IMD FINANCIAL STATEMENTS

IMDEX Ltd — balance sheet, income statement and cash flow trends

IMDIMDEX Ltd

🇦🇺 Australia · AU · Industrials · Farm & Heavy Construction Machinery

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2025 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue466 M A$+4.0%

Gross Profit135.9 M A$-2.5%

Operating Income74.8 M A$+16.2%

EBITDA134.3 M A$+23.9%

Net Income50.4 M A$+73.4%

Peer Comparison· Farm & Heavy Construction Machinery

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
IMD	10.4%	29.2%	28.8%	10.8%
ASTE	11.5%	26.1%	7.1%	1.7%
LNN	-7.4%	29.5%	13.6%	8.8%
ALG	2.3%	24.2%	15.2%	6.2%
TTRAK	-33.9%	12.6%	7.7%	-2.1%
BLBD	10.1%	21.0%	13.3%	8.9%
Industry median	0.8%	25.5%	13.5%	4.3%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
IMD	10.4%	29.2%	28.8%	10.8%
RWC	1.1%	37.4%	18.3%	8.3%
FRW	—	—	—	—
VGN	-5.6%	30.9%	15.8%	10.3%
EOS	-27.2%	24.2%	-23.1%	14.5%
DRO	272.4%	51.3%	2.5%	1.6%
Industry median	0.8%	25.5%	13.5%	4.3%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2025

Equity652.6 M A$74%
Current Liabilities94.2 M A$11%
Long-term Liabilities137.5 M A$16%

Key Figures

YoY change

Total Assets884.4 M A$+12.9%

Total Liabilities231.8 M A$+0.4%

Total Equity652.6 M A$+18.2%

Cash & ST Investments49.3 M A$-2.2%

Total Debt158.6 M A$+11.4%

Net Debt109.3 M A$+18.9%

Peer Comparison· Farm & Heavy Construction Machinery

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
IMD	2.55	24.3%	0.81	73.8%
ASTE	2.34	57.9%	3.03	47.5%
LNN	2.93	26.8%	-0.25	60.7%
ALG	4.32	24.8%	0.38	67.9%
TTRAK	1.08	96.9%	2.34	39.3%
BLBD	1.83	29.5%	-0.94	43.2%
Industry median	2.06	57.5%	0.97	44.0%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
IMD	2.55	24.3%	0.81	73.8%
RWC	2.59	39.6%	1.76	62.7%
FRW	0.77	—	—	35.1%
VGN	0.58	-532.7%	2.42	-8.4%
EOS	2.34	7.0%	3.03	65.2%
DRO	5.78	4.2%	-36.35	81.7%
Industry median	2.06	57.5%	0.97	44.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2025 · TTM

Key Figures

YoY change

Operating Cash Flow118.4 M A$+50.4%

Capital Expenditures55.5 M A$+172.8%

Free Cash Flow62.9 M A$+7.7%

Dividends Paid-12.9 M A$-189.2%

Peer Comparison· Farm & Heavy Construction Machinery

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
IMD	25.4%	13.5%	11.9%	234.8%
ASTE	5.6%	2.5%	3.0%	318.2%
LNN	15.1%	7.2%	7.9%	171.5%
ALG	8.6%	6.8%	1.8%	138.2%
TTRAK	12.2%	6.8%	5.5%	-588.5%
BLBD	13.8%	12.3%	1.5%	155.2%
Industry median	8.6%	5.7%	2.9%	153.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
IMD	25.4%	13.5%	11.9%	234.8%
RWC	22.1%	19.2%	2.9%	266.1%
FRW	—	—	—	—
VGN	28.9%	17.5%	11.3%	280.0%
EOS	-18.8%	-31.3%	12.4%	-130.0%
DRO	11.1%	2.1%	6.8%	683.5%
Industry median	8.6%	5.7%	2.9%	153.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 7, 26. This content is for informational purposes only and is not investment advice.