Slide 1: IMDEX FY25 Results Presentation
2025 Full Year IMDEX FY25 Results Presentation Results Presentation © 2025 IMDEX LIMITED
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). Forward- relationships, environmental impacts & claims, operatio
Slide 3: Our purpose as a leading global mining-tech company
Our purpose as a leading global mining-tech company is to efficiently & sustainably unlock the Earth’s value. IMDEX FY25 Results Presentation We are uniquely positioned to enable customers to find, define & mine orebodies with precision, confidence & speed. MINEPORTALTM model of copper distribution
Slide 4: IMDEX Operations Truly Global
IMDEX Operations Truly Global Company BUSI NESS UNI T S MARKET SEG MENT S 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 T echnologi es Exploration & Resource resource companies
Slide 5: Presentation Overview
Presentation Overview IMDEX FY25 Results Presentation FY25 Highlights FY25 Financial Performance Operations Acquisitive Growth Outlook & Strategy, FY26 & Beyond
Slide 6: Highlights
IMDEX FY25 Results Presentation Highlights 2025 Full Year
Slide 7: FY25 Financial Highlights
FY25 Financial $431m Group Revenue Down 3% on FY24 (down 3% on a constant currency basis) FY24 $445m Highlights Margins maintained despite lower revenue $130m EBITDA Reported Up 15% on FY24 (up 14% on a constant currency basis) FY24 $113m $126m EBITDA Normalised1 Down 3% on FY24 (down 3% on a consta
Slide 8: FY25 Financial Highlights
FY25 Financial Highlights 95% Cash Conversion Normalised2 Strong working capital discipline FY24 91% Strong cash conversion & balance sheet strength maintained $13m Net Debt3 $22m decrease in net debt, refinanced & increased debt facilities FY24 $35m 0.1x IMDEX FY25 Results Presentation Leverage Rat
Slide 9: Our Evolving Business
Our Evolving Business Establishment of dedicated business units to service growing market segments Minerals Exploration & Mining Production & Resource Definition Non-Mining Activities IMDEX Drill Site Technologies Physical Product Shaun Southwell - Sensors Integrated Field Solutions Chief, Explorati
Slide 10: Drill Site Technologies
Drill Site Technologies FY25 Strategic Share of Wallet increased to $2.20 per $100 of exploration spend from $2.10 in FY24 IMDEX Mining Technologies (IMT) revenue up 31% YoY & deployed on 30% more sites Highlights xFORM fluids launched globally OMNIxBOLT revenue up +74% YoY, leading Integrated Field
Slide 11: FY25 ESG Highlights
People Innovation FY25 ESG Highlights Maintained high safety engagement with 98% compliance in HSE training Held the inaugural ESG Innovation Event Increase in R&D investment recognising Launched updated DE&I strategy the demand for solutions to improve productivity Launched ESG training for employe
Slide 12: 2025 Full Year Financial Performance
2025 Full Year Financial Performance IMDEX FY25 Results Presentation
Slide 13: Key Metrics
Key Metrics Strong financial performance in challenging market conditions $m (unless indicated otherwise) FY25 FY24 VAR % • 29% EBITDA Normalised1 margin Revenue 431.4 445.3 (3.1%) maintained against EBITDA 130.1 112.9 15.2% challenging market EBITDA Normalised1 126.4 130.7 (3.3%) conditions EBITDA
Slide 14: Revenue Performance
Revenue Performance Solid top-line revenue performance in challenging conditions, gaining pace in Q4 • 5-year revenue CAGR of 13% against comparative S&P exploration budgets CAGR of 6% 445.3 431.4 411.4 Sensors & SaaS revenue contribution 66%, up 2% from FY24 341.8 Devico technology revenue up 27% Y
Slide 15: Revenue by Region
Revenue by Region Strongest 4Q revenue performance in IMDEX history Commentary 4Q25 v 4Q24 Americas Prior comparative period 4Q25 v 3Q25 Prior Quarter Driven mainly by strong activity in USA Uptake of next-gen products $213m 48 51 56 48 50 59 Expansion of Integrated Field 49% of Group Revenue +16% +
Slide 16: Strong EBITDA Normalised
Strong EBITDA Normalised Business model & operating discipline delivers strong margins in all market conditions • 5-years of +29% EBITDA Normalised margin 130.7 ~70% gross profit maintained 126.4 122.6 Increased higher margin sensors & SaaS revenue to 66% 104.9 Positive uptake of next generation too
Slide 17: R&D Capital Allocation
R&D Capital Allocation Focused $41m investment in R&D, driving innovation & technical leadership R&D Investment across horizons 9.7% 9.4% Capital investment in R&D 60 8.7% 7.9% 8.3% of 8-10% maintained 40.6 35.8 36.9 33.0 Horizon 1 investment reflects the next 21.0 generation of tools Capitalised R&
Slide 18: Strong Cash flow
Strong Cash flow 95% conversion rate enables investment in growth Operating Investing Financing FX $123.5m ($64m) ($64.7m) $0.6m $126.4m $22.1m ($20.9m) ($4.1m) ($47.0m) ($17.0m) ($14.3m) $47.1m $0.6m $42.5m ($34.0m) ($16.4m) IMDEX FY25 Results Presentation Normalised EBITDA NWC PPE Additions Divide
Slide 19: Robust Balance Sheet
Robust Balance Sheet Capacity to reinvest in growth $m (unless indicated otherwise) 30 JUN 2025 30 JUN 2024 Sustained a strong & Cash 42.5 47.1 resilient balance sheet Receivables 99.9 90.6 Strong free cashflow generation Inventory 59.1 63.0 Refinanced facilities for a 4-year term Fixed assets 115.8
Slide 20: CAPEX
CAPEX Investing in growth through next generation of technology & software • Strategic investments 13.3% in the next wave of 10.3% 11.0% innovation 7.5% 6.6% 10.4 Higher spend reflects investment to build next-gen technology: ACTx, OMNIx, BOLT & LOGRx 4.7 4.2 IMT investment includes production IMDEX
Slide 21: Capital Management
Capital Management Disciplined capital management optimising growth and shareholder returns Future growth opportunities Shareholder returns Surplus cash used to: h Re • Driven by strong operating cash flow • Paydown debt wt t • 30% Dividend Payout ratio at bottom of a ur o cycle ns Gr • M&A • Busine
Slide 22: Outlook: Regional Operations
IMDEX FY25 Results Presentation Outlook Regional Operations
Slide 23: Around our Regions – The Americas
Around our Regions – The Americas Strongest global growth opportunities remain USA, South America & Canada Activity remains steady with a focus on near mine projects NORTH USA market is seeing positive adoption of integrated field solutions AMERICA Positive signs to more winter drilling activity pre
Slide 24: Around our Regions – Europe & Africa
Around Our Regions – Europe & Africa Gold, copper & political policy are shaping new activity EUROPE Stable activity levels across the region, with continued focus on brownfield projects Activity in Scandinavia reduced, but offset by growth in Eastern Europe & the Balkans Outlook for increased activ
Slide 25: Around our Regions – Australia & Asia Pacific
Around Our Regions – Australia & Asia Pacific Activity lead by gold & demand for new technologies AUSTRALIA & ASIA WA gold drilling activity steady Mining production technologies strong adoption continues Healthy Integrated Field Services opportunity IMDEX FY25 Results Presentation pipeline Continue
Slide 26: Acquisitive Growth
IMDEX FY25 Results Presentation Acquisitive Growth
Slide 27: Digital Growth Platform Strategy – Building on HUB-IQ
Digital Growth Platform Strategy – Building on HUB-IQ Datarock, Earth Science Analytics (ESA) & Krux are deliberate, complementary moves building on our existing platform to deliver recurring SaaS revenue steams & margin expansion Krux: A drilling analytics platform Datarock: An orebody geotechnical
Slide 28: Krux Analytics
Krux Analytics Accelerate SaaS revenue & real-time performance optimisation Krux FY25 revenue up 86% 6.9 Why Krux Optimised drilling through real-time visibility, control & efficiency Digital layer supporting the IMDEX Managed Services offering Integrates seamlessly with IMDEX’s digital tools via it
Slide 29: Datarock
Datarock Automate Rock Knowledge with AI Datarock FY25 revenue up 63%, heading towards breakeven in FY26 Why Datarock 9.8 Enhances orebody knowledge using AI/ML to augment geological logging & analysis Accelerates data monetisation through scalable, cloud-based, sensor-to- insight workflows 6.0 Comp
Slide 30: Earth Science Analytics
Earth Science Analytics Building the Future of Minerals Intelligence with Proven Energy Tech ESA is expected to contribute ESA TOTAL REVENUE ~$4m revenue7 4.0 Why ESA 3.0 Strengthens IMDEX’s digital earth knowledge platform EarthNET enhances IMDEX’s AI capabilities in geoscience Digital revenue incr
Slide 31: Outlook & Strategy: FY26 & Beyond
Outlook & Strategy FY26 & Beyond IMDEX FY25 Results Presentation
Slide 32: Growth Opportunities FY26+
Growth Opportunities FY26+ FY26+ ambition – accelerating SaaS revenue, expanding margins & entering earth science markets Market share: powered Share of wallet: Market expansion: Market growth: Fueling by technical leadership unlocking value through geographically & earth exploration through & integ
Slide 33: Strong balance sheet & business model
Strong balance sheet & business model that consistently outperforms the market Expanding hardware & digital tech portfolio built to meet industry challenges Strong Financial Outperforming Ability To Accelerate Global Reach, Local Foundation industry growth Organic Growth Relevance ‣ Proven capabilit
Slide 34: Additional Notes & Appendices
IMDEX FY25 Results Presentation & Appendices Additional Notes
Slide 35: Significant Items
Significant Items ($m) FY25 FY24 EBITDA NPAT EBITDA NPAT Normalised EBITDA & NPAT 126.4 43.2 130.7 47.1 Gross Tax Net Gross Tax Net Exceptional litigation outcome related to the settlement of the Exceptional legal settlement legal cases with Globaltech net of 9.1 - 9.1 - - - legal & administration c
Slide 36: Our leadership team
Board of directors Anthony Wooles Sally-Anne Layman Tracey Arlaud Non-Executive Chairman Non-Executive Director Non-Executive Director Our board boasts extensive expertise in mineral exploration, mining, and technology, actively Our leadership team contributing to our strategic planning. Uwa Airhiav
Slide 37: 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 Introducing our Dr Dave Lawie Kiah Grafton accomplished executive Chief Geoscientis
Slide 38: Footnotes
Footnotes Footnotes 1 Normalised to exclude individually significant items - see Individual Significant Items on slide 36 Cash conversation normalised = Operating cashflow less cash from individual significant items/EBITDA Normalised 2 FY25 = (123.5 – 3.7)/126.4 = 95%; FY24 = (108.0 + 10.5)/130.7 =
Slide 39: Our Values
Forever curious We go beyond Our Values We are passionate about creating We believe in shaping the future of positive customer experiences that mining through the relentless pursuit deliver successful outcomes for our of technologies and services that customers now and into the future. We question t
Slide 40: Corporate Calendar Key Dates
Corporate 25 August 2025 Release of FY25 Full Year Results Calendar 25 – 29 August 2025 FY25 Roadshow 25 September 2025 FY25 Sustainability report Key Dates 16 October 2025 FY25 Annual General Meeting IMDEX FY25 Results Presentation 40
Slide 41: Thank you
IMDEX FY25 Results Presentation Thank you. CONFIDENTIAL: FOR CUSTOMER INTERNAL CONSIDERATION ONLY. This presentation has been prepared prepared by by IMDEX IMDEX LIMITED LIMITED (‘THE (the “Company”). COMPANY’).ItItcontains contains general general background background information information about