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Imdex Ltd
(Sydney:IMD)
Imdex Ltd (IMD) vs. iShares MSCI Australia ETF (EWA)
Imdex Ltd Business Overview & Revenue Model
Imdex Ltd Earnings Call Summary
Imdex Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 465.98M | 431.39M | 445.28M | 411.40M | 341.84M | 264.38M |
| Gross Profit | 135.85M | 312.44M | 139.67M | 136.89M | 234.54M | 180.84M |
| EBITDA | 134.34M | 129.19M | 113.06M | 99.83M | 100.40M | 76.69M |
| Net Income | 50.42M | 55.19M | 32.40M | 34.99M | 44.71M | 31.67M |
Balance Sheet | ||||||
| Total Assets | 884.38M | 830.15M | 786.14M | 806.14M | 393.61M | 366.11M |
| Cash, Cash Equivalents and Short-Term Investments | 49.31M | 42.51M | 47.13M | 58.13M | 36.37M | 58.48M |
| Total Debt | 158.62M | 100.31M | 127.65M | 161.35M | 46.82M | 50.00M |
| Total Liabilities | 231.78M | 200.79M | 214.87M | 249.94M | 96.38M | 113.06M |
| Stockholders Equity | 652.61M | 629.36M | 571.28M | 556.21M | 297.23M | 253.05M |
Cash Flow | ||||||
| Free Cash Flow | 62.89M | 66.11M | 74.54M | 55.35M | 18.05M | 29.90M |
| Operating Cash Flow | 118.40M | 123.50M | 108.05M | 82.51M | 55.72M | 57.04M |
| Investing Cash Flow | -92.11M | -64.00M | -35.90M | -346.13M | -53.04M | -28.14M |
| Financing Cash Flow | -30.42M | -64.70M | -79.39M | 285.86M | -24.72M | -8.40M |
Imdex Ltd Technical Analysis
Imdex Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.85B | 16.79 | 9.03% | 0.70% | -3.12% | 69.50% | |
67 Neutral | AU$540.49M | 7.39 | 22.89% | 2.51% | -3.08% | -16.35% | |
66 Neutral | AU$1.57B | 17.28 | 13.62% | 1.85% | 23.76% | 21.18% | |
64 Neutral | €2.50B | 8.10 | 7.79% | 3.20% | 12.18% | -73.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | AU$705.53M | 10.83 | 42.55% | 5.24% | 12.96% | 8.19% |
Imdex Ltd Corporate Events
Imdex Limited has notified the ASX of a change in director Tracey Horton’s relevant interest in the company’s securities, following an on-market purchase of additional ordinary shares held indirectly via the J & T Horton Super Fund account. The transaction increased her indirect holding from 15,000 to 20,180 shares at a price of $3.83 per share, updating the director’s disclosed equity position for investors and regulators.
The disclosure reflects routine compliance with ASX listing rules requiring timely updates on directors’ shareholdings, ensuring transparency around insider ownership levels. While the change is relatively modest in scale, it may be viewed by stakeholders as a sign of continued alignment between the director’s financial interests and the company’s performance.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.65 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex Limited has issued 1,516,838 fully paid ordinary shares to key management personnel of Devico AS, fulfilling reinvestment commitments tied to its earlier acquisition agreement. These shares, purchased on-market and allocated under time- and performance-based vesting conditions, reflect Devico executives’ agreement to reinvest about 30% of their exit proceeds into Imdex equity.
The company noted that some Devico key managers have different performance periods, with their final performance assessment and potential share vesting expected in July 2026. This staged reinvestment and vesting structure aligns Devico’s leadership with Imdex’s long-term performance and integration objectives, reinforcing management continuity and strategic commitment following the transaction.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex Ltd has withdrawn a previous filing related to the issue, conversion or payment up of unquoted securities, after determining that a different disclosure pathway was more appropriate. The cancellation of the earlier March 2, 2026 announcement, formalised in an updated notice dated March 4, 2026, suggests the company is refining its regulatory communication processes, but does not itself indicate any change in capital structure or strategy for investors.
While the original Appendix 3G concerned unquoted equity securities, the revised approach implies Imdex will address the matter through an alternative reporting mechanism within ASX rules. For stakeholders, the move appears administrative rather than operational, signalling a focus on compliance and accurate disclosure rather than substantive adjustments to the company’s financing or ownership arrangements.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex Limited has notified the market of the issue or transfer of 1,516,838 unquoted ordinary fully paid shares, effective March 2, 2026. The move reflects an adjustment in the company’s capital structure, which may influence its equity base and share distribution but comes without additional disclosed context on purpose or beneficiaries.
The notification, lodged as a new announcement with the ASX, confirms that these securities are classified as unquoted, distinguishing them from the company’s existing quoted stock. This type of issuance can be associated with incentives, acquisitions, or internal restructurings, and signals ongoing capital management activity that stakeholders may monitor for future disclosures on strategic rationale.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex reported its strongest ever first-half financial performance for FY26, driven by record revenue of $247 million and broad-based demand for its products across all regions. The company’s growth has been underpinned by market share gains, increased exploration activity on established projects and expanding application of its subsurface data technologies beyond mining.
Normalised EBITDA rose 22% to $78 million with margins improving to 32%, highlighting operating leverage and disciplined cost control despite industry-wide cost inflation and geopolitical uncertainty. Strong cash generation, an 86% normalised cash conversion rate and modest net debt of $27 million after acquisitions have left Imdex with significant balance sheet capacity, enabling further technology-focused deals and supporting a record fully franked interim dividend of 1.69 cents per share.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex Limited has released its half-year results for FY2026, covering the six months ended 31 December 2025, outlining the group’s financial performance and operating outcomes for the period. The announcement, approved by the board, signals ongoing transparency to investors and stakeholders regarding the company’s progress in its Mining-Tech operations and global drilling optimisation offerings.
While detailed figures were not included in the brief, the filing highlights that Imdex continues to report formally to the market on a half-yearly basis in line with ASX requirements. The update underscores the company’s focus on maintaining investor engagement and providing visibility into its operational performance across its international mining technology business.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex Limited has lodged its Appendix 4D and interim financial report for the half-year ended 31 December 2025 with the ASX, including the directors’ report, reviewed financial statements and the auditor’s review report and independence declaration. The interim report, which follows IFRS and has been reviewed without dispute or qualification, updates investors on the company’s half-year performance and forms part of its ongoing continuous disclosure obligations alongside prior annual reports and other market announcements.
While the detailed financial results are contained in the lodged documents, the company’s confirmation that the review report is unqualified and that the interim accounts comply with IFRS underlines the robustness of its reporting framework. The filing reinforces Imdex’s adherence to ASX Listing Rule 4.2A and the Corporations Act continuous disclosure regime, providing stakeholders with assurance over governance and the integrity of its half‑year financial information.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
IMDEX has acquired the remaining equity in Australian AI geoscience specialist Datarock Holdings for about A$31 million, taking its ownership to 100% and fully consolidating Datarock’s results from 1 February 2026. The deal embeds Datarock’s cloud-native, AI-powered geological interpretation technology as a core asset within IMDEX’s Digital Earth Knowledge ecosystem, enabling unified workflows that connect drilling, geological, geotechnical and operational data, enhancing the company’s AI capabilities, accelerating product development and extending its reach across global mining and adjacent resource markets.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
IMDEX Limited has announced that it will release its half-year 2026 financial results on 23 February 2026, accompanied by an interactive webcast for investors and stakeholders. Managing Director and CEO Paul House and Chief Financial Officer Linda Lim will present the company’s 1H26 performance, progress on its growth strategy, and outlook, followed by a Q&A session, underscoring IMDEX’s focus on transparency and engagement with the market as it executes its strategic plans.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex Limited has informed the market that 69,750 performance rights under the security code IMDAC have lapsed as of 1 January 2026 because the conditions attached to these rights were not met or became incapable of being satisfied. The cessation of these conditional securities slightly reduces the company’s potential future share dilution under its incentive arrangements, but does not involve any cash outflow or issuance of new shares, indicating a technical adjustment to its capital structure rather than a change in operating strategy.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
Imdex Limited has notified the ASX of a change in director Anthony Wooles’ indirect interest in the company’s ordinary shares, lodged via an Appendix 3Y. Wooles, through entities AEW Holdings Pty Ltd and the A & A Super Fund, has adjusted his holdings via an on-market trade at $3.51 per share, resulting in a revised total indirect holding of 1,267,310 shares under AEW Holdings and 132,690 shares under the super fund. The disclosure reflects routine compliance with ASX corporate governance requirements on director shareholdings, providing transparency to investors regarding insider equity positions and any shifts in board members’ financial exposure to the company.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.