Infomedia reports 6% profit lift amid TPG Capital buyout
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The news: Software provider Infomedia booked a full-year net profit of $22 million, up 6% year on year, after the company agreed to be acquired by asset manager TPG Capital earlier this month.
The numbers: Infomedia reported annual revenue of $146.5 million, up 4% year over year. It will pay total dividends of 4.2 cents per share.
The company has guided FY26 revenue of between $152 million and $159 million.
The context: Infomedia, which saw its shares lift 0.15% to $1.69 by midday AEST, entered an agreement with TPG earlier this month that would see all of its shares sold for $1.72 per share.
The group, which provides software-as-a-service and data-as-a-service solutions to the automotive industry, said its products "continue to attract global interest", despite a "challenging macro environment".
Infomedia agreed to acquire 50% of European AI startup Intellegam in April, and confirmed this morning that there are four AI solutions in development to be launched in the second quarter of FY26.
The source: ASX
