Intelligent Monitoring Group Ltd
ASX:IMB
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Intelligent Monitoring Group Ltd
Intelligent Monitoring Group Ltd. provides security, monitoring and risk management solutions. The company is headquartered in Perth, Western Australia. The firm operates through three segments: Monitoring, Protective services and Service. Its Monitoring segment provides security alarm and video monitoring solutions. Its Protective services segment provides security guarding and personnel services. Its Service segment provides alarm and video installation and maintenance services. The firm provides a range of business solutions which include Business Security, Security Risk Consulting, Monitored Security Systems and Security Personnel.
Intelligent Monitoring Group Ltd. provides security, monitoring and risk management solutions. The company is headquartered in Perth, Western Australia. The firm operates through three segments: Monitoring, Protective services and Service. Its Monitoring segment provides security alarm and video monitoring solutions. Its Protective services segment provides security guarding and personnel services. Its Service segment provides alarm and video installation and maintenance services. The firm provides a range of business solutions which include Business Security, Security Risk Consulting, Monitored Security Systems and Security Personnel.
Cash Flow Strength: Operating cash flow for the quarter was $17 million, described as a very strong and 'clean' result, with underlying annual operating cash flow at $32.4 million.
One-off Costs Cleared: Management emphasized that messy, one-off legacy costs from M&A, refinancing, and migrations have ceased, resulting in a clearer P&L.
Organic Growth: Like-for-like underlying earnings grew 8.2%, which management described as a conservative measure of organic growth, excluding the positive impact of acquisitions.
Capital Management: IMG announced a share buyback mechanism, providing flexibility as cash builds and signaling confidence in future cash generation.
Deferred Contracts: Two large service contracts were deferred due to customer staff changes, but management remains confident they will materialize, strengthening the outlook for FY26.
CapEx Peaking: CapEx, largely related to New Zealand's 3G system upgrades, is expected to decline, with normalized annual CapEx projected to fall to around $7–8 million post-upgrade.
Guidance Timing: Full FY26 guidance will be provided at the AGM in October, following completion of internal budgeting and planning.
