Investor Update Q4 - FY25

• 37th consecutive quarter of growth in subscriptions revenue, with ARR at $11.2m
• Launched Mining-IQ data platform and signed $550k deal with Rio Tinto
• Raised $2.8m through placement and share purchase plan

Aspermont Ltd reported its Q4 FY25 investor update, highlighting several key achievements. The company delivered its 37th consecutive quarter of growth in subscriptions revenue, with Annual Recurring Revenue (ARR) reaching $11.2m. Total revenue from continuing operations grew 5% year-on-year to $4.7m, with subscriptions revenue accounting for 54% of the total. Normalised EBITDA was $0.4m, and the company ended the quarter with $2.9m in cash and cash equivalents. A significant milestone was the launch of Aspermont's new proprietary data platform, Mining-IQ.com, and the signing of a landmark $550k enterprise data contract with Rio Tinto. This validates the product-market fit and the company's path to enterprise SaaS revenues. To further strengthen its balance sheet and fund the commercialization of Mining-IQ, Aspermont completed a $1.75m placement to European institutional investors and a $1.03m share purchase plan, both at a 40% premium to the prevailing share price.The company's near-term focus is to convert the Mining-IQ proof points into recurring enterprise ARR, continue disciplined margin improvement across subscription products, and demonstrate ARR inflection while preserving runway.

Aspermont expects to continue its strong growth trajectory, with a focus on commercializing the new Mining-IQ data platform, increasing ARPU from enterprise upsells, and delivering ARR inflection. The company has provided no specific financial guidance for the upcoming period.

Aspermont is well-positioned for the next phase of growth, with a proven subscriptions business, a new data and intelligence offering, and a strengthened balance sheet. The company plans to leverage its deep sector expertise, large audience reach, and new product capabilities to drive further expansion and value creation.