FY25 AGM Presentation, Scripts and Trading Update
| Stock | IMDEX Ltd (IMD.ASX) |
|---|---|
| Release Time | 16 Oct 2025, 1:48 p.m. |
| Price Sensitive | Yes |
IMDEX Ltd FY25 AGM Presentation, Scripts and Trading Update
- Maintained margins despite lower revenue
- Strong cash conversion and balance sheet strength
- Continued strategic execution and technology innovation
IMDEX Ltd delivered its FY25 AGM presentation, providing an overview of the company's financial performance, strategic highlights, and ESG initiatives. Despite a 3% decline in revenue compared to FY24, the company maintained its EBITDA margins at 29%. This was achieved through cost discipline and an increased contribution from higher-margin sensors, SaaS, and technology offerings. The company reported strong cash flow generation, with a 95% cash conversion rate, enabling investment in growth initiatives and a 30% payout of normalized NPAT as dividends. IMDEX's balance sheet remained robust, with a leverage ratio of 0.1x and capacity for further acquisitive growth. The company highlighted strategic progress across its business segments, including strong growth in Datarock, Krux, and IMDEX Mining Technologies. On the ESG front, IMDEX maintained high safety engagement, launched updated diversity and inclusion initiatives, and increased its R&D investment to address customer demands. Looking ahead, the company provided a positive 1Q26 trading update, with a 10% increase in revenue compared to the prior corresponding period. The outlook for FY26 is optimistic, with improving industry conditions, including increased exploration budgets, commodity prices, and M&A activity, which are expected to drive growth in IMDEX's core markets.
IMDEX expects to maintain its EBITDA margin at around 29% in FY26, supported by continued growth in higher-margin sensors, SaaS, and technology offerings.
IMDEX is well-positioned to capitalize on the improving industry conditions, with a focus on accelerating SaaS revenue, expanding margins, and diversifying into new earth science markets. The company's strategic priorities include increasing its share of wallet, expanding geographically and into new sectors, and maintaining its technical leadership through continued investment in next-generation solutions.