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IPH (IPH) investor relations material
IPH H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue grew 16.5% to $710.3M, driven by Canadian acquisitions and organic growth in ANZ and Asia.
Underlying EBITDA rose 6% to $207.2M; underlying NPATA up 7.3% to $120.6M; statutory NPAT increased 13.2%.
Dividend per share increased 4% to $0.065 (36.5cps), supported by strong cash generation and 103% cash conversion.
Integration of Canadian acquisitions, including Bereskin & Parr, completed with cost synergies above initial estimates and full-year contribution expected in FY26.
Operational efficiencies, restructuring, and AI integration are set to deliver $8–10M in annualized cost savings from FY26.
Financial highlights
Revenue: $710.3M (+16.5% YoY); Underlying EBITDA: $207.2M (+6% YoY); Underlying NPATA: $120.6M (+7% YoY).
Statutory NPAT: $68.8M (+13% YoY); Underlying basic EPSA: 45.3cps (-2.3% YoY); Statutory basic EPS: 25.8cps (+3% YoY).
Underlying EBITDA margin declined due to CPO issues in Canada, lower margin from Bereskin & Parr, and lower litigation revenue.
Free cash flow up 4%; CapEx of $7.9M mainly for Canadian integration.
Dividend payout ratio at 86% of cash-adjusted NPAT.
Outlook and guidance
Expect further growth in FY26, with full-year benefit from Canadian synergies and $8–10M annualized cost savings.
Anticipate revenue and earnings growth in Asia as increased filings flow through.
Canadian revenue recovery expected as CPO backlog clears through FY26 and into FY27.
Focus on organic growth, operational efficiency, and leveraging AI for cost reduction.
Targeting expansion in Western Europe, Japan, South Korea, and China.
Next IPH earnings date

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