Intermap Awarded Malaysian Flood Mapping Project and Issues 2026 Revenue Guidance

summarizeSummary

Intermap Technologies announced a new contract award in Malaysia, an extension for its Indonesia project, strong growth in its global insurance business, and issued initial 2026 revenue guidance of $30-35 million.

check_boxKey Events

• Malaysian Contract Awarded

  Intermap secured a project to supply high-resolution Digital Elevation Model (DEM) data for the State of Sabah as part of Malaysia's National Flood Forecasting and Warning Program.

• Indonesia Project Decision Extended

  The decision date for the next phase of the World Bank-funded Indonesian ILASPP was extended by two weeks, with the program's timing now expected to extend into 2026.

• Strong Insurance Business Growth

  The company reported rapid adoption of its AI risk agent in Europe and a $2.25 million upsell with a leading US insurance provider.

• 2026 Financial Guidance Issued

  Intermap introduced initial 2026 guidance projecting $30-35 million in revenue and a 28% EBITDA margin, reflecting a shift of previously anticipated 2025 milestones.

auto_awesomeAnalysis

This filing provides a comprehensive update on Intermap's operational progress and future financial outlook. The new Malaysian flood mapping project expands the company's footprint in Southeast Asia, building on prior successes. The significant $2.25 million upsell in the global insurance business highlights strong demand for its geospatial data and AI risk agents. While the Indonesian project decision was extended, the company maintains the program is on track. The introduction of 2026 guidance, reflecting a shift of milestones from 2025, offers investors a clear forward-looking view of expected revenue and profitability.