• Intelligent Monitoring Group (IMG) acquires KOBE Pty Ltd for $6.98 million upfront plus a deferred tranche
• Acquisition expected to be immediately EPS accretive, generating ~$2.5m in FY25 proforma EBITDA
• Acquisition to expand IMG's footprint in Queensland, strengthening its national commercial & enterprise security platform

Intelligent Monitoring Group Limited ('IMG' or the 'Company') has entered into a binding sale and purchase agreement to acquire all of the shares in KOBE Pty Ltd ('KOBE'). IMG will pay an initial tranche of $6.98 million cash for the Acquisition plus a second deferred tranche, currently estimated at $1.92 million, subject to customary adjustments. The Acquisition is expected to be immediately EPS accretive and is anticipated to generate FY25 proforma EBITDA of ~$2.5m, representing an EV/EBITDA acquisition multiple of 3.5x. The Acquisition, through IMG subsidiary ADT Security Group Pty Ltd, will strategically expand IMG's operating footprint in Queensland, further strengthening its national platform for the business in Commercial & Enterprise. The Acquisition will be funded from the proceeds of the successful capital raising completed in November 2024. Completion of the Acquisition is subject to various conditions in IMG's favour being satisfied and is targeted to occur this quarter.

IMG is guiding for adjusted EBITDA to be at or above $38m for FY25 (before any contribution from the recent acquisitions). KOBE is expected to contribute additional EBITDA of $2.5m on a pro-forma basis.