• Maintained EBITDA margins despite lower revenue
• Strong cash conversion and balance sheet strength
• Continued growth in digital and technology-driven revenue streams

IMDEX Limited (ASX: IMD) reported its FY25 full year results, delivering a solid financial performance in challenging market conditions. Group revenue was down 3% on FY24, but the company maintained its EBITDA Normalised margin at 29%. EBITDA Reported was up 15% on FY24, and NPAT Reported was up 70%. The company maintained strong cash conversion at 95% and reduced net debt by 63% to $12.9 million. IMDEX continued to invest in R&D, with a focus on developing the next generation of tools and technologies. The company saw strong growth in its digital revenue streams, including a 63% increase in Datarock revenue and 86% growth in Krux analytics. IMDEX also completed the acquisition of Earth Science Analytics, which is expected to contribute around $4 million in revenue in FY26. The company remains focused on executing its growth strategy, with a balanced approach to capital allocation across R&D, M&A, and shareholder returns.

IMDEX expects to maintain its EBITDA Normalised margin at around 29% in FY26.

IMDEX is well-positioned to continue growing its digital and technology-driven revenue streams, supported by ongoing investment in R&D and strategic acquisitions. The company remains focused on delivering innovative solutions to its customers and creating value for shareholders.