IPD Group (IPG) Trading update summary

FY26 earnings guidance

• FY26 underlying EBITDA is forecast at $54.5–$55.3m, up 18% from FY25 reported results.

• FY26 underlying EBIT is projected at $46.3–$47.1m, a 19% increase over FY25.

• Excluding Platinum Cables, underlying EBITDA guidance is $50.5–$51.3m, up 10% year-on-year.

• Excluding Platinum Cables, underlying EBIT guidance is $42.7–$43.5m, also up 10%.

Revenue and operational performance

• FY26 revenue is expected to grow, driven by strong performance in core business, EX Engineering, and record CMI results.

• Data Centre revenues are up 25% year-on-year.

• Gross profit margins are expected to remain stable compared to 1H26.

• Operating expenses as a percentage of revenue have decreased after recent investments.

Strategic outlook and management commentary

• Acquisitions are delivering top-line synergies, with sales teams increasingly aligned.

• The balance sheet is strong, supporting future M&A activity.

• Long-term structural tailwinds are expected to support ongoing growth.

• Further details will be provided at the full year results announcement in August 2026.