• Strong quarterly performance continues in a challenging market
• Industry signals are lining up, with key macros strengthening
• Growth strategy focused on technology leadership, integrated solutions, and digital business

IMDEX, a leading global Mining-Tech company, presented at the Macquarie Australia Conference 2025, highlighting its strong quarterly performance in a challenging market. Despite a 19% decline in global exploration drilling in CY24, IMDEX's revenue remained resilient, with positive signs offsetting industry headwinds. The company sees key industry macros strengthening, including a significant need to replace diminishing reserves, supportive commodity prices, increased mergers and acquisitions, and growing exploration budgets and capital raisings. IMDEX's growth strategy focuses on maintaining its technology leadership, expanding into integrated solutions, and building its digital business. The company is also leveraging its capabilities in larger adjacent markets, such as the IMDEX Mining Technologies (IMT) business, to drive additional mining production revenue. IMDEX is well-positioned to capitalize on the industry's recovery and continue its sustainable growth trajectory.

IMDEX expects to drive further gains through the year, albeit weighted to the second half, as the exploration downturn appears to have stabilized. The pace of recovery may be tempered by prolonged cost pressures, regulatory complexity, and geopolitical uncertainty, which also present opportunities for IMDEX.

IMDEX remains focused on disciplined investment, operational excellence, and its clear strategic growth initiatives, including technology leadership, integrated solutions, and digital business. The company is well-positioned to capitalize on the industry's recovery and continue its sustainable growth trajectory.