Aerometrex expects FY26 EBITDA to more than double, driven by strong MetroMap subscription growth and record revenue, signalling a pivotal step in its SaaS transition.
- FY26 EBITDA forecast raised by 117% to 132%
- MetroMap Annual Contract Value jumps 37.8% to $14.55 million
- Group revenue projected to grow 11.3% to 13%
- Free cash flow turns positive after lease payments
- Results remain preliminary and unaudited
EBITDA Set to More Than Double on MetroMap Momentum
Aerometrex Limited (ASX:AMX) has significantly upgraded its FY26 earnings guidance, anticipating EBITDA to soar by 117% to 132% to a range of $7.5 million to $8.0 million. This comes as the company reports record annual revenue growth, underpinned by the accelerating success of its flagship MetroMap subscription platform.
MetroMap Subscription Revenue and Contract Value Drive Growth
The MetroMap segment continues to be the engine of Aerometrex’s growth, with subscription revenue expected to climb between 25.4% and 28.5%, reaching $12.0 million to $12.3 million. More strikingly, the Annual Contract Value (ACV) for MetroMap surged 37.8% to $14.55 million, reflecting a substantial increase in recurring revenue and underpinning the company’s rising valuation. This strong subscription momentum builds on Aerometrex’s expanding footprint across government and industry sectors.
Stable Cash Position and Improved Free Cash Flow
Despite a slight dip in cash reserves to $3.56 million, Aerometrex forecasts a dramatic turnaround in free cash flow, projecting a swing from a negative $1.0 million in FY25 to a positive $4.0 million to $4.4 million for FY26. After accounting for lease payments, free cash flow is also expected to move into positive territory, a sign that operational efficiencies and disciplined cost management are taking hold.
Management Highlights Strong Progress Towards Growth Goals
CEO Rob Veitch emphasised the significance of the preliminary results, noting that record revenue and EBITDA gains underscore the strength of the MetroMap subscription model and the company’s cost discipline. He pointed to the substantial increase in ACV as a key indicator that Aerometrex is well positioned to sustain momentum into FY27 and beyond.
Preliminary Results Await Final Audit Confirmation
It’s important to note that these figures are unaudited and preliminary, pending the completion of the company’s year-end audit process. The final audited results will be released in line with Aerometrex’s usual reporting timetable. Investors should weigh the positive guidance against the inherent uncertainty until the audit is finalised.
Bottom Line?
Aerometrex’s FY26 guidance upgrade signals a turning point with MetroMap subscription growth driving profitability, but final audited results will be crucial to confirm this trajectory.
Questions in the middle?
- Will Aerometrex sustain MetroMap’s rapid ACV growth into FY27?
- How might the slight cash decline affect near-term operational flexibility?
- What impact will the final audit have on the preliminary EBITDA and cash flow projections?