Aspermont Delivers 25% Revenue Growth and EBITDA Breakeven in Q3 FY26

Revenue Momentum and EBITDA Breakeven

Aspermont Limited (ASX:ASP) recorded a 25% increase in total revenue for Q3 FY26, climbing to A$4.5 million from A$3.6 million a year earlier. This growth was underpinned by a steady 4% rise in subscriptions and data licensing revenue to A$2.6 million, alongside a striking 73% jump in other revenues, including advertising, Nexus, and events, which reached A$1.9 million. Notably, the company achieved normalised EBITDA breakeven, improving by A$0.6 million from a loss of A$0.6 million in the prior corresponding period.

Subscription Growth and Data & Intelligence Platform Progress

Subscriptions have now grown for 40 consecutive quarters, reinforcing Aspermont’s core recurring revenue strength. The company continues to invest internally to fuel its Data & Intelligence (D&I) platform, a strategic pivot aimed at expanding its product offerings. Key milestones include the live deployment of Mining-IQ with World Risk Analytics and delivery underway for a significant Rio Tinto enterprise data contract valued at approximately A$550,000. Aspermont’s dedicated D&I leadership team has completed the foundational data infrastructure, with product betas targeted for calendar year 2026 and initial customer revenue expected in 2027.

Enterprise Pipeline and Nexus Revenue Growth

The enterprise contract pipeline remains robust, with two deals worth about A$1.5 million expected to close, though timing shifted since the June update. Additional enterprise and large subscription opportunities are in active discussions, offering potential upside beyond current guidance. Meanwhile, non-subscription revenue surged 73% year-on-year, largely driven by the Future of Mining event in Perth, which attracted its largest delegation to date with 1,200 senior mining executives, a 75% increase over last year. Advertising revenues also returned to growth for the first time in over a decade, supported by the Nexus pipeline’s campaign-driven model that remains cash-flow accretive.

Cash Flow and Balance Sheet Position

Cash receipts from customers edged up 2% quarter-on-quarter to A$4.0 million, though net operating cash flow declined slightly to a negative A$0.4 million, partly due to a A$0.2 million foreign exchange impact. Closing cash and equivalents stood at A$0.9 million, down from A$1.6 million the previous quarter. Aspermont remains debt-free and retains a liquid investment in Taiko Critical Minerals Limited (NZX:TCM), providing optionality to accelerate the D&I build if the Board chooses.

Strategic Outlook and UK Market Considerations

With the cost base resized and normalised EBITDA breakeven achieved, Aspermont’s Board anticipates sustainable operating cash generation in the second half of FY27, consistent with prior guidance. The enterprise and Nexus pipelines represent significant upside potential. Additionally, the company is exploring a potential UK market listing to tap into rising investor interest and favourable peer comparisons, though no decision has been made and any move would depend on market conditions and shareholder interests.