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Imdex Continues to Build Momentum in Fiscal Q3 Despite Headwinds, Euroz Hartleys Says

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-- Imdex's (ASX:IMD) activity continued to increase in the fiscal third quarter, and overall momentum is continuing to build despite the conflict in the Middle East and foreign exchange headwinds, according to a Wednesday note from Euroz Hartleys.

Its group revenue jumped up 23% year-over-year to AU$123 million in the third quarter of fiscal year 2026 from AU$100 million in the prior-year quarter, or by 29% on a constant currency basis.

The analysts see reason for optimism in relation to their 2027 forecasts in terms of the top line data as well as in terms of margin, as higher value and integrated services are offered to a market increasingly seeking rock knowledge from data.

The increasing access to and generation of rock knowledge as proprietary data is expected to allow for the transformation of raw measurements into decision-ready solutions, with artificial intelligence as a key enabler.

The investment firm retained its buy recommendation and placed the AU$4.38 per share price target under review.

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