Slide 1: 2025 AGM Presentation and Trading Update
16 October 2025 Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 2025 AGM PRESENTATION AND TRADING UPDATE Dear Sir/Madam Please find attached a copy of the presentation, together with the Chairman’s and Managing Director’s scripts, to be delivered at the 2025
Slide 2: 2025 Annual General Meeting
2025 Annual General Meeting ANTHONY WOOLES, CHAIRMAN PAUL HOUSE, MD & CEO imdex.com
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation may contain certain ‘forward-looking statements’ & projections customer dem&, price & currency fluctuations, operating results, legislative, fiscal provided by or on behalf of IMDEX limited (IMDEX). Forward-looking statements & regulatory developments, ec
Slide 4: FY25 AGM Agenda
FY25 AGM CHAIRMAN’S ADDRESS Agenda RESOLUTIONS & VOTING CLOSE OF ANNUAL GENERAL MEETING MD & CEO ADDRESS REFRESHMENTS 3
Slide 5: Chairman's Address
Chairman’s Address. IMDEX
Slide 6: Board of directors
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 contributing to our strategic planning. Uwa Airhiavbere Tracey Horton A
Slide 7: FY25 Financial Highlights
$431m Group Revenue FY25 Financial 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 Leverage Ratio4 Robust balance sheet with ca
Slide 9: FY25 Strategic Highlights
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 10: FY25 ESG Highlights
People Innovation FY25 ESG Highlights Maintained high safety engagement with 98% compliance in HSE training Held 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 employees C
Slide 11: Resolution & Voting
Resolution & Voting 4 IMDEX
Slide 12: 2025 Annual Report
2025 Annual Report RECEIVE AND ACCEPT THE 2025 ANNUAL REPORT In accordance with ASX listing rule 4.10 the 2025 Annual Report has been distributed to all shareholders and is available for download from the company’s website. In accordance with section 205PA of the Corporations Act 2001 we invite ques
Slide 13: Meeting Close
a ” © O ey) = Meet IMDEX
Slide 14: Managing Director & Chief Executive Officer Address
Managing Director & Chief Executive Officer Address 13
Slide 15: FY25 Performance
FY25 Performance 14
Slide 16: Revenue Performance
Revenue Performance Solid top-line revenue performance in recent challenging conditions 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% YoY IMDEX Mining
Slide 17: 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 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) Normalised EBITDA NWC PPE Additions Dividends Other Financing Closing Cash
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: 1Q26 Update & Outlook
1Q26 Update & Outlook IMDEX
Slide 21: Quarterly Revenue Performance
Quarterly Revenue Performance Strong 1Q26 result, sensor-led increase from 4Q25 1Q26 up 10% against pcp and 3% on 126.1 123.2 4Q25 119.2 Sensors, services & software revenue 111.9 contribution 68%, up 3% from 4Q25 105.9 Drilling fluids and sales revenue contributed 32% of group revenue, down 3% from
Slide 22: Around our Regions – Americas & APAC
Around our Regions – Americas & APAC Strongest global growth opportunities remain USA, South America & Canada › Canadian activity has benefitted from an extended summer drilling season and an overall growth in activity volume NORTH › Positive signs indicating a potential increase in winter drilling
Slide 23: Around our Regions – Europe & Africa
Around our Regions – Europe & Africa Gold, copper & political policy continues to shape activity › Stable activity levels across the region, with continued focus on brownfield projects EUROPE › Activity in Scandinavia reduced, but offset by growth in Eastern Europe & the Balkans › Outlook for increa
Slide 24: Industry signals have changed from amber to green
Industry signals have changed from amber to green Key industry macros continue to strengthen Supply Demand Commodity Mergers & Exploration Capital Global Imbalance Prices Acquisitions Budgets Raisings Activity High commodity Typically Company Raisings are an Recent IMDEX There is a prices support a
Slide 25: Strategy FY26 & Beyond
Strategy FY26 & Beyond IMDEX
Slide 26: 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: by technical leadership & unlocking value through geographically & earth industry macros integrated soluti
Slide 27: 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 accomplished Dr Dave Lawie Kiah Grafton executive team, experts dri
Slide 28: Additional Notes & Appendices
Additional Notes & Appendices
Slide 29: 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 30: 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 31: 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 32: Chairman's Address Script: Welcome
2025 ANNUAL GENERAL MEETING, 16 OCTOBER 2025 [Slide 1 – Heading] Chairman’s Address Welcome Good morning, ladies and gentlemen – thank you for joining us today and welcome to IMDEX’s Annual General Meeting for the 2025 financial year. I advise that in accordance with the Company’s Constitution a quo
Slide 33: Script: FY25 Financial highlights
challenging market conditions is a testament to his extensive corporate skillset and experience. Paul’s executive team have all been instrumental in these efforts. To the broader IMDEX workforce – none of this would be possible without you, and your continued commitment to IMDEX is enormously apprec
Slide 34: Script: FY25 ESG highlights
Across both these business units, these results reflect strong customer engagement, and the continued evolution of IMDEX into a platform leader in mining intelligence. [Slide 9 – FY25 ESG highlights] I want to briefly highlight the progress we’ve made across our ESG focus areas. Our people remain IM
Slide 35: Script: 2025 Annual Report and Resolutions
The first item of ordinary business deals with the 2025 Annual Report. The 2025 Annual Report has been distributed to all shareholders and is also available for download from the Company’s website. There is no need to hold a vote, however I invite shareholders to ask questions of the Company’s Manag
Slide 36: Script: Resolution 3
Company is submitted to the AGM for shareholder approval on an advisory basis. The Directors unanimously recommend that shareholders vote in favour of adopting the Remuneration Report. Resolution 3, and the proxies received on Resolution 3, is set out on the screen behind me. Are there any questions
Slide 37: Script: Resolution 6 and Poll
Resolution 6, and the proxies received on Resolution 6, is set out on the screen behind me. Are there any questions or comments in regard to this resolution? [Pause] I now put Resolution 6 to the meeting on a poll. [After allowing a brief pause] Thank you. Poll Voting on the poll on the resolutions
Slide 38: Managing Director & CEO Address Script
[Slide 19 – Managing Director & Chief Executive Officers Address] Thank you Anthony and welcome everyone to IMDEX’s FY25 Annual General Meeting. I will briefly cover our FY25 performance, provide a snapshot of our first quarter results for FY26 and share our strategic focus and market outlook for th
Slide 39: Script: Balance sheet and 1Q26 Update
[Slide 24 Balance sheet] Our balance sheet remains strong and consistent with prior years, underpinned by disciplined capital management and robust cash generation. Anthony has already touched on the strength of our capital management enabling us to utilize our balance sheet. For FY25, our balance s
Slide 40: Script: Industry Outlook
In Europe, policy-led demand for critical minerals and infrastructure continues to support activity, particularly in Eastern Europe and the Balkans. While activity in Scandinavia may remain subdued in the near term, the adoption of our technologies continues to provide growth opportunities. In Afric
Slide 41: Script: Strategy closing remarks
Third, we actively expand our market access and diversify into new geographies and earth science sectors. By scaling partnerships and leveraging our global sales network, we replicate successes such as Devico’s rapid growth through the IMDEX global sales and service network which I would continue to