How did Intelligent Monitoring Group (ASX:IMB) perform in H1 FY26?

Intelligent Monitoring Group delivered an underlying EBITDA of $19.2 million for the six months ending December 31, 2025, representing a 9.2% increase. This result met management's internal forecasts despite specific regional headwinds in New Zealand earlier in the period.

What is the significance of the $49.8 million installation pipeline for ASX:IMB?

The installation pipeline is a forward-looking indicator of future revenue, and it grew by 36% in Q2 compared to Q1. Reaching nearly $50 million, this backlog suggests strong demand for the company’s services heading into the second half of the fiscal year.

How healthy is the balance sheet for Intelligent Monitoring Group following these results?

The company's financial position appears stable, with underlying operating cash flow increasing 25.3% to $9.4 million. Intelligent Monitoring Group ended the half-year period with $36.2 million in cash.

What caused the recent profitability drag in the New Zealand business?

The New Zealand division experienced a slow start in winning new work between August and October 2025, which initially dampened overall group profitability. Management describes this as a localized challenge that has since reversed.

Why should investors expect a stronger performance from ASX:IMB in H2 FY26?

Historical data shows that Intelligent Monitoring Group typically follows a 43/57 EBITDA split between the first and second halves of the fiscal year. Because large commercial and government customers tend to finalise projects by the June 30 year-end, the company's earnings and cash flow are seasonally weighted toward the second half.

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Intelligent Monitoring Group books sound H1 earnings

Written by Jon CuthbertPublished Feb 20, 2026, 3:21 AMLast Updated Jul 6, 2026, 10:45 AM

Intelligent Monitoring Group (ASX:IMB) has released its H1 FY26 earnings report, painting a picture of a business gaining significant momentum despite localised regional challenges.

For the six months ended Dec. 31, 2025, the company delivered a underlying EBITDA of $19.2 million, marking a 9.2% increase that aligns with management’s internal forecasts.

The growth was spearheaded by the Australian division, which saw an 8.3% organic surge in underlying performance, excluding recent acquisition impacts.

A standout metric for the period is the group's forward-looking installation pipeline, which ballooned by 36.0% in Q2 over Q1, reaching a total of $49.8 million.

The surge in future work comes as a welcome relief following a "surprisingly slow" start in the New Zealand market between August and October.

While the NZ slowdown initially dampened profitability, the company reports that the trend has reversed, with a strong push expected through June.

Underlying operating cash flow jumped 25.3% to $9.4 million, leaving IMG with a healthy $36.2 million cash balance.

The business operates on a 43/57 EBITDA split between the first and second halves of the year.

At the time of reporting, Intelligent Monitoring Group's share price was $0.63.

Intelligent Monitoring Group books sound H1 earnings

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