IMDEX 1H FY25 Results Announcement
| Stock | IMDEX Ltd (IMD.ASX) |
|---|---|
| Release Time | 12 Feb 2025, 8:20 a.m. |
| Price Sensitive | Yes |
IMDEX 1H FY25 Results Announcement
- Technology Leadership: Next generation sensor revenue growth, scaled up production of IMDEX ACTx™
- Integrated Solutions: Consistent IMDEX share of exploration spend, increased clients on IMDEX HUB-IQ™
- Digital Business: Datarock SaaS revenue up 107%, Krux Analytics SaaS revenue up 46%, IOGAS™ revenue up 14%
IMDEX Limited (IMDEX or the Company) announced its half-year results for the 2025 financial year (1H25). The Company achieved half-on-half growth, secured market share gains in its core business, and gained traction in its Digital and IMT divisions. Concurrently, it maintained margins and strengthened its balance sheet. Key highlights include: Technology Leadership - Average sensor revenue per unit up 1%, supported by next generation technologies; Revenue from Devico sensors continued to grow via the IMDEX network; Scaled up production of next generation core orientation sensor IMDEX ACTx™. Integrated Solutions - IMDEX share of exploration spend consistent at ~$2.10 revenue per $100; IMDEX top 250 clients utilising >3 products, in line with the prior corresponding period; The number of clients connected to IMDEX HUB-IQ™ increased by 7%. Digital Business - IMDEX to acquire remaining 49% of Datarock, with the transaction scheduled for completion in January 2026; Datarock SaaS revenue up 107% on 1H24; Krux Analytics SaaS revenue up 46% on 1H24; IOGAS™ revenue up 14% on 1H24. IMDEX Mining Technology (IMT) - Strong activity across the IMT product suite including BHS™, BOLT™, BLASTDOG™ and MINEPORTAL™; IMT revenue increased by 72% on 1H24, with IMT solutions now deployed on over 40 sites globally.
The Company expects near-term market activity to remain steady, tempered by ongoing inflationary pressures and geopolitical tensions. The outlook for FY26 and beyond is positive, with long term industry fundamentals and short-term market drivers indicating activity is likely to improve. IMDEX continues to monitor supply and demand dynamics for key commodities, particularly copper and gold, which account for approximately 75% of all exploration activity.
IMDEX remains firmly committed to its growth strategy, focusing on delivering productivity solutions and enhanced orebody knowledge. The Company continues to drive its growth through technology leadership, integrated solutions, and expansion in its Digital and IMT businesses.