Aspermont’s Q4: $11.2m ARR, $550k Rio Tinto Contract, $2.8m Capital Raise
Aspermont Limited reports a milestone $11.2 million annual recurring revenue with its new Mining-IQ platform gaining traction through a landmark Rio Tinto contract. The company also strengthens its balance sheet with a $2.8 million capital raise, setting the stage for accelerated growth.
- 37 consecutive quarters of subscription revenue growth
- $11.2 million annual recurring revenue (ARR)
- Enterprise contract with Rio Tinto valued at ~$550,000
- $2.8 million capital raised via institutional placement and share purchase plan
- Launch of proprietary Mining-IQ data platform
Steady Growth in Subscriptions
Aspermont Limited continues to demonstrate resilience and growth in its subscription revenue model, marking its 37th consecutive quarter of growth. The company reported an annual recurring revenue (ARR) of $11.2 million, reflecting an 11% compound annual growth rate. Total revenue from continuing operations rose 5% year-on-year to $4.7 million, while normalised EBITDA improved to $0.4 million, signaling improving profitability.
Mining-IQ Platform and Rio Tinto Partnership
The quarter also saw the launch of Aspermont’s proprietary data platform, Mining-IQ.com, which represents a strategic pivot towards a subscription-first data and intelligence business. A significant validation of this new direction came with the signing of an enterprise data contract with mining giant Rio Tinto, valued at approximately $550,000. This contract not only endorses the product-market fit of Mining-IQ but also opens the door for future enterprise SaaS revenue streams.
Capital Raising Strengthens Balance Sheet
To fuel further growth and product development, Aspermont successfully completed a $1.75 million institutional placement at a 40% premium to the prevailing share price, alongside a $1.03 million share purchase plan on the same terms. These capital injections have bolstered the company’s net cash position to $2.9 million, providing a solid runway to accelerate Mining-IQ’s commercialisation, complete archive digitisation, and expand high-value product offerings.
Strategic Focus and Growth Levers
Management’s near-term priorities are clear, convert Mining-IQ’s initial proof points into recurring enterprise ARR, increase average revenue per user (ARPU) through upselling, and sustain disciplined margin improvements. Aspermont’s diversified revenue model also includes events and a marketing agency, which contribute additional revenue streams and client engagement opportunities. The company’s growth strategy encompasses expanding corporate subscriptions, increasing ARPU, and broadening its market reach through new geographies and product formats.
Legacy Meets Innovation
With a 190-year media heritage, Aspermont is leveraging its deep sector expertise and audience reach to transform into a modern data and intelligence platform. The leadership team, boasting extensive industry experience, is well-aligned with shareholder interests and focused on scaling the business sustainably. The Rio Tinto deal and Mining-IQ launch mark a pivotal inflection point, positioning Aspermont to capitalize on the resurging mining capital expenditure environment and growing demand for timely, reliable, and objective industry data.
Bottom Line?
Aspermont’s Q4 results and strategic moves set the stage for a critical growth phase, with Mining-IQ’s commercial success now the key to unlocking enterprise-scale revenues.
Questions in the middle?
- How quickly will Mining-IQ convert initial enterprise deals into steady recurring revenue?
- What are the risks and timelines associated with scaling Mining-IQ’s SaaS platform?
- How will Aspermont balance margin discipline with aggressive growth ambitions?
