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2026-11-06
◂ Monitor IMD ASX

IMDEX LIMITED

Producer · Others · AU · US · NO · LU Rating locked: sign in to view v8 · imd-20261024t141024-full
Last 2026-11-06
A$3.2
1D
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1M
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YTD
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1Y
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Upside
Locked: sign in to view
Mkt cap
A$1.7B
EV
A$1.9B
Cash
A$40.8M
Debt
A$239.5M
4 newer ASX announcements not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-10-31

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

IMDEX reports a functionally broad technology and mining-services leadership team and improved FY26 revenue and statutory earnings. Relevant company context includes prior patent litigation, reported safety incidents and the Weatherford restructuring at a former employer; individual responsibility is not inferred.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Paul House

Managing Director and Chief Executive Officer

Current
Company SuccessDocumented · Medium materiality

FY26 group performance

The audited consolidated FY26 accounts show revenue of A$520.086m, up from A$431.395m, and statutory net profit of A$79.442m, up from A$55.190m. These are group outcomes during his CEO role, affected by many factors, not a personal return attribution.

Role overlaps event; causation unproven · As CEO he held group leadership during the reported outcomes; the statements do not isolate his contribution.

IMDEX FY26 annual report · Physical page 78, consolidated profit or loss
LegalIssuer Reported · Medium materiality

Patent litigation and negotiated resolution

In February 2024 IMDEX disclosed an unsuccessful challenge and appeal concerning a Globaltech patent, alongside a separate infringement claim in its subsidiary’s favour. In August 2024 the company announced a global settlement with Boart Longyear including A$10m to IMDEX and the discontinuance or final determination of proceedings. No individual wrongdoing is implied.

Role overlaps event; causation unproven · CEO during proceedings and settlement; sources do not establish personal fault.

Evidence gaps · 3
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Paul House

Managing Director and Chief Executive Officer

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports UWA Bachelor of Commerce and management/director memberships. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 26, Paul House biography)

Contributions and company outcomes

FY26 group performance

FY25–FY26 · documented · medium materiality

The audited consolidated FY26 accounts show revenue of A$520.086m, up from A$431.395m, and statutory net profit of A$79.442m, up from A$55.190m. These are group outcomes during his CEO role, affected by many factors, not a personal return attribution.

Attribution: Role overlaps event; causation unproven. As CEO he held group leadership during the reported outcomes; the statements do not isolate his contribution.

Relevance: Company delivery context for the CEO.

IMDEX FY26 annual report (Physical page 78, consolidated profit or loss)

Litigation and enforcement

Patent litigation and negotiated resolution

2022–2024 · issuer reported · medium materiality

In February 2024 IMDEX disclosed an unsuccessful challenge and appeal concerning a Globaltech patent, alongside a separate infringement claim in its subsidiary’s favour. In August 2024 the company announced a global settlement with Boart Longyear including A$10m to IMDEX and the discontinuance or final determination of proceedings. No individual wrongdoing is implied.

Attribution: Role overlaps event; causation unproven. CEO during proceedings and settlement; sources do not establish personal fault.

Relevance: Shows material legal and commercial outcomes during his tenure.

Half-year FY24 report (Page 20, note 11); Resolution of IP dispute with Boart Longyear (Page 1)

Suitability for the current role

Relevant experience for current role

2017–present · analyst inference · medium materiality

Joined as REFLEX chief in 2017, became group CEO in 2020 and managing director in 2024; the 2019 appointment release also describes prior SGS India and regional finance leadership. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 26, Paul House biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Linda Lim

Chief Financial Officer

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 4
  • The 2024 issuer notice planned a 1 January 2025 start. The original image of a later results announcement could not be checked, so any apparent later extraction discrepancy remains unverified.
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Linda Lim

Chief Financial Officer

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports Curtin Bachelor of Commerce, chartered accountant and fellow status. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 26, Linda Lim biography)

Suitability for the current role

Relevant experience for current role

2023–present · analyst inference · medium materiality

Joined IMDEX in 2023 as Global Head of Finance; previously managed Woodside’s Scarborough business unit and earlier led group financial control. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 26, Linda Lim biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • The 2024 issuer notice planned a 1 January 2025 start. The original image of a later results announcement could not be checked, so any apparent later extraction discrepancy remains unverified.

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Shaun Southwell

Chief, Exploration and Production

Current
SafetyIssuer Reported · Medium materiality

FY26 company safety reporting

The FY26 annual report says total recordable injury frequency decreased to 1.09 from 1.18 in FY25 and lost-time injury frequency was zero in FY26. This is the company’s account, and the underlying incident records were not independently reviewed.

Role overlaps event; causation unproven · The officer held a leadership position during the reported period, without evidence of personal fault or of a particular intervention.

IMDEX FY26 annual report · Physical page 18, chairman’s safety and wellbeing statement
Evidence gaps · 3
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Shaun Southwell

Chief, Exploration and Production

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports Melbourne Business School leadership programme and INSEAD advanced management course. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 27, Shaun Southwell biography)

Industrial safety

FY26 company safety reporting

FY25–FY26 · issuer reported · medium materiality

The FY26 annual report says total recordable injury frequency decreased to 1.09 from 1.18 in FY25 and lost-time injury frequency was zero in FY26. This is the company’s account, and the underlying incident records were not independently reviewed.

Attribution: Role overlaps event; causation unproven. The officer held a leadership position during the reported period, without evidence of personal fault or of a particular intervention.

Relevance: Safety and operating oversight are relevant to the team.

IMDEX FY26 annual report (Physical page 18, chairman’s safety and wellbeing statement)

Suitability for the current role

Relevant experience for current role

2018–present · analyst inference · medium materiality

Joined as Asia Pacific VP and supply-chain manager in 2018, became COO in 2020 and chief of exploration and production in 2025; previously held senior leadership with SGS Gearhart United. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 27, Shaun Southwell biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Shane Plant

Chief Commercial Officer

Current
FailureDocumented · Medium materiality

Prior Weatherford restructuring

IMDEX reports Plant previously served as a Weatherford global commercial director. A secondary profile places a Weatherford Australia role in 2019–20. Weatherford International filed Chapter 11 in July 2019 and emerged in December 2019; precise overlap and his responsibilities for the restructuring are not independently established.

Employer context; no individual link established · Company restructuring does not establish individual responsibility; the specific subsidiary and tenure overlap require corroboration.

IMDEX 2024 annual report · Page 31, Plant biography
Weatherford annual report, emergence from bankruptcy · Note 1, emergence from bankruptcy
Evidence gaps · 4
  • The specific Weatherford role dates and responsibilities during 2019 restructuring remain unverified independently.
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Shane Plant

Chief Commercial Officer

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports BSc Management and Finance, Technological University Dublin. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 27, Shane Plant biography)

Business failures and setbacks

Prior Weatherford restructuring

2019 · documented · medium materiality

IMDEX reports Plant previously served as a Weatherford global commercial director. A secondary profile places a Weatherford Australia role in 2019–20. Weatherford International filed Chapter 11 in July 2019 and emerged in December 2019; precise overlap and his responsibilities for the restructuring are not independently established.

Attribution: Employer context; no individual link established. Company restructuring does not establish individual responsibility; the specific subsidiary and tenure overlap require corroboration.

Relevance: A material prior-employer business outcome.

IMDEX 2024 annual report (Page 31, Plant biography); Shane Plant executive work history (Experience history); Weatherford annual report, emergence from bankruptcy (Note 1, emergence from bankruptcy)

Suitability for the current role

Relevant experience for current role

2021–present · analyst inference · medium materiality

Joined as Global Commercial Manager in 2021, becoming CCO in 2023; IMDEX reports six years as Weatherford International Global Commercial Director. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 27, Shane Plant biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • The specific Weatherford role dates and responsibilities during 2019 restructuring remain unverified independently.

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Michelle Carey

Chief, Digital Earth Knowledge

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Michelle Carey

Chief, Digital Earth Knowledge

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports PhD in geochemistry from Monash University. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 27, Michelle Carey biography)

Suitability for the current role

Relevant experience for current role

2012–present · analyst inference · medium materiality

Joined following IMDEX’s ioGlobal acquisition in 2012; served in product development and strategy before becoming chief of Digital Earth Knowledge in 2025. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 27, Michelle Carey biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Dave Lawie

Chief Geoscientist

Current
Personal SuccessDocumented · Medium materiality

Peer-group innovation award

AusIMM and Austmine reported that Lawie received the 2026 Champion of Innovation Award. The industry organisers described his ioGlobal and subsequent geoscience-technology work; the award is peer recognition, not proof of a quantified economic result.

Individual involvement documented · The award was made to this person by the industry organisers.

GRX Industry Awards winners · Champion of Innovation Award, winner and citation
Evidence gaps · 3
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Dave Lawie

Chief Geoscientist

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports PhD in geosciences and analytics from University of New England. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 28, Dave Lawie biography)

Personal achievements

Peer-group innovation award

May 2026 · documented · medium materiality

AusIMM and Austmine reported that Lawie received the 2026 Champion of Innovation Award. The industry organisers described his ioGlobal and subsequent geoscience-technology work; the award is peer recognition, not proof of a quantified economic result.

Attribution: Individual involvement documented. The award was made to this person by the industry organisers.

Relevance: Provides independent recognition relevant to the chief geoscientist role.

GRX Industry Awards winners (Champion of Innovation Award, winner and citation)

Suitability for the current role

Relevant experience for current role

2012–present · analyst inference · medium materiality

Joined as chief geoscientist after the acquisition of ioGlobal, which he co-founded; past exploration geochemistry and research roles are described in IMDEX’s FY24 report. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 28, Dave Lawie biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Kiah Grafton

Chief People, Communications and Sustainability Officer

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Kiah Grafton

Chief People, Communications and Sustainability Officer

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports Edith Cowan University Bachelor of Business in HR and management; executive courses. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 28, Kiah Grafton biography)

Industrial safety

FY26 company safety reporting

FY25–FY26 · issuer reported · medium materiality

The FY26 annual report says total recordable injury frequency decreased to 1.09 from 1.18 in FY25 and lost-time injury frequency was zero in FY26. This is the company’s account, and the underlying incident records were not independently reviewed.

Attribution: Role overlaps event; causation unproven. The officer held a leadership position during the reported period, without evidence of personal fault or of a particular intervention.

Relevance: Safety and operating oversight are relevant to the team.

IMDEX FY26 annual report (Physical page 18, chairman’s safety and wellbeing statement)

Suitability for the current role

Relevant experience for current role

2017–present · analyst inference · medium materiality

Joined as Asia Pacific HR manager in 2017, becoming Chief of People in 2021; leads people, communications and sustainability. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 28, Kiah Grafton biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Michael Tomasz

Chief Legal Officer and Company Secretary

Current
LegalIssuer Reported · Medium materiality

Patent dispute resolved

IMDEX’s February 2024 half-year report recorded an unsuccessful challenge and appeal on a Globaltech patent and a separate claim in its subsidiary’s favour. The August 2024 release announced a settlement with Boart Longyear including A$10m to IMDEX and resolution of proceedings. These corporate matters do not establish individual misconduct.

Role overlaps event; causation unproven · Chief legal officer during the litigation; neither source establishes personal fault or identifies his personal contribution.

Evidence gaps · 3
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Michael Tomasz

Chief Legal Officer and Company Secretary

Career chronology

Education and qualifications

Reported education and professional training

At FY26 reporting · issuer reported · low materiality

The issuer reports NSW and England/Wales legal admissions, Curtin MBA, Murdoch LLB and UWA geology degree. These credentials and current membership status were not independently checked.

Attribution: Responsibility not applicable. Issuer biography; not independently verified.

Relevance: Shows reported training relevant to the role.

IMDEX FY26 annual report (Physical page 29, Michael Tomasz biography)

Litigation and enforcement

Patent dispute resolved

2022–2024 · issuer reported · medium materiality

IMDEX’s February 2024 half-year report recorded an unsuccessful challenge and appeal on a Globaltech patent and a separate claim in its subsidiary’s favour. The August 2024 release announced a settlement with Boart Longyear including A$10m to IMDEX and resolution of proceedings. These corporate matters do not establish individual misconduct.

Attribution: Role overlaps event; causation unproven. Chief legal officer during the litigation; neither source establishes personal fault or identifies his personal contribution.

Relevance: Relevant to legal and intellectual-property oversight.

Half-year FY24 report (Page 20, note 11); Resolution of IP dispute with Boart Longyear (Page 1)

Suitability for the current role

Relevant experience for current role

2021–present · analyst inference · medium materiality

Joined IMDEX in 2021 as legal leader and is company secretary; the issuer lists past roles at Rio Tinto, Baker Hughes and JLL. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

IMDEX FY26 annual report (Physical page 29, Michael Tomasz biography); 2026 AGM presentation and trading update (Physical page 28, executive leadership)

Evidence gaps

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Ben Laffrey

Head of Group Finance and Investor Relations

Current

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 4
  • Exact appointment date, previous roles and qualifications were not established from reviewed issuer records.
  • Independent verification of education, credentials and professional memberships is incomplete.
  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.
  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.

Full background report

Ben Laffrey

Head of Group Finance and Investor Relations

Career chronology

Suitability for the current role

Relevant experience for current role

role evidenced in October 2026 · analyst inference · medium materiality

The 16 October 2026 AGM announcement identifies him as Head of Group Finance and Investor Relations. His earlier roles and exact appointment date were not established. The fit to the present mandate is an analyst inference; the underlying chronology is mainly company-reported.

Attribution: Responsibility not applicable. A role-fit judgment, not an independently measured individual outcome.

Relevance: Relevant to the assigned leadership responsibilities.

2026 AGM presentation and trading update (Physical page 1, investor contact)

Evidence gaps

  • Exact appointment date, previous roles and qualifications were not established from reviewed issuer records.

  • Independent verification of education, credentials and professional memberships is incomplete.

  • Complete prior-employer dates, role-specific outcomes and primary regulator/court records were not established.

  • The targeted open-web search is not exhaustive and does not establish absence of adverse records.