Key Highlights

  • IMDEX (ASX:IMD) traded at $3.15, up 0.64%, on Volume of 2,844,218 shares during the 26 October 2026 session.
  • 1Q27 Revenue was a record $161 million, up 31% on the prior corresponding period, with organic growth of 21%.
  • Platform revenue rose 44% to $82 million, or 51% of group revenue.

IMDEX Limited (ASX:IMD) traded at $3.15, up 0.64%, on volume of 2,844,218 shares during the Trading session on 26 October 2026. The volume was unusual, meaning at least 50% above the stock's Average Daily Volume over the last month. IMDEX is a mining-technology company that supplies cloud-connected sensors and drilling optimisation products under its AMC and REFLEX brands. Its AGM presentation and trading update are dated 16 October 2026.

AGM Presentation and Trading Update Dated 16 October 2026

IMDEX released its AGM presentation, the chairman's and managing director's scripts, and a first-quarter trading update. First-quarter FY27 revenue was a record $161 million, up 7% on the fourth quarter and 31% on the prior corresponding period, with organic revenue growth of 21%. Platform revenue increased 44% to $82 million and now represents 51% of group revenue.

The company noted revenue growth of 31% exceeded an increase of about 7% in exploration drilling activity, which it takes as evidence of customers adopting its technologies and of Market Share gains.

Growth by Lever

Platform-enabled hardware revenue increased 37%, software and platform advisory revenue rose supported by acquired capabilities, and product sales rose 25%, led by drilling fluids. Integrated on-site services remained part of the offering.

FY26 Figures in the Presentation

The presentation shows FY26 revenue of $520 million, up 21% on $431 million, normalised EBITDA of $163 million, up 29%, and normalised net profit of $59 million, up 37%. Platform revenue rose from 33% to 47% of group revenue over five years.

The presentation describes revenue growth of a 15% five-year compound annual rate and attributes normalised EBITDA growth of 29%, ahead of revenue growth, to Operating Leverage after funding growth and innovation. It splits revenue between platform revenue, which comprises connectable sensors, software and platform advisory, and equipment, sales and services revenue, which comprises fluids, instruments and services with limited digital enablement.

About IMDEX

IMDEX enables exploration-to-production operations through cloud-connected sensors and drilling optimisation, aimed at drilling contractors and resource companies worldwide.

The AGM presentation also cites industry data showing US$27 billion raised for exploration in the last 12 months against US$15 billion in the prior comparable period, and refers to Demand drivers including critical mineral Supply chains, resource security and productivity needs. The company's forward-looking statements caution that results could differ because of retention of key Business relationships, environmental claims, Research and Development risks, price and currency fluctuations and other factors.

Risks

Demand is linked to exploration and drilling activity, and the company's forward-looking statements list risks including customer retention, operational and execution risks and price and currency fluctuations.

Catalysts on Investors' Radar

Further quarterly trading updates and the progress of platform adoption are the named items.

Final Perspective

IMDEX traded on unusually high volume with a small gain on 26 October, ten days after its AGM update reported record quarterly revenue.