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

02/09/2025

1

Buy

$0.80

-5.88%

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.

06/10/2025

1

Buy

$1.24

45.88%

Petra Capital points to the highlight of Ai-Media Technologies' AGM that the City of Rialto local government in California is the first Lexi text/voice customer.

The City of Rialto has a population of over 199k, with around 77% identifying as Hispanic/Latino, and Ai-Media has replaced the former encoder provider and integrated Lexi voice and text to offer Spanish audio and captions, removing the need for human interpreters.

The company highlighted Switzerland, with some 35-plus global organisations, as a good potential market, with its offering estimated to be able to generate cost savings of around -80% for potential customers like the UN and WHO.

A Buy rating and $1.24 target are retained.

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.