Aerometrex Limited has reported a robust half-year performance with record revenue growth and a dramatic increase in EBITDA, signalling strong operational momentum as it advances its SaaS transition.
- Record half-year revenue of $12.93 million, up 12.3%
- EBITDA surged 237.7% to $3.55 million, surpassing full FY25 result
- Annual Contract Value (ACV) grew 31.8% to $12.29 million
- Operating loss narrowed by 52.9% to $2.32 million
- No dividends declared; strong cash position of $3.67 million
Strong Revenue Growth and Subscription Momentum
Aerometrex Limited has delivered a standout first half for the 2026 financial year, posting record revenue of $12.93 million, a 12.3% increase compared to the same period last year. This growth was primarily driven by the company’s core subscription service, MetroMap, which saw a 21% increase in revenue, alongside a 22.5% rebound in LiDAR project income. The company’s strategic focus on scaling its recurring revenue base is clearly paying off, with subscription revenues now representing 44% of total revenue and Annual Contract Value (ACV) rising 31.8% year-on-year to $12.29 million.
Profitability and Operating Leverage Take Centre Stage
While Aerometrex reported a statutory loss after tax of $1.73 million, this marks a significant 53.2% improvement from the prior corresponding period. More notably, EBITDA surged by 237.7% to $3.55 million, exceeding the full-year EBITDA achieved in FY25. This leap underscores the operating leverage inherent in Aerometrex’s SaaS and Data-as-a-Service (DaaS) business model, where revenue growth translates efficiently into earnings improvement. The operating loss before income tax was halved, reflecting disciplined cost management alongside revenue expansion.
Product Innovation and Market Expansion
The company’s MetroMap platform has been enhanced with new features such as Oblique imagery, Elevation, and Contour lines, strengthening its competitive edge. Operational efficiencies in aviation have expanded capture areas by approximately 15%, now covering around 94% of the population. These improvements not only enhance product value but also reduce publishing times, supporting faster delivery to customers.
Financial Position and Outlook
Aerometrex closed the half with a solid cash balance of $3.67 million and access to debt facilities, maintaining a strong balance sheet despite a net current liability position largely driven by deferred revenue and lease liabilities. The company continues to invest prudently in growth initiatives while maintaining cost discipline. Directors express confidence in the company’s ability to generate positive operating cash flows and sustain its growth trajectory without the need for immediate capital raising.
Governance and Strategic Focus
The board remains focused on driving sustainable profitability, strengthening cash flows, and delivering long-term shareholder value. No dividends were declared, reflecting the company’s reinvestment strategy during this growth phase. The transition to a subscription-based SaaS model is well underway, positioning Aerometrex to capitalise on recurring revenue streams and enhanced earnings visibility.
Bottom Line?
Aerometrex’s half-year results highlight a pivotal step in its SaaS evolution, setting the stage for sustained growth and improved profitability ahead.
Questions in the middle?
- How will Aerometrex manage the net current liability position amid ongoing aviation outsourcing negotiations?
- What are the company’s plans to further accelerate MetroMap subscription growth and expand its customer base?
- Could the improved EBITDA momentum translate into a return to profitability and potential dividend payments in the near term?