Highlights:

• Record FY26 revenue reached $520 million, rising 21% year on year.
• Normalised EBITDA increased 29% to $163 million, with margins expanding to 31%.
• Five acquisitions and growing AI-led capabilities could provide fresh growth levers in FY27.

Record Results Put IMDEX in Focus

IMDEX Limited (ASX: IMD) has entered FY27 with strong momentum after delivering record financial results for the year ended 30 June 2026. The company’s shares were trading at AU$4.030, up AU$0.180 or 4.675%, as investors assessed the latest operational and financial update released on 17 August 2026.

IMDEX reported $520 million in revenue, representing a 21% year-on-year increase and 23% growth on a constant-currency basis. Organic growth contributed 17%, with revenue expansion exceeding the underlying global exploration market, which the company estimated grew by around 8%.

Earnings Growth Outpaces Revenue

The earnings picture was even stronger. Reported NPAT climbed 44% to $79 million, while reported EBITDA rose 38% to $179 million. Normalised EBITDA climbed 29% year on year to $163 million, while the EBITDA margin strengthened to 31%, highlighting improved operating efficiency. Normalised NPAT also advanced 37% to $59 million. Meanwhile, normalised operating cash flow reached a record $135 million, representing 83% cash conversion.

The company declared a fully franked final dividend of 1.75 cents per share, lifting the total FY26 dividend to 3.44 cents per share. The final dividend is scheduled for payment on 1 October 2026. 

Five Acquisitions Strengthen IMDEX’s Growth Platform

A key development was IMDEX’s completion of five complementary acquisitions, expanding its technology, digital and geoscience capabilities. Platform revenue accounted for 47% of group revenue, while AI-enabled geoscience and decision-support solutions are creating opportunities for recurring revenue.

FY27 Outlook Builds the Suspense

IMDEX expects exploration conditions to improve while rising productivity demands support greater adoption of technology-enabled solutions. With expanded capabilities across software, analytics, AI and drill-site technologies, the company believes it has more growth levers heading into FY27 than at any point in its history.Note- All data presented is based on information available at the time of writing.Disclaimer for Kapitales ResearchThe materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise. 

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