Aerometrex flags record FY26 result with EBITDA set to more than double
Geospatial technology firm Aerometrex (ASX: AMX) has upgraded its FY26 earnings guidance, flagging a record result with EBITDA expected to rise 117% to 132% to a range of $7.5M to $8.0M. The upgrade covers the twelve months ended 30 June 2026.
These figures are preliminary and unaudited, and remain subject to completion of the company’s normal year-end audit process. The improvement is driven by record annual revenue and continued strong growth from the company’s MetroMap subscription platform.
Group revenue is guided to come in between $26.5M and $27.0M, an increase of 11.3% to 13.0% on the prior year. If confirmed at audit, the more than doubling of EBITDA from $3.46M in FY25 signals a meaningful step-change in profitability for the business.
When big ASX news breaks, our subscribers know first
The numbers behind the upgrade
The guidance compares FY25 audited actuals against the FY26 unaudited ranges across the group’s key financial metrics.
| Metric ($M) | FY25 | FY26 Range (unaudited) | Estimated Change % |
|---|---|---|---|
| Group Revenue | 23.90 | 26.5 – 27.0 | +11.3% to 13.0% |
| MetroMap Subscription Revenue | 9.57 | 12.00 – 12.30 | +25.4% to 28.5% |
| MetroMap Annual Contract Value (ACV) | 10.56 | 14.55 | +37.8% |
| EBITDA | 3.46 | 7.50 – 8.00 | +117.0% to 131.5% |
| Cash | 3.88 | 3.56 | (8.2%) |
| Free cash flow | (1.00) | 4.00 – 4.40 | +500.0% to +540.0% |
One of the more notable movements is the swing to positive free cash flow. The company guided a shift from –$1.00M in FY25 to a positive $4.00M to $4.40M range in FY26, a turnaround of between 500% and 540%.
Cash held remains broadly stable at $3.56M, compared with $3.88M in FY25, a decline of 8.2%. Management framed this stability as evidence the business has reached a level that bodes well for future net profitability.
MetroMap: the subscription engine driving growth
MetroMap remains the primary growth driver underpinning the group result. The platform delivers subscription-based access to aerial imagery and geospatial data, and its performance has been central to the guidance upgrade.
Key MetroMap metrics from the update include:
-
Annual Contract Value (ACV): $14.55M, up 37.8% from $10.56M
-
Subscription revenue: $12.00M to $12.30M, up 25.4% to 28.5%
-
Positioned to underpin what the company described as a “significant increase in underlying value”
The rate of ACV growth is outpacing reported revenue growth. This gap can act as a leading indicator, suggesting contracted momentum building into FY27.
What is Annual Contract Value and why it matters
For investors, the 37.8% rise in ACV to $14.55M points to revenue momentum that may carry into the next financial year, supporting the company’s stated confidence in building on its FY26 performance during FY27.
The MetroMap ACV trajectory through FY26 tells the fuller story: ACV stood at $12.29M at the end of Q2, reached $13.1M by the end of Q3, and has now closed the full year at $14.55M, with government and utilities contracts providing the bulk of the incremental growth at each waypoint.
Management commentary
Rob Veitch, Managing Director & Chief Executive Officer
“Based on the preliminary and unaudited results, Aerometrex has made strong progress towards its growth goals. Record revenue and a significant increase in EBITDA reflect the strength of the MetroMap subscription model and cost discipline maintained across the business. With the increase in Annual Contract Value, Aerometrex is well placed to build on this momentum in FY27.”
The investment case and what comes next
The core thesis emerging from the guidance is straightforward: growing recurring subscription revenue combined with cost discipline is translating into expanding profitability and improved cash generation. The swing to positive free cash flow reinforces this picture.
The company noted that audited FY26 financial statements will be released in accordance with its usual reporting timetable. Until then, all figures remain preliminary and unaudited, subject to the year-end audit process.
The forward outlook can be summarised as follows:
-
Audited FY26 results to follow the company’s normal reporting timetable
-
ACV momentum of $14.55M positioning the business for continued growth into FY27
-
Positive free cash flow of $4.00M to $4.40M
Aerometrex is a geospatial technology company established in 1980. Its key products include MetroMap, LiDAR and 3D visualisation models, which serve a range of industries and customer requirements.
Don’t Miss the Next Tech Breakout on the ASX
Big News Blast delivers FREE breaking ASX tech news directly to your inbox within minutes of release, complete with in-depth analysis already done for you. Over 20,000+ subscribers are already staying ahead of the market. Click the “Free Alerts” button to start receiving alerts the moment market-moving announcements hit the ASX.