IPD Group (IPG) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue of $192.7 million, up 8.9% year-over-year, and underlying NPAT of $14.4 million, up 8.3%, surpassing the top end of guidance.

• Growth driven by diversified product offerings, especially in Data Centres, Infrastructure, Industrial, Mining, and Water & Waste Water sectors.

• Completed acquisition of Platinum Cables on 31 December 2025, expanding mining and resources exposure and customer relationships.

• Interim fully franked dividend of 6.8 cents per share declared, up 6.3% year-over-year.

Financial highlights

• Underlying EBITDA rose 7.6% to $25.4 million; underlying EBIT up 7.4% to $21.7 million; underlying NPAT at $14.4 million.

• Underlying EPS increased 7.0% to 13.8 cents.

• Gross margin at 33.3%, down 1.9% year-over-year but up 0.2% sequentially.

• Operating free cash flow for 1H26 was $17.1 million; rolling 12-month conversion at 92.2%.

• Net debt at $24.4 million after $37.5 million new debt for Platinum Cables acquisition.

Outlook and guidance

• Board expects solid full-year performance, supported by a strong order book and positive trading momentum into 2H FY26.

• Healthy opportunity pipeline and recent acquisition provide confidence in continued revenue and earnings growth.

• Positive momentum in January and February trading across key segments.

• Strong tailwinds in data centres, mining, electrification, and infrastructure sectors.