SA tech company nears complete map of Australian population
An Adelaide-based tech company is closing in on mapping the entire Australian population capturing solar panels and backyard pools. See some of Adelaide from the air.
Glynde-based Aerometrex is closing in on a complete map of the Australian population using its high-res geospatial mapping technology called MetroMap, as it announces record financial results.
The company, listed on the stock exchange, today announced its capture areas expanded by 15 per cent over the course of last year.
Aerometrex said MetroMap now covers 94 per cent of the Australian population, with around 8000sqkm added to the program.
The MetroMap product captures high-resolution 2D and 3D imagery of urban environments, enabling clients to access detailed information about the environment, from terrain to slopes, as well as AI-powered insights into solar panels on rooftops and pools in backgrounds.
Its technology has been used for a wide varietry of purposes, from modelling of a French city and its historic chateau to helping New South Wales authorities pinpoint individual addresses and buildings impacted by flooding.
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The firm said 56 new and extended areas were added to MetroMap in 2025, and it now remaps the Sydney metro area six times per year.
In the period, it added the Hunter Valley region to its offering to support the resources sector.
“Importantly, these increases have been achieved within the same fixed cost structure by improvements in aviation efficiency,” Aerometrex said.
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The announcement came alongside record first half revenue and earnings, with the company attributing its financial performance to a focus on adding new customers, particularly across the MetroMap subscription platform.
Revenue was up 12.3 per cent to $12.19 million, while earnings more than tripled to $3.55 million which was higher than the company’s entire full-year result for the 2025 financial year.
The MetroMap platform achieved a record take of $12.29 million, up 35 per cent on the past year.
But Aerometrex recorded another loss after tax for the period, albeit an improvement on the prior corresponding period. The firm lost $1.73 million, compared to $3.7 million the year prior.
CEO Rob Veitch said it was a “really strong result for the business across all our key financial metrics”.
“We delivered record first-half revenue and EBITDA, saw excellent growth in MetroMap ACV (annual contract value), and importantly, have now maintained a stable cash balance for three consecutive quarters,” Veitch said.
“It was pleasing to see MetroMap reach another important milestone in December, achieving over $1 million in statutory revenue in a single calendar month.
“With EBITDA continuing to grow and MetroMap ACV now past breakeven, we’re seeing a clear inflection toward sustainable profitability. We are very optimistic about the coming year.”
Shares in the company rose by 7.69 per cent in early trade today.
