Slide 1: IMDEX 1H26 Results Presentation
2026 Half Year Results Presentation Delivering the IMDEX 1H26 Results Presentation strongest financial half in IMDEX history
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain certain ‘forward-looking statements’ to differ materially, including but not limited to retention of key business & projections provided by or on behalf of IMDEX limited (IMDEX). relationships, environmental impacts & claims, operational & exe
Slide 3: Agenda
Agenda 1H26 Overview - A record first half 4 IMDEX 1H26 Results Presentation 1H26 Financial performance 9 Regional market outlook 19 Corporate outlook & strategy 23
Slide 4: 1H26 Overview
1H26 Overview A record first half Paul House IMDEX 1H26 Results Presentation Managing Director & Chief Executive Officer
Slide 5: Our purpose as a leading mining technology and earth science company
Our purpose as a leading mining technology and earth science company is to efficiently and sustainably unlock the earth's value. IMDEX 1H26 Results Presentation We enable customers to find, define and optimise the subsurface with confidence and speed. MINEPORTALTM model of copper distribution in a C
Slide 6: 1H26 Financial highlights
1H26 Financial $247m Group revenue Up 16% on 1H25 (up 14% on a constant currency basis) 1H25 $212m highlights Record 1H performance $74m EBITDA reported In line with 1H25 (down 1% on a constant currency basis) 1H251 $73m $78m EBITDA normalised2 Up 22% on 1H25 (up 19% on a constant currency basis) 1H
Slide 7: 1H26 Financial highlights
1H26 Financial highlights 86% Cash conversion normalised1 Strong working capital discipline maintained during growth phase 1H25 96% Strong operating cashflow and cash conversion underpin free cash flow generation $27m Net debt2 $14m increase in net debt, after drawing down to fund ESA FY25 $13m 0.2x
Slide 8: 1H26 Strategic highlights
1H26 Strategic highlights Momentum across all strategic growth pillars Share of wallet: unlocking Market share: powered by Market expansion: customer value through new technical leadership and geographically and adjacent offerings integrated solutions earth science sectors • XXX • Share of wallet in
Slide 9: 1H26 Financial performance
1H26 Financial performance Linda Lim IMDEX 1H26 Results Presentation Chief Financial Officer
Slide 10: Key metrics
Key metrics 1H26 vs $m (unless indicated otherwise) 1H26 1H25 1H25 Revenue 246.6 212.0 16% Record revenue, earnings and EBITDA reported 74.1 73.1 1% cashflow combine to support EBITDA normalised1 77.9 64.0 22% ongoing investment, debt EBITDA normalised1 margin (%) 31.6 30.2 1.4% management and retur
Slide 11: Revenue performance
Revenue performance Record revenue anchored by growth in all products and in all regions • Revenue growth outperformance, ~2x faster than exploration budgets over 5 years 1 Sensors, services 2 and SaaS revenue up 20% 247 pcp, now represents 68% of Group revenue up 235 2% pcp 212 Sale of goods – flui
Slide 12: Revenue by region
Revenue by region Broad based regional gains, with record Americas and EMEA revenue 1H26 v 1H25 1H26 Commentary Americas – North, Central, South America Strong growth in USA, led by fluid engineering +20% 117 125 51% 90 104 Expanded activity across Canada Increased penetration of integrated field so
Slide 13: EBITDA normalised
EBITDA normalised Margin expansion as business model and cost discipline delivers • 5-year CAGR of 19% vs S&P exploration budgets 78 CAGR of 8%1 71 32% EBITDA normalised margin 63 64 Margin growth realised through disciplined OPEX growth IMDEX 1H26 Results Presentation Investment in business enabler
Slide 14: Focused investment in R&D, driving innovation and technical leadership
R&D Focused investment in R&D, driving innovation and technical leadership R&D investment across horizons 10% 28 9% 9% 9% 60 23 8% 8% 9.0% 8.0% Capital investment in R&D at 20 20 18 16 18 18 19 7.0% 8-10% of revenue maintained 6.0% 13 5.0% 4.0% R&D investment remains strong and 8 3.0% consistent wit
Slide 15: Capital expenditure
Capital expenditure Customer led capital investment translating directly into growth 40 15% 16% Supporting long-term structural growth 35 13% 14% Ability to deploy capital for growth 30 12% 11% 6 12% 6 throughout the exploration cycle 25 10% Higher spend in 2H25 reflects 8% 4 investment ahead of dem
Slide 16: Cash flow
Cash flow Strong free cash flow supporting growth $m Operating Investing Financing FX $65.1m ($59.4m) $1.4m ($0.3m) 77.9 (2.4) (6.6) (3.8) (31.6) 22.0 49.3 42.5 (27.8) (15.3) (0.3) (5.3) IMDEX 1H26 Results Presentation 1 2 Normalised EBITDA NWC PPE and intangibles Dividends Other Financing Closing c
Slide 17: Balance sheet
Balance sheet Capacity to invest in growth $m (unless otherwise indicated) 31 Dec 2025 30 Jun 2025 Sustained strong, resilient Cash 49 43 balance sheet Receivables 101 100 Inventory 62 59 Strong free cash flow generation Fixed assets 124 116 Higher intangibles and borrowings due to Intangibles 444 4
Slide 18: Capital Management
Capital Management Disciplined capital management optimising growth and shareholder returns Future growth opportunities Shareholder returns h Re Surplus cash used to: wt t • Driven by strong operating cash flow ur o • Paydown debt • 30% dividend payout ratio of NPAT Gr ns • M&A normalised • Business
Slide 19: Regional market outlook
Regional market outlook IMDEX 1H26 Results Presentation Paul House Managing Director & Chief Executive Officer
Slide 20: Around our regions – Americas
Around our regions –Americas Strongest global growth opportunities remain USA, South America and Canada NORTH AMERICA Extended winter drilling programs delivering on overall volume growth Exploration raisings continue to grow in the region, with majority of funds yet to be deployed USA activity rema
Slide 21: Around our regions – Europe, Middle East and Africa
Around our regions – Europe, Middle East and Africa Strong demand in gold and copper, with geopolitical policy shaping new activity in Europe EUROPE Stable activity levels across the region underpinned by steady brownfield execution Scandinavian market showing positive signals, coupled with continue
Slide 22: Around our regions – Australia and Asia Pacific
Around our regions – Australia and Asia Pacific Activity led by gold and demand for new technologies AUSTRALIA AUSTRALIA & ASIA WA gold drilling activity increase partially offset by declines in Qld and NSW & ASIA PACIFIC IMT demand continues to grow Asia’s improving market sentiment driving explora
Slide 23: Corporate outlook & strategy
IMDEX 1H26 Results Presentation & strategy Corporate outlook
Slide 24: Global industry signals
Global industry signals Key industry macro factors providing tailwinds Global Supply & demand Commodity Mergers & Exploration imbalance Capital raisings exploration prices acquisitions budgets activity • Copper supply • Gold price highs and • Improved and • Global exploration • Junior and • Recent a
Slide 25: Growth opportunities
Growth opportunities IMDEX continues to invest in opportunities that allow growth beyond minerals exploration Share of wallet Market share Market expansion Market growth R&D for new products and Maintain leadership by Expand presence in Europe, Underlying exploration services investing in next gener
Slide 26: IMDEX's technology portfolio delivering sustainable earnings growth
IMDEX’s technology portfolio delivering sustainable earnings growth Market leading • Proprietary, IP protected portfolio across sensors, drilling and analytics integrated • Integrated Field Solutions embedded in customer workflows physical-digital system • Expanding customer penetration, share of wa
Slide 27: Q&A
IMDEX 1H26 Results Presentation Q&A
Slide 28: Thank you
IMDEX Thank you
Slide 29: Appendix
IMDEX 1H26 Results Presentation Appendix
Slide 30: IMDEX operations
IMDEX operations Truly global Company BUSI NESS UNI TS MARKET SEGMENTS IMDEX sells in 100+ countries, delivers from >40 facilities globally & provides integrated solutions to 150+ drilling contra ct o rs & 500+ Minerals overview Drill Site Technologi es (DST ) Exploration Resource resource companies
Slide 31: Reconciliation – Significant items
Reconciliation – Significant items ($m) 1H26 1H25 EBITDA NPAT EBITDA NPAT Normalised EBITDA & NPAT 77.9 28.8 64.0 21.9 Gross Tax Net Gross Tax Net Integration expenses related to the acquisitions of Integration expenses ESA/Datarock/Krux. (3.8) 1.2 (2.6)1 - - - Exceptional litigation outcome related
Slide 32: Board of directors
Board of directors Anthony Wooles Sally-Anne Layman Tracey Arlaud Non-Executive Chair Non-Executive Director Non-Executive Director OIMDEX 1H26 Results Presentation Our board boasts extensive expertise in mineral exploration, mining, and technology, actively contributing to our strategic planning. U
Slide 33: Executive leadership team
Executive Paul House Shaun Southwell leadership team Managing Director & Chief – Exploration & Chief Executive Production Officer Shane Plant Dr Michelle Carey Chief Commercial Chief - Digital Earth Officer Knowledge IMDEX 1H26 Results Presentation Introducing our Dr Dave Lawie Kiah Grafton accompli
Slide 34: Corporate Calendar
Corporate Calendar 23 – 27 February 1H26 Roadshow 17 August 2026 Release of FY26 Full Year Results 17 – 21 August 2026 FY26 Roadshow Key Dates 16 October 2026 FY26 Annual General Meeting IMDEX 1H26 Results Presentation 34