Aerometrex Limited has reported record first half revenue and EBITDA for the six months ending December 2025, driven by strong MetroMap subscription growth and a rebound in LiDAR sales.
- Record 1H26 group revenue between $12.75m and $13.25m, up 10-15%
- EBITDA surged 209-257% compared to prior half
- MetroMap Annual Contract Value hits $12.29m, growing 35% annualised
- LiDAR revenue rebounds to $6.2m-$6.6m range
- Stable cash balance of $3.67m maintained for third consecutive quarter
Aerometrex’s Financial Breakthrough
Aerometrex Limited (ASX – AMX) has delivered a standout performance in the first half of fiscal 2026, posting record revenue and EBITDA figures that underscore the company’s growing momentum in geospatial technology. The preliminary unaudited results for the six months ended 31 December 2025 reveal group revenue in the range of $12.75 million to $13.25 million, marking a solid 10 to 15 percent increase over the same period last year. Even more striking is the EBITDA growth, which soared between 209 and 257 percent, surpassing the full-year EBITDA result for FY25.
MetroMap Subscription Platform Drives Growth
The surge in financial performance is largely attributed to the MetroMap subscription platform, which achieved a record Annual Contract Value (ACV) of approximately $12.29 million. This represents a 35 percent annualised growth and a 32 percent increase since December 2024. MetroMap’s expansion is not just in revenue but also in coverage, now reaching 94 percent of the population thanks to a 15 percent increase in capture areas facilitated by aviation efficiencies. Product enhancements, including the rollout of oblique imagery, elevation, and contour lines, have further strengthened MetroMap’s competitive edge and value proposition.
LiDAR Revenue Recovery and Operational Discipline
After a slower FY25, Aerometrex’s LiDAR segment has rebounded strongly, delivering revenue between $6.2 million and $6.6 million. This improvement is credited to intensified sales efforts and better utilisation of the company’s aircraft fleet, highlighted by a significant project with QGC Pty Limited, a Shell subsidiary. Alongside revenue growth, Aerometrex has maintained disciplined cost management and a stable cash balance of $3.67 million at the end of December, marking the third consecutive quarter of steady cash flow.
Looking Ahead
CEO Rob Veitch emphasised the significance of these results, noting that MetroMap has now passed breakeven and achieved $1 million in statutory subscription revenue in December alone. This milestone signals a clear inflection point towards sustained profitability. The company plans to release its audited half-year financial statements in due course, which will provide further clarity on its financial health and operational progress.
With a robust sales pipeline, ongoing product innovation, and a firm grip on cost discipline, Aerometrex appears well-positioned to capitalise on the growing demand for geospatial solutions across Australia and the USA. Investors will be watching closely to see if this momentum can be maintained and translated into full-year success.
Bottom Line?
Aerometrex’s record-breaking half sets the stage for a pivotal year as MetroMap scales profitability and LiDAR rebounds.
Questions in the middle?
- Will MetroMap’s subscription growth sustain momentum throughout FY26?
- How will Aerometrex leverage its stable cash flow to fuel further expansion?
- What impact will new product features have on customer acquisition and retention?