Highlights

  • IMDEX (ASX:IMD) has declared a fully franked final Dividend of $0.017 per share.
  • The dividend carries a 0.98% annual yield, with an ex-date of 16 September 2026.
  • FY2026 Revenue rose 21% to $520 million, while normalised EBITDA increased 29% to $163 million.
  • Acquisitions and rising platform revenue are reshaping IMDEX's growth and income profile.

IMDEX Limited (ASX:IMD) is a mining-technology company that supplies drilling optimisation products, sensors and data-and-analytics software to help resource companies find and define orebodies. The company has declared a fully franked final dividend of $0.017 per share for FY2026, with an annual Yield of 0.98%. The ex-dividend date is 16 September 2026, the Record Date is 17 September 2026 and payment is scheduled for 1 October 2026. The dividend is 100% franked.

The dividend increase accompanies a record Earnings result and a run of acquisitions that are reshaping the group. IMDEX's shift toward higher-margin, recurring software and sensor revenue is gradually changing the character of its cash flows. Investors should weigh the growing but still modest dividend against the company's simultaneous Investment in acquisitions and research, which competes with cash available for distributions.

What is driving the business?

IMDEX delivered record FY2026 results, with revenue up 21% to $520 million and normalised EBITDA up 29% to $163 million at a 31% margin. Normalised net profit after tax rose 37% to $59 million, and Earnings Per Share increased 37% to 11.5 cents.

The company completed five acquisitions during the year, including Earth Science Analytics, Datarock, Advanced Logic Technology, Mount Sopris Instruments and Krux Analytics, deepening its capabilities in AI and geoscience analytics. Platform revenue now represents 47% of group revenue, up from 33% five years ago, while Research and Development spending reached $43 million.

Why income investors may be watching

IMDEX offers exposure to the Mining cycle through technology rather than Commodity prices directly, with a rising, fully Franked Dividend attached. As recurring platform revenue grows, the earnings base may become more resilient than that of a traditional mining-services provider.

For income investors, franking credits add after-tax value, and the growing dividend signals momentum. Investors may want to watch whether the growing share of software and sensor revenue can support continued dividend growth through the resources cycle, and how quickly the recent acquisitions contribute to earnings and cash flow. A more Recurring Revenue base could, over time, make the dividend less dependent on the ups and downs of drilling activity.

Risks

IMDEX remains tied to global exploration and drilling activity, which is cyclical and sensitive to commodity prices and miners' Capital budgets. A downturn in exploration spending would weigh on revenue and, in turn, the dividend.

The company has taken on net Debt of about $199 million, or 1.3 times EBITDA, to fund its Acquisition program, and integrating five businesses in a single year carries execution risk. Investors may want to watch exploration demand, acquisition integration and the pace of platform revenue growth.

Investor takeaway

IMDEX pairs a record FY2026 result with a growing fully franked dividend, declaring a $0.017 final payment with a 0.98% annual yield. The dividend is 100% franked, with an ex-dividend date of 16 September 2026, a record date of 17 September 2026 and payment scheduled for 1 October 2026.

The income is modest but supported by a Business increasingly weighted toward software, sensors and analytics. Investors may want to watch exploration activity, the integration of recent acquisitions and net debt, rather than viewing the final payment in isolation.