FY25 Results Announcement

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Stock IMDEX Ltd (IMD.ASX)
Release Time 25 Aug 2025, 8 a.m.
Price Sensitive Yes
 IMDEX Delivers Earnings Resilience and Advances Digital Growth Strategy in FY25
Key Points
  • Achieved record fourth quarter revenue of $119 million, up 19% on the third quarter
  • Reported strong metrics of 29% EBITDA margin, 95% cash conversion, and net debt down 63% to $13 million
  • Grew high-margin, IP-protected revenue, with sensors and SaaS contributing 66% of FY25 revenue
Full Summary

IMDEX Limited ('IMDEX' or 'the Company') today announced its financial results for the year ended 30 June 2025. The result highlighted a period of earnings resilience and margin strength against a backdrop of ongoing challenging market conditions and culminated in a record fourth quarter revenue result. The ongoing benefit of the Devico acquisition and the strong progress made on the Company's digital growth strategy were highlights during the year. IMDEX operates through two complementary business units: Drill Site Technologies and the newly formed Digital Earth Knowledge. Drill Site Technologies provides high-precision downhole sensors, directional drilling tools, fluids, integrated field solutions, and IMDEX Mining Technologies solutions that generate high-quality geoscience data and deliver optimised drill site performance. Digital Earth Knowledge transforms data into actionable insights through advanced software, platforms, and AI products that enable customers to make faster, more confident decisions. The strength of the Drill Site Technologies business enables IMDEX to invest in Digital Earth Knowledge, creating a powerful integration of physical and digital technologies, streamlining workflows, enriching data quality, and unlocking value from complex geology.

Guidance

Positive market sentiment in key regions, with rising demand for near-mine and brownfields drilling. Ongoing digital adoption driving growth in connected sensors and SaaS platforms. Capital discipline and a strong balance sheet enable continued investment in innovation and M&A.

Outlook

IMDEX is well positioned to capitalise on opportunities as they emerge. Ongoing digital adoption is fueling growth in connected sensors and SaaS. The Company's commitment to capital discipline and a strong balance sheet enables continued investment in innovation and M&A. With raising sector confidence, and continued innovation, IMDEX is well placed to support customers and deliver long-term value.