Imdex Enters Second Half in Strengthening Global Exploration Environment, Says Euroz Hartleys

MT Newswires Live

02/24

Imdex (ASX:IMD) is entering the second half of fiscal year 2026 in an environment of strengthening global exploration fundamentals underpinned by increased industry activity on established projects, said Euroz Hartleys in a Tuesday note.

The company reported Monday fiscal first-half normalized earnings of AU$0.056 per share, up from AU$0.043 a year earlier. Analysts polled by FactSet expected earnings of AU$0.06.

The research firm now expects a fiscal year 2026 underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$161 million on a revenue of AU$523 million.

Euroz Hartleys maintained its buy rating on Imdex and increased its price target to AU$4.38 from AU$4.05.

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