Macquarie Australia Conference Presentation - May 2026

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Stock IMDEX Ltd (IMD.ASX)
Release Time 6 May 2026, 8:15 a.m.
Price Sensitive Yes
 IMDEX Reports Record 3Q26 Revenue
Key Points
  • 3Q26 revenue up 29% year-over-year in constant currency
  • Organic revenue up 26% year-over-year in constant currency
  • Sensors, services & SaaS revenue now 70% of group revenue
Full Summary

IMDEX Limited, a leading global Mining-Tech company, reported record 3Q26 revenue, up 29% year-over-year in constant currency. The company's organic revenue grew 26% year-over-year in constant currency, while sensors, services and SaaS revenue now account for 70% of group revenue. The strong performance was driven by global momentum across all regions and business segments, including a 27% increase in sensor rental revenue, a 27% increase in Integrated Field Services revenue, and a 26% increase in IMDEX Mining Technologies revenue. The company also saw a 114% increase in digital revenue, driven by recent acquisitions. The Americas region, which includes North, Central and South America, was a standout, with revenue up 27% year-over-year. The APAC region, comprising Australia and Asia Pacific, saw a 28% increase, while the EMEA region, covering Europe, Middle East and Africa, grew 10%. The company highlighted its continued execution on its strategic priorities, including meeting rising market demand, integrating recent acquisitions, and further diversifying its revenue streams.

Guidance

IMDEX provided the following guidance for FY26: - Capital Expenditure (PPE & Intangibles): $65-$70m (FY25: $57m) - Depreciation & Amortisation: $62m-$67m (FY25: $53m) - Amortisation of acquired IP & other intangibles: $14m-$17m (FY25: $13m) - Finance costs: $12m - $14m (up from $10m - $12m in FY25) - Effective Income tax rate: 32% (FY25: 32%) - R&D: unchanged at 8-10% of revenue

Outlook

IMDEX highlighted that the global industry is shifting from stability to activation, with all traffic lights green. The company is well-positioned to benefit from the multi-year exploration upcycle, with increasing geographic and revenue diversification, supportive industry macros, and its market-leading integrated physical-digital system. The company expects to deliver sustainable earnings growth, driven by its high-quality earnings and strong cash conversion, as well as its disciplined capital allocation.