Aerometrex (ASX: AMX) secures multi-year contract with Landchecker to scale MetroMap licence revenues

Can Aerometrex’s renewed MetroMap deal with Landchecker redefine ARR stability by FY27?

Aerometrex Limited (ASX: AMX) has executed a renewed multi-year licensing agreement with property analytics platform Landchecker, locking in a minimum of AUD 3.0 million in contracted revenue through financial year 2027. The revised deal extends the existing MetroMap licence partnership by one additional year and introduces a new two-year extension option, which would elevate the minimum commitment to over AUD 3.2 million by June 2029.

This early renewal not only replaces the final year of the prior agreement but also increases the fixed licence commitment per annum. Landchecker will now pay AUD 1.5 million annually for a fixed volume of MetroMap licences in both FY26 and FY27. The contract retains a scalable licensing structure, enabling Landchecker to acquire an unlimited number of additional licences at agreed rates throughout the contract term.

For Aerometrex Limited, the Australian geospatial technology firm known for MetroMap, LiDAR, and 3D modelling services, the announcement represents a substantial step in stabilizing recurring revenue streams via its channel partner program. The company continues to diversify its route-to-market strategy by embedding its high-resolution aerial imagery within platforms that serve property, legal, planning, and development professionals.

What makes the MetroMap licensing structure financially attractive to Aerometrex through FY27 and beyond?

The renewed agreement between Aerometrex Limited and Landchecker centers around a fixed baseline payment paired with a usage-based variable component. The base commitment of AUD 3.0 million across FY26 and FY27 includes AUD 1.5 million annually for a predetermined quantity of licences. Additional licences beyond this fixed quota are available for purchase without a cap, thereby creating meaningful revenue upside.

From a financial modeling perspective, the agreement supports improved annual recurring revenue (ARR) forecasting. This structure benefits Aerometrex by creating a stable revenue base while offering upside scalability—an attribute increasingly valued by institutional investors tracking SaaS and data services firms on the Australian Securities Exchange.

Should the extension option be exercised, the total minimum commitment would rise to over AUD 3.2 million through FY29. This incremental growth potential underscores the long-term monetization capacity of MetroMap, especially when embedded within workflow-critical platforms like Landchecker.

How is MetroMap strategically integrated into the Landchecker property platform and why does it matter?

MetroMap’s ultra-high-resolution aerial imagery is a core component of the Landchecker platform, which serves over 180,000 property professionals across Australia. These users include real estate agents, architects, developers, legal practitioners, and town planners—many of whom require daily access to geospatial data for land assessments, permit analysis, and overlay evaluations.

According to Landchecker Chief Executive Officer Adam Gandolfo, MetroMap has become an “embedded” tool within the platform, with its imagery utilized by customers as part of routine decision-making workflows. The strategic dependence on MetroMap elevates the data’s perceived value and increases switching costs, thereby reinforcing customer stickiness for Landchecker and long-term licensing stability for Aerometrex.

Landchecker aggregates data from multiple authoritative sources—ranging from local councils to state government registries—and combines it into a unified map-based interface. MetroMap’s imagery strengthens this platform by offering visual precision at scale, critical for verifying property boundaries, recent construction changes, or development approvals.

How does the Landchecker agreement reflect Aerometrex’s evolving indirect sales and partnership strategy?

Aerometrex Limited’s partnership with Landchecker exemplifies its go-to-market shift from direct enterprise licensing to scalable embedded distribution through B2B channels. Acting Chief Executive Officer Rob Veitch noted that this renewal affirms the strength of the company’s “partner model,” which is designed to drive both annual recurring revenue and average contract value (ACV) growth.

Rather than investing in large direct sales forces across fragmented verticals, Aerometrex has opted to partner with platforms already servicing target industries. By integrating its MetroMap data within these digital platforms, Aerometrex gains exposure to a wider audience of users indirectly, without incurring the same customer acquisition costs.

This partner-led growth strategy is expected to form a cornerstone of Aerometrex’s revenue base as it expands operations in both Australia and the United States. Executives have also indicated a broader intent to replicate the Landchecker model with other analytics-driven platforms that rely on geospatial inputs but lack their own aerial data acquisition pipelines.

How does this contract influence institutional investor sentiment and visibility into Aerometrex’s financial outlook?

While Aerometrex Limited has yet to report FY25 results, institutional investors are likely to view the Landchecker renewal as a positive indicator of revenue continuity and customer retention. The fixed annual payments create a clear line of sight into ARR performance for the next two fiscal years, while the uncapped licence tier and extension option offer potential upside without additional fixed costs.

Analysts who track SaaS-style revenue models on the ASX often prioritize metrics like contract length, renewal rate, and consumption flexibility—all of which are addressed in this deal. The AUD 3.0 million in baseline commitments through FY27 is seen as a meaningful anchor within the company’s revenue mix, especially when compared to shorter-term project revenue from LiDAR or one-off 3D model engagements.

Moreover, by locking in a key strategic customer early, Aerometrex mitigates some of the earnings volatility risk associated with competitive tender cycles or seasonal procurement trends common in property-related markets.

What is the historical relationship between Aerometrex and Landchecker, and why was this early renewal significant?

Aerometrex and Landchecker have maintained a commercial relationship for several years, with MetroMap imagery featured prominently in the Landchecker product since its inception. The decision to renew early—replacing the final year of the existing agreement with a longer, more valuable term—signals mutual confidence in the ongoing partnership.

Founded in 2016 and backed by RACV and PEXA, Landchecker has grown rapidly to become one of Australia’s most widely used property data tools. Its emphasis on intuitive design, speed, and comprehensive datasets has made it a preferred platform across legal, real estate, and planning sectors. The reliance on MetroMap data is likely to deepen as the platform expands into new geographies and user verticals.

From Aerometrex’s perspective, the early renewal serves to protect a key revenue stream while reducing contract churn risk. It also supports long-term planning for resource allocation, product updates, and infrastructure investment across the MetroMap platform.

What could the long-term growth outlook look like for Aerometrex following this agreement?

If usage trends continue to accelerate and Landchecker exercises its extension clause, Aerometrex could see its recurring MetroMap revenue climb further above the AUD 3.2 million minimum floor by FY29. This projection excludes additional licence purchases above the fixed tier, which remain uncapped and priced at agreed-upon terms.

The structure of the deal also positions Aerometrex to pursue similar agreements with other enterprise-grade analytics platforms in adjacent markets, including construction, utilities, and defense planning. This expansion of the partner ecosystem could create a compound revenue effect, turning MetroMap into a key monetizable asset across industries with geospatial dependencies.

Institutional investors will likely be watching future announcements around partner-led integrations, U.S. expansion milestones, and renewal patterns in the core Australian market. If Aerometrex can replicate the Landchecker success in other verticals or jurisdictions, it may bolster its case as a stable ARR-driven geospatial tech stock on the ASX.