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.