• Operating cashflow pre-non-recurring items of $7.9m for 1H2025
• Adjusted EBITDA guidance of >$38m (pre-acquisition effects) re-affirmed
• Completion of equity raise and acquisition of DVL

Intelligent Monitoring Group Ltd (ASX: IMB) has provided its Quarterly Market Activity Update for Q2 FY25. The company has reaffirmed its previously communicated FY25 earnings guidance of >$38.0m adjusted EBITDA before the impact of any acquisitions. Additionally, IMB reported strong operating cashflow pre-non-recurring items of $7.9m for 1H2025. Revenue across the business was in line with expectations for the quarter, up 3% compared to Q1 FY25, excluding the impact of the acquisition of DVL. Adjusted EBITDA improved by +20% pre-acquisitions on 1Q FY25 as the disruption from Project Funnel Web (cost out programme) abated, and Signature Security integrated into the broader business. During 1H 2025 the business experienced a number of non-recurring charges related to the final transition payments from ADT to JCI, refinancing costs, and the internal business restructuring and redundancy costs for Project Funnel Web. The company also completed an equity raise and the acquisition of DVL during the quarter. IMB's video guarding and verification services are gaining traction, with five separate break-ins detected with Police engagement and activation via the video guarding and verification platform(s) in January 2025. The company is excited by several large-scale customer security and video guarding contracts signed in December 2024 and is on track to officially launch ADT Guarding at the end of February 2025.

IMB re-affirms previously communicated FY25 earnings guidance of >$38.0m adjusted EBITDA before the impact of any acquisitions.

IMB is expecting to continue its organic growth strategy through 2H25 and deliver its adjusted EBITDA guidance of >$38m. A strong 2H will set the base for a stronger 2026. The company also has a significant acquisition pipeline that continues to grow and is in a great position to slowly and strategically work through the best opportunities.