Imdex Ltd (AU:IMD) has released an update.
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Imdex Ltd, a global mining-tech firm, has reported record revenues and earnings for the financial year 2024, with an 8% increase in revenue and a 12% rise in EBITDA, largely due to the successful integration of Devico technologies. Despite a contraction in exploration activities, the company has outperformed market conditions, evidenced by a 14% revenue surge from Devico products and a robust normalized EBITDA margin of 29.4%. Imdex’s strategic initiatives and resilient business model have positioned it to capitalize on the growing global demand for metals.
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