GBC AG Re-Initiates Coverage on Aspermont Ltd., Highlighting Growth Potential

GBC AG, a research house based in Augsburg, Germany, has announced the re-initiation of its coverage on Aspermont Ltd., a B2B provider in the mining and resources sector. Aspermont has evolved from a traditional publisher to a subscription-focused digital platform. In FY2025, the company reported AUD 15.41 million in revenue with subscriptions making up 66% of the total. This marks the 37th consecutive quarter of subscription growth.

The company's business model is built on recurring revenues and a portfolio of AI-enabled products, primarily through its Mining IQ platform. This transition is seen as a robust move towards scalability. For FY2026 to FY2028, GBC forecasts revenue growth from AUD 16.90 million to AUD 21.30 million, with EBITDA improving significantly. Analysts at GBC rate the shares as a 'BUY', targeting AUD 5.00 per share.