Intermap Technologies : Overview Q2 2026

Intermap Technologies Geospatial Intelligence Powered by 3D Data

September 1, 2026

Intermap Technologies is a geospatial intelligence provider, producing 3D digital representations of Earth's surface and the features on it

Scalable, dual-use platform spanning government and enterprise customers, accelerating innovation and generating diversified, durable revenue

• Governments rely on Intermap for national mapping programs, new technology and R&D

• Commercial applications include insurance, aviation, telecom, energy, climate resilience and space

  Customers subscribe to recurring services that offer precision solutions for non-expert users

  100+ years of global experience across 61 countries

• Engineering in Calgary

• Software development in Prague

• Data production in Jakarta

Intermap has mapped more than 300 million km² of terrain in 150+ countries The total land area on Earth is approximately 149 million km²

Intermap Technologies Corporation
Sector	Technology/Software - Application
Tickers	IMP.TO (TSX); ITMSF (OTCQB)
Headquarters	Englewood, CO USA
Employees	72
Transfer Agent	Odyssey Trust Company
Auditor	MNP, LLP

IMP.TO Stock Statistics
Float as % of Shares Outstanding	91%
30-Day Average Daily Trading Volume	114,025
30-Day VWAP	CAD 1.78
Insider Ownership (1)	9%
Chairman and CEO	8.7%

Capitalization (US$) and Key Metrics
Capitalization IMP.TO Price per Share CAD 1.00 Shares Outstanding (M) 73.8 Market Cap $54,265 Net Debt/(Cash) ($26,076) Enterprise Value (2) $28,189	2026 Guidance Revenue 32,500 Adjusted EBITDA (3) 9,100 Margin 28%
Valuation - 2026 Guidance Enterprise Value / Revenue 0.9x Enterprise Value / Adjusted EBITDA 3.1x

Source: Company filings and press releases. All dollar amounts presented in US$'000s.

1. Common shares owned, controlled or directed, directly as of 12/31/23, adjusted for 3Q private placement, as % of current outstanding shares

2. Market data as of close beneficially01/09/25 and share count as of 09/30/24. Balance sheet as of 09/30/24. Net debt/(cash) includes lease obligations and the fair value of an investment in a privately held company

3. Excludes working capital investment, share-based compensation, fair value adjustments and foreign currency translation

   
   
   
   
   Q2 revenue of $2.0M; $3.4M for the firs t s ix months

   • Value-added Data revenue more than doubled to $0.7M

   • Software and Solutions prepaid revenue grew 35%

   • Definitive agreement announced to acquire PCI Geomatics

   • $16.2M of cash and $12.6M of working capital at quarter end

   • Risk offering adopted by eight specialty-line insurers

   • Third DOD contract advancing GPS-denied navigation

     
     
     
     
     Vertically Integrated Capabilities

   • Image processing supporting more than 500 satellites and thousands of workflows

   • Cloud-native microservices, APIs and edge-processing capabilities

   • Complements Intermap's 3D terrain data, orthorectification and AI-driven analytics

   • Extends the intelligence delivery platform

   • Closing expected by the end of September, subject to approvals and customary conditions

     
     
     
     
     Confidence in the Program

   • Follow-on procurement is taking longer than anticipated

   • Intermap agreed to requested timeline extensions

   • Binding commitments and active World Bank support remain in place

   • Deployment readiness is being maintained

   • Government opportunities continue across multiple regions

   • Confidence in the Indonesia opportunity remains unchanged

     
     
     

     Shareholders' Equity

     Working Capital

     Total Cash

     30-Jun-26

     30-Jun-25

     $2.0M

     $0.0M

     $3.8M

     $6.0M

     $4.0M

     $7.9M

     $7.8M

     $12.0M

     $10.0M

     $8.0M

     $12.6M

     $16.0M

     $14.0M

     $17.7M

     $16.2M

     $18.0M

     $20.0M

     Q2'25 vs Q2'26

     
     
     
     
     

     $ Millions

     
     
     Capital Positioned to Support Execution

   • Cash: $16.2M

   • Working capital: $12.6M

   • Shareholders' equity: $17.7M

   • Approx. $2.2M invested YTD; $1.1M in property and equipment

   • PCI transaction expected to use C$11M of cash at closing

     
     
     
     
     Guidance and Combined Company Outlook

   • Underlying business outlook remains unchanged

   • Indonesia timing remains the principal variable affecting 2026 results

   • Confidence remains strong in long-term growth and government/commercial opportunities

   • Updated financial guidance expected following PCI closing, reflecting the combined company's financial profile and outlook

Digital Surface Models (DSM) include features like trees, roads and buildings. Used for urban planning, telecom, aviation, engineering and construction Digital Terrain Models (DTM) represent the bare earth with surface features removed.

Used for flood modeling, land use studies and renewable energy planning

© Intermap Technologies. All rights reserved. - corporate proprietary restrictions on use and disclosure 12

Intermap's elevation models can be layered with satellite imagery to provide realistic 3D visualization Intermap's 1m Elevation Data Free Elevation Data

© Intermap Technologies. All rights reserved. - corporate proprietary restrictions on use and disclosure 13

During a mission in 2017, a rescue helicopter struck an is land that wasn't in the onboard terrain warning database

Data onboard the helicopter

NEXTView shows more than a 50-meter difference compared with the data on the helicopter

NEXTView

Intermap's collection and processing capabilities enable governments to integrate geospatial data into national and global operations

• Basemaps are reference maps composed of different layers of geospatial data, such as terrain, buildings, roads and land type, and are fundamental building blocks to provide context and visual references for a variety of applications Governments need basemaps for

• Policy formation and decision making

• Natural resource management

• Disaster management

• Land use planning

  
  
  
  
  Advanced geospatial AI/ML modeling identifies features in imagery, including those collected by satellite and the Company's airborne SAR sensor. Intermap developed this proprietary technology by leveraging its unique SAR imagery archive Automated system accelerates delivery, enhances resolution and improves accuracy Extracted features include

  • Buildings

  • Roads

  • Vegetation, including individual trees in cities

  • Rivers

  • Multi-classification land cover, such as impervious surfaces

Areas with rugged, mountainous terrain and dense jungles or persistent cloud cover, smoke, smog, fog and haze make it challenging for satellites to collect images and terrain information Unique sensors send s ignals through clouds, smoke, rain and foliage to map the terrain

Optical Imagery

P-Band

Intermap won a $20 million contract to map the Island of Sulawesi, Indonesia. The contract was the first phase of the Indonesian Integrated Land Administration and Spatial Planning Project (ILASPP), which is to provide geospatial data and base maps covering all of Indonesia.

Sulawesi, representing 10% of the country's land area, validated Intermap's approach to delivering 1:5,000 scale topographic maps in only nine months of work. ILASPP procurement is underway to complete the remaining 90% of the maps, with work expecting to conclude in

December 2028. Additional contracts valued over $180 million are to be awarded by year end 2025. Learn more here

Intermap is working with the National Geospatial-Intelligence Agency (NGA) to create frequently updated elevation datasets in near-real-time that reflect the changing terrain as the environment evolves

• Current and accurate elevation data is critical for global mapping programs and geospatial analysis for high-priority national security areas of interest

• Recently awarded contracts include Low Latency Foundation Data, Janus Geography, Luno A, Luno B

  
  
  
  
  Working as a prime contractor with the U.S. Air Force Research Laboratory to develop navigation systems that operate without GPS

• GPS-denied navigation relies on onboard sensors and elevation data to enable aircraft to navigate flight routes safely and efficiently

  
  
  

• Recently awarded contracts include GPS-Denied Navigation, Advanced Battle Management System

CONFIDENTIAL