• Acquisition of Imenco Aqua, a leading global supplier of aquaculture technology solutions
• ~30% recurring revenue, driven by leasing model for IP-protected products
• Proprietary, patented products embedded in highly regulated fish welfare and environmental compliance frameworks

Advanced Innergy Holdings Ltd (AIH) has signed a binding agreement to acquire 100% of the issued capital in Imenco Aqua AS, a leading global supplier of essential aquaculture technology solutions, primarily to the structurally growing Atlantic salmon market. Imenco Aqua's products are differentiated from AIH's current offering and provide tangible cross-sell opportunities across their respective customer bases. The acquisition expands AIH's existing aquaculture range of products and aligns with its core expertise in delivering high-performance, IP-backed engineering solutions into regulated and technically demanding operating environments. Imenco Aqua has operations in Norway and Chile, where AIH has a limited presence, providing unique access to the global aquaculture market. The transaction is expected to be EPS accretive from completion, with Imenco Aqua generating FY25 unaudited revenue of $15.0m and unaudited underlying EBITDA of $3.0m. The acquisition will be funded from available cash reserves, with completion expected by the end of March 2026, subject to customary closing conditions.

Imenco Aqua generated FY25 (Dec Y/E) unaudited revenue of $15.0m and unaudited underlying EBITDA of $3.0m. AIH anticipates achieving both revenue and cost synergies.

The acquisition is expected to be EPS accretive from completion and is incremental to AIH's existing operations and current FY26 guidance. AIH has a comprehensive global pipeline of other bolt-on opportunities at various stages of progression and expects to provide further updates as the year progresses.