Aerometrex MetroMap ACV Hits $10.56M as EBITDA Jumps Nearly 20%
Aerometrex reported a slight dip in overall revenue for FY25 but achieved record growth in its MetroMap subscription business, driving a 19.8% rise in EBITDA. Strategic shifts and new leadership position the company for a leaner, more profitable future.
- FY25 revenue down 3.4% to $23.9 million
- MetroMap Annual Contract Value up 12.8% to $10.56 million
- MetroMap subscription revenue grows 11.5%, now 40% of group revenue
- LiDAR revenue declines 22.8% amid softer market conditions
- EBITDA rises 19.8% to $3.46 million following strategic cost reductions
Aerometrex’s FY25 Financial Snapshot
Aerometrex Limited (ASX, AMX) closed its 2025 financial year with a nuanced performance, total revenue slipped by 3.4% to $23.9 million, reflecting challenges in its LiDAR segment. Yet, beneath the surface, the company’s strategic pivot towards subscription-based services bore fruit, particularly through its flagship MetroMap product.
The MetroMap program achieved a record Annual Contract Value (ACV) of $10.56 million, marking a 12.8% increase year-on-year and underscoring its growing importance as a recurring revenue engine. Subscription revenue from MetroMap climbed 11.5% to $9.57 million, now representing 40% of Aerometrex’s total revenue, up from 34.7% the previous year.
Strategic Review and Operational Efficiencies
Amid a softer market for LiDAR services, which saw revenue fall 22.8% to $10.92 million, Aerometrex undertook a comprehensive strategic review. This initiative yielded $2 million in cost savings, smarter use of aviation assets, and a streamlined single operating model aimed at accelerating sales and focusing on recurring revenue streams.
These efforts translated into a 19.8% increase in EBITDA, rising to $3.46 million despite the revenue dip. The company’s leadership, under newly appointed CEO Robert Veitch, emphasized a leaner, faster approach to growth, with a clear focus on scaling MetroMap and improving profitability.
Partnerships and Market Positioning
Key contract renewals, such as the extension of the MetroMap agreement with Landchecker through to 2027, highlight Aerometrex’s ability to deepen partnerships and expand its indirect customer base. Additionally, the company divested non-core aviation assets to sharpen its focus on core competencies.
While LiDAR faced headwinds with smaller average deal sizes, the number of contracts won increased, suggesting Aerometrex maintained or grew its market share despite pricing pressures. The 3D visualization segment also showed robust growth, up 78.4% to $1.53 million, driven by environmental projects and international clients.
Looking Ahead to FY26
With a solid foundation laid in FY25, Aerometrex is poised for accelerated growth in FY26. The company’s focus remains on expanding MetroMap’s subscription base and capitalizing on recent LiDAR contract wins, including a significant award from QGC Pty Limited. The strategic emphasis on recurring revenue and operational efficiency sets the stage for improved scale and profitability.
Investors will be watching closely to see how Aerometrex balances growth ambitions with the challenges in its LiDAR business and how the new leadership steers the company through this pivotal phase.
Bottom Line?
Aerometrex’s FY25 results reveal a company in transition; leaner and subscription-focused; with promising growth ahead but challenges to navigate in LiDAR markets.
Questions in the middle?
- Can Aerometrex sustain MetroMap’s subscription momentum to offset LiDAR’s softness?
- How will the new CEO’s strategic initiatives impact long-term profitability and market share?
- What are the prospects for LiDAR contract sizes recovering amid ongoing pricing pressures?
