AI-MEDIA TECHNOLOGIES LIMITED (AIM)
Share Price Analysis and Chart

02/09/2025

1

Buy

$0.80

17.65%

Ai-Media Technologies' FY25 revenue was down -2% y/y but was slightly higher than Morgans' forecast. Underlying EBITDA grew 12.2% y/y and was 4.5% ahead of the broker's forecast.

Revenue got a boost from the tech business, and the broker reckons the company is well-positioned for strong growth in FY26. Annual recurring revenue was $17m, and the company expects 17% growth in FY26 to $23m.

The re-speaker business is being discontinued and won't contribute to revenue or earnings from 2026. The broker removed it from forecasts and added implementation revenue, resulting in a -20% cut to FY26-27 EBITDA forecasts.

Buy. Target unchanged at 80c.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.20 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.60 cents.

08/09/2025

1

Buy

$1.24

82.35%

Petra Capital assesses Ai-Media Technologies' FY25 result as better than expected, with underlying EBITDA beating its forecast. Gross margin widened to 69% from 65% driven by a shift from services to technology.

Key priorities for FY26 include a broader rollout of LEXI Voice (LV) across all regions, entry into US & Canadian Government sectors and push into Enterprise marketplace.

The broker has a positive view on the company but lowered expectations for LV until there's more certainty on the ramp-up profile.

FY26 revenue forecast trimmed by -5.6% and FY27 by -8.5%.

Buy. Target cut to $1.24 from $1.35. 

FORECAST
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.10 cents.
Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 3.30 cents.