IMDEX LIMITED (IMD)
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IMD

IMD - IMDEX LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.81
Index: ASX200 | ASX300 | ALL-ORDS

Imdex is an Australian mining tech company. It manufacturers & provides drilling fluids, chemicals, mining instumentation and data & geo-analytical services. Formed in 1980, it became a listed company in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.22

26 Feb
2026

-0.020

OPEN

$4.23

-0.47%

HIGH

$4.28

1,185,110

LOW

$4.20

TARGET
$4.65 10.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . SGH . SRG . SXE . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
IMD: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 10.8 12.5 xxx
DPS (cps) xxx 2.5 3.7 xxx
EPS Growth xxx 69.5% 15.5% xxx
DPS Growth xxx - 9.6% 45.3% xxx
PE Ratio xxx N/A 34.1 xxx
Dividend Yield xxx N/A 0.9% xxx
Div Pay Ratio(%) xxx 23.5% 29.5% xxx

Dividend yield today if purchased 3 years ago: 1.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.60

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 24/09 - ex-div 1.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx10.8
DPS All xxxxxxxxxxxxxxx2.5
Sales/Revenue xxxxxxxxxxxxxxx431.4 M
Book Value Per Share xxxxxxxxxxxxxxx123.0
Net Operating Cash Flow xxxxxxxxxxxxxxx123.5 M
Net Profit Margin xxxxxxxxxxxxxxx12.79 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx9.19 %
Return on Invested Capital xxxxxxxxxxxxxxx7.96 %
Return on Assets xxxxxxxxxxxxxxx6.83 %
Return on Equity xxxxxxxxxxxxxxx9.19 %
Return on Total Capital xxxxxxxxxxxxxxx9.95 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx62.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx93 M
Total Debt xxxxxxxxxxxxxxx100 M
Goodwill - Gross xxxxxxxxxxxxxxx325 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx43 M
Price To Book Value xxxxxxxxxxxxxxx2.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx57.4 M
Capex % of Sales xxxxxxxxxxxxxxx13.30 %
Cost of Goods Sold xxxxxxxxxxxxxxx303 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx58 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

24/02/2026

1

Buy

$4.65

10.19%

After further perusal of Imdex's interim results, Citi raises its target to $4.65 from $4.20. Buy rating maintained.

A summary of the broker's initial thoughts follows.

In an early call, Citi expects shares of Imdex will rise today following the release of "solid" interim results. Global exploration fundamentals are strengthening, the analysts suggest, underpinning an upbeat outlook. 

Revenue of $247m, up 16%, and earnings (EBITDA) of $78m came in ahead of consensus expectations for $234m and $72m, respectively, explains the broker. It's thought margins of 31.6% and a rising share of wallet reflect strategy execution.

The analysts note revenue for the cloud-based drilling data platform HUB-IQ rose 22% and growth in Krux and Datarock was robust, supported by low leverage.

Krux is IMDEX’s data analytics and drilling optimisation platform and Datarock is the AI-powered geoscience platform.

Africa/Europe margins missed Citi's forecast and R&D capitalisation remains elevated.

Following an conference call with management, the analysts highlight North America as a near-term growth engine, with Canadian activity around -20% below prior peaks and poised to recover. Management expects a step-up in junior exploration in late 2026.

The 2H is viewed by the company as likely stronger than H1. Management also remains upbeat despite Australian dollar headwinds, highlights Citi.

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

03/12/2025

5

Sell

$2.90

-31.28%

Imdex will acquire Advanced Logic Technology and Mount Sopris Instruments for -$98.9m, strengthening its position in downhole rock-property sensors, Jarden explains.

Geological modeling capability will also be enhanced through Advanced Logic Technology's WellCAD, a specialised borehole data processing and visualisation software, explains the broker.

The transaction will be funded from existing cash and debt facilities and is expected to be normalised-earnings accretive in FY27, However, the analysts note updated FY26 guidance for D&A and finance costs implies downside risk to consensus earnings.

Jarden retains a Sell rating, arguing shares remain priced for perfection. The target rises to $2.90 from $2.75.

FORECAST
Jarden forecasts a full year FY26 dividend of 2.20 cents and EPS of 9.30 cents.
Jarden forecasts a full year FY27 dividend of 2.60 cents and EPS of 10.60 cents.
Access Extra Coverage Research History >

IMD STOCK CHART

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