Slide 1: IMDEX
IMDEA
Slide 2: 2025 Half Year Results Presentation
2025 Half Year Results Presentation Paul House | MD & CEO Linda Lim | CFO
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation may contain certain ‘forward-looking statements’ & projections provided by property risks, an inability to meet customer dem&, price & currency fluctuations, operating or on behalf of Imdex limited (IMDEX). Forward-looking statements can generally be iden
Slide 4: 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. We are uniquely positioned to enable customers to find, define & mine orebodies with precision, confidence & at speed. The power of MINEPORTAL is its ability to capture BLASTDOG geophysics s
Slide 5: Presentation Overview
Presentation Overview 1H25 Highlights 1H25 Financial Performance FY25 Outlook & Strategy Additional Notes & Appendices IMDEX 1H25 Results Presentation 5
Slide 6: 2025 Half Year Highlights
IMDEX” 2025 Half Year Highlights imdex.co
Slide 7: 1H25 Financial Highlights
1H25 Financial Highlights Strong operational discipline delivering half-on-half growth Group Revenue $212M Down 10% on 1H24 (down 7% on a constant currency basis) Up 1% on 2H24. 1H24 Industry market activity down 19% $235m $73M EBITDA Reported Up 28% on 1H24 (up 35% on a constant currency basis) 1H2
Slide 8: 1H25 Financial Highlights
1H25 Financial Highlights Strong cash conversion & balance sheet performance 96% Cash Conversion Normalised3 Strong working capital discipline 1H24 93% $15M Net Debt4 On track to achieve net cash in FY26 1H24 $46m 0.2x Leverage Ratio5 Robust balance sheet with capacity for acquisitive growth 1H24 0.
Slide 9: 1H25 Strategic Highlights
1H25 Strategic Highlights Market share gains within core business, increasing contributions from growth businesses Core Business Growth New Business Growth Technology Integrated Digital IMT Leadership Solutions Business Business Sensor ARPU up 1% IMDEX continued to earn Krux Analytics SaaS Strong ac
Slide 10: 1H25 ESG Highlights
1H25 ESG Highlights Strong focus on safety engagement and performance - LTIFR 1.19 & TRIFR 2.99 on a rolling 12-month basis. Zero lost time injuries during 1H25 On track to People Strong positive shift in gender diversity achieve FY25 sustainability targets Increase in R&D investment during the peri
Slide 11: 2025 Half Year Financial Performance
2025 Half Year Financial Performance
Slide 12: Key Metrics
Key Metrics Strong financial performance in a rising cost environment 30% EBITDA margin1 maintained, $m (unless indicated otherwise) 1H25 1H24 VAR % Revenue 212.0 235.3 (9.9%) EBITDA 73.1 56.9 28.5% reflects business resilience & EBITDA Normalised1 64.0 71.0 (9.9%) cost discipline EBITDA Margin %
Slide 13: Healthy Revenue Performance
Healthy Revenue Performance Delivering half-on-half growth in a market with declining exploration activity 5-year revenue CAGR of 10% v 235.3 comparative S&P exploration 212.6 210.0 212.0 spend CAGR of 5% 198.8 174.0 167.8 Higher- margin Sensors & SaaS revenue contribution 66%, up from 64% in 1H24 1
Slide 14: Revenue by Region
Revenue by Region Performance led by the Americas 1H25 v 1H24 Prior Comparative 1H25 v 2H24 1H25 Commentary Prior Half Period Americas 117.3 98.5 104.0 USA activity led the growth in the region Canadian & Mexico junior activity remained subdued 49% -11% +6% A number of South American projects down f
Slide 15: Strong Operating EBITDA
Strong Operating EBITDA Margin resilience while delivering absolute EBITDA growth 71.0 5-Year EBITDA1 CAGR of 18% 64.01 62.8 59.7 EBITDA up 7% on 2H24 59.8 Gross margin uplift with 2% increasing Sensors & SaaS product mix 53.4 51.5 30% EBITDA Margin1 due to strong cost discipline Maintained investme
Slide 16: Strong Cash Flow Conversion
Strong Cash Flow Conversion 96% conversion rate enables investment in growth initiatives Operating Investing Financing FX $70.3m ($31.3m) ($32.9m) $1.3m $9.1m $0.4m $5.5m $64.0m ($8.7m) ($17.4m) ($11.7m) ($2.2m) ($6.7m) ($14.0m) $1.3m $54.5m $47.1m ($12.2m) Opening Cash Normalised Legal NWC Other Ta
Slide 17: Robust Balance Sheet
Robust Balance Sheet Capacity to reinvest in growth $m (unless indicated otherwise) 31 DEC 2024 30 JUN 2024 Strong balance sheet positioned for M&A growth opportunities with Cash 54.5 47.1 Receivables 83.4 90.6 Inventory 68.1 63.0 low leverage at 0.2x Fixed assets 98.1 94.2 Intangibles 418.9 414.5 I
Slide 18: Outlook & Strategy FY25 & Beyond
Outlook & Strategy FY25 & Beyond
Slide 19: Industry Signals are Lining Up
Industry Signals are Lining Up Long-term fundamentals & short-term drivers are signalling increased activity in FY26 Supply Demand Commodity Mergers & Exploration Capital Global Imbalance Prices Acquisitions Budgets Raisings Activity There is a Prices remain Recent Budgets remain Junior / Sector M&A
Slide 20: Activity Look Ahead of Our Regions
Activity Look Ahead of Our Regions Steady activity throughout FY25 with improving industry sentiment NORTH Activity remains steady with a focus on near SOUTH AMERICA mine projects AMERICA Copper demand is driving activity with notable USA market is seeing positive adoption of increases in Chile and
Slide 21: Our Strategy is Unchanged
Our Strategy is Unchanged Delivering within our core business & gaining traction in our new businesses Core Business Growth New Business Growth Technology Integrated Digital IMT Leadership Solutions Business Business Targeted R&D to Focusing on optimised Building on geoscience Leveraging capabilitie
Slide 22: Growth Opportunities FY26+
Growth Opportunities FY26+ Driving our own growth strategy, with substantial headroom in the market Market Growth Upside Increased drilling activity IMDEX Growth Upside supported by: Increasing percentage of Supply demand imbalances Margin Expansion revenue from Digital Business Strengthening Growth
Slide 23: Strong Track Record as a Growth Company
Strong Track Record as a Growth Company S&P Exploration Budgets Revenue EBITDA Normalised1 ▲8% ▲68% 445.3 ▲73% 130.7 12.1 11.2 264.4 75.5 US$B $M $M CY21 CY24 FY21 FY24 FY21 FY24 Exploration expenditure remains well Highlighting the continued investment Highlighting the evolution of the below 2012 p
Slide 24: CEO quote on half-on-half growth
“ We delivered half-on-half growth, expanded market share in our core business, and gained momentum in Digital and IMT— while maintaining our margins and strengthening our balance “ sheet. This is a tremendous achievement by our global teams, particularly given challenging market conditions, and it
Slide 25: Additional Notes & Appendices
Additional Notes & Appendices
Slide 26: Significant Items
Significant Items ($m) 1H25 1H24 EBITDA NPAT EBITDA NPAT Normalised EBITDA & NPAT 64.0 21.9 71.0 28.9 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 cos
Slide 27: Footnotes & Abbreviations
Footnotes & Abbreviations Footnotes Abbreviations Normalised to exclude significant items including resolution of the Globaltech ARPU Average Revenue Per Unit 1 claims of $9.1m - see Individual Significant Items on slide 26 NPATA excludes after tax impact of intangible asset amortisation charge from
Slide 28: Our Board of Directors
Our Board of Directors Committed To Driving Sustainable Growth Anthony Paul Sally-Anne Tracey Trace Uwa Wooles House Layman Horton AO Arlaud Airhiavbere Non-Executive Chief Executive Officer Non-Executive Non-Executive Non-Executive Non-Executive Chairman & Managing Director Director Director Direct
Slide 29: Our Executive Leadership Committee
Our Executive Leadership Committee Paul House Linda Lim Michelle Carey Kiah Grafton John Hickey Managing Director & Chief Financial Officer Chief Strategy Officer Chief People Officer Chief Technology Officer Chief Executive Officer Dave Lawie Shaun Southwell Shane Plant Michael Tomasz Wayne Panther
Slide 30: Our Values
Our Values Forever We go Together We’re curious. beyond. we thrive. global game changers. We believe in shaping the future of We are passionate about creating We are a global team of diverse Our rich global experience and mining through the relentless positive customer experiences that and talented
Slide 31: Our Customer Value Proposition
Our Customer Value Proposition Originating and enriching data to deliver productivity DRILLING ROCK O P T I M I S AT I O N KNOWLEDGE PRODUCTS SENSORS Timely R E AL - T I M E D AT A AN D AN AL Y T I C S Information For Critical Decision Making QUALITY REPRESENTIVITY TIME SAVINGS Industry leading tech
Slide 32: Why IMDEX Will Continue to Deliver
Why IMDEX Will Continue to Deliver A Strong Financial Outperforming Ability To Accelerate Established Global Platform industry growth Organic Growth Client Network Strong history of EBITDA margin 5-year revenue CAGR 10% Technology leadership An unparalleled global footprint expansion 5-year EBITDA C
Slide 33: Corporate Calendar
Corporate Calendar Key Dates 12 – 19 February 2025 1H25 Roadshow 25 August 2025 Release of FY25 Full Year Results 25 – 29 August 2025 FY25 Roadshow 16 October 2025 FY25 Annual General Meeting & 1Q26 Update IMDEX 1H25 Results Presentation 33
Slide 34: Thank you.
Thank you. CONFIDENTIAL: FOR CUSTOMER INTERNAL CONSIDERATION ONLY. This presentation has been prepared by IMDEX LIMITED (‘THE COMPANY’). It contains general background information about the company’s activities & forward-looking statements based on information known to date & subject to various risk