Aerometrex Delivers Strong Subscription Revenue Growth in 1H25

Aerometrex Delivers Strong Subscription Revenue Growth in 1H25

Aerometrex Limited (ASX: AMX) has announced its financial results for the first half of FY25, ending 31 December 2024. The company reported significant growth in MetroMap subscription revenue, a rise in EBITDA, and a strong performance in the 3D segment, despite some challenges in the LiDAR division.

1H25 Key Financial Highlights

📈 MetroMap Subscription Growth

• Record 14.8% increase in subscription revenue, rising from $4.11M to $4.72M.
• Annual Contract Value (ACV) grew by 10.7%, reaching $9.33M.

💰 Financial Performance

• EBITDA grew 33.2%, from $0.79M to $1.05M, demonstrating operational efficiency despite a 4.2% decline in total revenue.
• Available liquidity stands at $6.94M, including $5.04M in cash and $1.9M in undrawn debt facilities.

📊 Revenue Breakdown

Operational and Strategic Highlights

🏆 Major Contract Wins

• LiDAR: Awarded a digital twin and carbon project for Agronomeye.
• 3D: Secured a contract for the Adelaide Metro Coastal Sand Monitoring Program.
• High-Resolution 3D for NBC: Created a 3D model of the Rockefeller Center for US election coverage.

🔄 Divestment of Non-Core Assets

• Sold surplus aviation and sensor assets to strengthen the balance sheet.
• Additional $0.42M in proceeds expected in 2H25.

Segment Performance Analysis

📍 MetroMap: A Strong Growth Driver

• MetroMap subscription revenue hit a record $4.72M, reinforcing its role as Aerometrex’s key scalable growth asset.
• The company continues investing in national data capture, leveraging a $34M data archive for revenue generation.

📍 LiDAR: Impacted by Project Delays

• A 27.0% revenue decline due to unexpected customer project delays.
• Strong unsecured sales pipeline, positioning for potential contract wins by 30 June 2025.

📍 3D Solutions: Rapid Growth

• 67.5% revenue increase, driven by environmental and coastal management projects.

FY25 Outlook

📌 Strategic Priorities

• Revenue Acceleration: MetroMap expansion and increased market penetration.
• Cost Optimisation: $1M in annualized cost reductions implemented since the reporting period.
• Profitability Focus: Strategic initiatives to maximize shareholder value.

📌 Industry Demand Outlook

• MetroMap, LiDAR, and 3D solutions continue to see strong market demand.
• Significant sales opportunities expected to be secured by 30 June 2025.

📌 Strategic Review Underway

• Exploring initiatives to unlock business value, increase revenue, and streamline operations.

Company Statement

📢 Aerometrex Acting CEO, Rob Veitch:
“Our record MetroMap growth and solid 1H25 EBITDA performance demonstrate the strength of our core business. The strategic review will further unlock value for our shareholders as we focus on expanding revenue, improving margins, and driving profitability.”

More Info

Investor Contact:
📧 investorrelations@aerometrex.com.au
🌍 www.aerometrex.com.au

MetroMap:
🌍 www.metromap.com.au