Introducing Intelligent Monitoring Group Limited's FY24 Expected Profit Upgrade

Intelligent Monitoring Group Limited (ASX: $IMB) has announced an expected upgrade in their FY24 underlying EBITDA profitability. Following the acquisition of ADT in August 2023, the company initially guided an expected underlying EBITDA of $29.8m, which has now been raised to between $32.0-32.5m for FY24.

Executive Commentary on FY24 Expected Profit Upgrade

The board, management, and staff have worked hard over the past three years, transforming IMG into the largest security monitoring business in Australasia. With the recent acquisitions and significant growth areas, we believe we have created a platform for a business of true significance and purpose. As we look to the future, FY25 holds promise as we navigate through various transitions and rollouts. We are optimistic about the year ahead.

Summary of FY24 Expected Profit Upgrade

Intelligent Monitoring Group Limited (ASX: $IMB) has raised its expected FY24 underlying EBITDA to between $32.0-32.5m, surpassing the initial guidance. The company's transformation into the largest security monitoring business in Australasia, coupled with recent acquisitions, positions it for significant growth. With a positive outlook for FY25, IMG aims to capitalize on technology-driven opportunities and extend its market presence.