• Revenue up 16% to $247 million
• EBITDA up 22% to $78 million, with margin expanding to 32%
• NPATA normalised up strongly, supporting dividend of 1.7 cps

IMDEX Limited ('IMDEX' or 'the Company') has delivered its strongest ever first half performance, achieving record financial, operational and technology adoption milestones for the period ended 31 December 2025 ('1H26'). The result reflects IMDEX's multi-year strategy to invest through the exploration cycle, delivering productivity-enhancing solutions that are driving stronger customer adoption in a rising exploration market. Key highlights include record revenue of $247 million, up 16% on the prior corresponding period (pcp), with EBITDA normalised up 22% to $78 million and margin expanding to 32%. NPATA normalised was also strong, reflecting the Company's operational execution. Operating cash flow normalised was $67 million, with strong cash conversion of 86%, supporting balance sheet strength and disciplined capital allocation. The Company declared a record interim fully franked dividend of 1.7 cents per share. IMDEX's record 1H26 result reflects the combined impact of its three strategic growth levers--driving demand for integrated solutions, extension of its Digital Earth Knowledge offering, and expansion into adjacent earth science markets--which together are driving increased customer adoption, higher share of wallet and operating leverage. Key operational highlights include a 22% increase in HUB-IQ connected revenue, a 47% increase in IMDEX Mining Technologies revenue, and higher sensors, services and SaaS revenue contributing 68% of Group revenue. During the half, IMDEX also advanced its product and service offerings, closing the acquisition of Earth Science Analytics (ESA) and announcing the acquisition of Advanced Logic Technology (ALT) and Mount Sopris Instruments Inc (MSI). Looking ahead, IMDEX enters 2H26 in an environment of strengthening global exploration fundamentals, with junior funding conditions remaining supportive and CY26 exploration budgets from major resource companies anticipated to increase. The Company will prioritise integration of acquisitions, advance its solution-led selling and expand the adoption of next-generation technologies across drilling optimisation, downhole instrumentation and real-time subsurface intelligence.

IMDEX expects the following for FY26: Capital Expenditure (PPE and Intangibles) of $65-$70 million, Depreciation and Amortisation of $62-$67 million (including $14-$17 million of amortisation of acquired IP and other intangibles), Finance costs of $10-$12 million, and an Effective Income Tax Rate of 32%.

IMDEX sees significant opportunities ahead, with junior capital raisings yet to be deployed, major producers anticipated to increase their exploration budgets, and global government policy prioritising critical metals which are yet to translate into material increased demand in the field. The Company is well-positioned to support increased customer demand through its integration of recent acquisitions, solution-led selling, and expansion of next-generation technology adoption.