How Is Aerometrex Turning SaaS Growth Into Market Momentum?

FY25 Financial Performance, A Tale of Two Segments

Aerometrex’s FY25 results reveal a company in transition, balancing strong growth in its MetroMap SaaS platform against a notable decline in its traditional LiDAR business. Operating revenue slipped 3.4% to $23.9 million, yet the company managed to lift EBITDA by nearly 20% to $3.46 million, reflecting improved operational efficiencies and a shift towards higher-margin recurring revenue.

The MetroMap subscription service continues to be the growth engine, with revenue climbing 11.5% to $9.57 million and now representing 40% of total group revenue. This growth is underpinned by a 12.8% increase in Annual Contract Value (ACV) to $10.56 million, signaling strong customer retention and expanding contract sizes. Off-the-shelf and on-demand MetroMap revenues also showed robust gains, contributing to the platform’s momentum.

Challenges in LiDAR and Opportunities in 3D

Conversely, LiDAR revenue fell 22.8% to $10.92 million, impacted by a cyclical reduction in average deal size despite a 9.1% increase in contract wins. The company remains optimistic about this segment, highlighting a recent $1.08 million contract win with QGC (Shell) and the availability of existing assets to drive future growth, especially in emerging markets like renewables and carbon farming.

Meanwhile, the Global 3D segment is emerging as a promising blue-sky opportunity, with revenue soaring 78.4% to $1.53 million. This growth is driven by high-resolution projects for government clients in Australia and the US, including urban planning and environmental monitoring. Notably, Aerometrex’s 3D models have gained visibility through high-profile projects such as the Rockefeller Plaza model showcased during the 2024 US election coverage.

Leadership and Strategic Outlook

In a significant leadership move, Robert Veitch was appointed CEO in August 2025 after serving as Acting CEO since February and previously as General Manager of MetroMap. Veitch brings three decades of experience in digital innovation and 3D technology, positioning him well to drive Aerometrex’s growth strategy focused on SaaS expansion, product enhancements, and market diversification.

Looking ahead to FY26, Aerometrex plans to accelerate MetroMap ACV growth, build program partnerships, and enhance product features to unlock new revenue streams. The company also aims to expand its LiDAR pipeline and explore new markets, while continuing to develop its Global 3D capabilities both domestically and internationally.

Financial Position and Market Implications

Despite the positive EBITDA trajectory, Aerometrex’s cash balance declined sharply by 53.3% to $3.88 million, reflecting investments and operational cash flow dynamics that warrant close monitoring. The company’s diversified product portfolio and recurring revenue model provide a solid foundation, but sustaining growth will depend on successful execution of its strategic initiatives and market conditions, particularly in the LiDAR segment.