Half Yearly Report and Accounts

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Stock IMDEX Ltd (IMD.ASX)
Release Time 12 Feb 2025, 8:20 a.m.
Price Sensitive Yes
 IMDEX Reports Solid Half-Year Results
Key Points
  • Revenue of $212.0 million, down 10% from prior period
  • Profit after tax of $31.0 million, up 84% from prior period
  • Basic earnings per share of 6.05 cents, up from 3.31 cents
Full Summary

IMDEX Limited has reported a solid financial performance for the half-year ended 31 December 2024. The company recorded revenue of $212.0 million, down 10% from the prior corresponding period, and a profit after tax of $30.9 million, up 84% from the prior period. Basic earnings per share increased to 6.05 cents, up from 3.31 cents in the prior period. The directors have declared an interim fully franked dividend of 1.5 cents per share, payable on 20 March 2025. The company's financial position remains strong, with net tangible assets per ordinary security of 36.80 cents, up 41% from the prior period. IMDEX's managing director and CEO, Paul House, noted that the company's focus on operational efficiency and cost control has enabled it to deliver a strong profit result despite the revenue decline. The company continues to invest in research and development to support its growth strategy.

Guidance

IMDEX has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

Outlook

IMDEX's managing director and CEO, Paul House, noted that the company remains focused on operational efficiency and cost control to support its growth strategy, but no specific forward-looking statements were provided.