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Intermap Technologies filed a Form 6-K highlighting a new U.S. Department of Defense research subcontract focused on positioning, navigation and timing in GPS-denied environments. This is the Company’s third contract supporting alternative navigation technologies and builds on prior work with the U.S. Air Force Research Laboratory.
Intermap will supply proprietary 3D geospatial data, advanced terrain intelligence and engineering expertise to help develop and validate next-generation navigation solutions for military, aerospace and autonomous systems operating where GPS is unavailable or disrupted. Management views GPS-denied navigation as a significant long-term opportunity across defense, space and commercial applications.
Intermap Technologies Corporation has called its Annual General Meeting of shareholders for June 24, 2026 at 10:30 a.m. in Toronto, with May 7, 2026 set as the record date. Holders of common shares will vote on receiving the 2025 financial statements, electing three directors and appointing MNP LLP as auditors.
The filing explains proxy voting procedures for registered and beneficial owners and confirms use of electronic notice-and-access for meeting materials. It outlines board composition, committee structures, governance practices and director independence, noting that a majority of directors are independent.
The circular provides extensive disclosure on executive and director compensation. For 2025, the CEO’s annual base salary was $800,000 and the CFO’s was $300,000, with bonus targets tied to revenue growth, adjusted EBITDA and strategic objectives. It also describes change-in-control protections and the Omnibus Incentive Plan, under which up to 4,613,631 common shares may be issued, alongside current equity awards for executives and directors.
Intermap Technologies reported that Generali Group is expanding its use of Intermap’s AI-enabled Aquarius Risk Management & Analytics platform across Central and Eastern Europe. The collaboration now includes Poland, Hungary and Slovenia, helping Generali assess natural catastrophe and climate-related risks with higher precision.
The platform combines high-resolution 3D terrain data, peril analytics and automation to support underwriting, portfolio management, reinsurance and claims. Intermap noted that recurring services revenue currently accounts for approximately 80% of its revenue, highlighting the importance of long-term software and data contracts like this expanded deployment.
Intermap Technologies reported a weak first quarter of 2026, with revenue falling sharply and losses widening. Revenue dropped to $1.4 million from $4.3 million a year earlier, mainly because acquisition services revenue fell to nil after delays in follow-on awards on an Indonesia contract. Software and solutions contributed $1.2 million and value-added data $0.2 million.
Operating loss increased to $2.8 million, and net loss reached $3.0 million, versus $1.2 million in 2025. Adjusted EBITDA deteriorated to negative $2.1 million from negative $0.9 million, reflecting lower revenue and higher fixed costs in anticipation of growth. Cash was $18.8 million and total assets $27.9 million, with shareholders’ equity of $20.2 million. Contract liabilities rose to $3.2 million, largely from upfront software and solutions license fees, indicating revenue to be recognized over future periods.
Intermap Technologies reported first quarter 2026 revenue of $1.4 million, with recurring subscription and data revenue accounting for more than 80% of total revenue. Management said operations were near break-even after excluding timing and financing-related items, while continuing to invest in personnel, infrastructure and deployment readiness.
The company ended the quarter with approximately $18.8 million in cash and $16.3 million in working capital, supporting ongoing growth initiatives and large government tenders such as Indonesia’s World Bank–funded program. Intermap reiterated its 2026 outlook, targeting $30–35 million in revenue and a 28% EBITDA margin, supported by growing enterprise adoption of its AI-enabled data-as-a-service platform and an active, funded government pipeline.
Intermap Technologies reported weaker 2025 results but highlighted a much stronger balance sheet and growing recurring revenue. Total revenue fell to $10.6 million from $17.6 million, and the company posted a net loss of $6.7 million, or $0.11 per share, versus $2.5 million of net income in 2024.
Cash increased sharply to $22.5 million at December 31, 2025, up from $0.4 million a year earlier, with shareholders’ equity rising to $24.6 million from $3.7 million after equity financings. Subscription and data revenue grew 29% to $5.2 million and reached 49% of total revenue, reflecting a shift toward high-margin recurring business.
Intermap has been down-selected for all four remaining lots of Indonesia’s ILASP Project, a potential $200 million opportunity, and reaffirmed 2026 guidance of $30–35 million in revenue with a 28% EBITDA margin. Separately, eight leading Czech insurers adopted its AI flood risk platform as a national underwriting standard, expanding European analytics demand.
Intermap Technologies Corporation filed its Annual Report on Form 40-F for the fiscal year ended December 31, 2025. The filing states 72,437,664 common shares outstanding as of December 31, 2025 and incorporates by reference the Annual Information Form, Audited Consolidated Financial Statements, and MD&A as Exhibits 99.1–99.3. The company reports combined independent auditor billings of $1,075,476 for 2025 and discloses its Code of Business Conduct and Ethics dated May 17, 2021. The filing notes the company is a Canadian foreign private issuer and uses United States dollars for its consolidated financial statements.
Intermap Technologies will release its fourth quarter and full year 2025 financial results after market close on March 31, 2026. On the same day, CEO Patrick A. Blott and CFO Jennifer Bakken will host a live webinar at 5:00 pm ET to review the results and answer investor questions.
The company will post a replay of the webinar and supporting materials on its investor relations webpage. Intermap describes itself as a global provider of 3D geospatial intelligence solutions, using proprietary multi-sensor elevation data, software analytics, and AI/ML to support applications across defense, aviation, insurance, infrastructure, energy, and other sectors.