• Revenue increased by 43.1% to $80,842,000
• Loss after tax increased by 110.5% to $9,082,000
• Adjusted EBITDA lifted by $3,168,000 to $17,470,000

Intelligent Monitoring Group Limited (IMB) reported a 43.1% increase in revenue to $80,842,000 and a 110.5% increase in loss after tax to $9,082,000 for the half-year ended 31 December 2024. The increase in revenue was driven by organic growth in Australia and New Zealand, as well as contributions from acquisitions of ACG, AAG, Adeva, and DVL businesses. Adjusted EBITDA, a key performance metric, improved by $3,168,000 to $17,470,000, mainly due to margin improvements in the New Zealand and Australian ADT businesses, offset by a reduction in prior earnings from capitalization of customer service work and the 3G upgrade project. The reported EBITDA of $9,858,000 was lower than Adjusted EBITDA due to non-recurring costs related to asset write-downs, acquisitions, capital raises, refinancing, and restructuring. The Group's finance costs increased compared to the prior year due to higher borrowings, but are expected to drop materially going forward with the announced refinancing to a new National Australia Bank senior facility. Depreciation and amortization expense increased due to the finalization of the ADT customer contract intangible asset values. The net cash from operating activities improved to $1,917,000, and the directors consider that the Group will continue as a going concern.