strong FY25 performance and a positive 1Q26 trading update. For FY25, Imdex reported Group Revenue of $431m and Normalised EBITDA of $126m, maintaining a 29% Normalised EBITDA margin despite a slight revenue decline. Cash conversion remained strong at 95%, with net debt significantly reduced to $13m, resulting in a healthy leverage ratio of 0.1x. The company declared a full-year franked dividend of 2.5 cents per share.

Strategically, FY25 highlights included an increase in 'Share of Wallet' to $2.20 per $100 of exploration spend and significant revenue increases in IMDEX Mining Technologies and Digital Earth Knowledge products like Datarock. The company's ESG efforts progressed with 98% HSE training compliance and an updated DE&I strategy.

Momentum continued into 1Q26, with unaudited revenue reaching $123.2m, a 10% increase against the prior corresponding period and a 3% increase from 4Q25. Sensor, services, and software revenue contributed 68% of group revenue, up 3% from 4Q25, reflecting strong uptake of next-generation technologies. The Americas region continues to be a key growth driver, with South American activity at record highs. The company's strategy for FY26 and beyond focuses on accelerating SaaS revenue, expanding margins, and entering earth science markets.