IPH (IPH) H2 2026 earnings summary

Executive summary

• Over 1,700 employees serve 26 IP jurisdictions through five brands, with recent consolidation and integration of brands to strengthen client support and operational scale.

• CEO highlights strong brand reputation, technical expertise, recurring workflows, robust cash generation, and enhanced earnings diversity, with 58% of underlying EBITDA now generated outside ANZ.

• Focus on accelerating sustainable growth, leveraging global network, simplifying operations, and embedding AI and data capabilities for productivity and client outcomes.

• FY26 delivered a 1.7% increase in underlying NPATA and a 5.5% rise in full-year dividends, despite currency headwinds.

• Net profit after tax increased 16.9% year-over-year to $80.4m, driven by lower non-underlying expenses and improved performance in Canada.

Financial highlights

• Revenue reached $712.8m, up 0.4% year-over-year, driven by Canadian growth and Bereskin & Parr acquisition.

• Underlying EBITDA was $205.9m, down 0.6% due to currency impacts, but like-for-like EBITDA grew 2.9%.

• Underlying NPATA increased 1.7% to $122.7m; statutory net profit after tax rose 16.9% to $80.4m.

• Underlying basic EPSA up 4.2% to 47.2c, aided by share buyback; statutory basic EPS up 19.8% to 30.9c.

• FY26 total dividends of 38.5c per share, up 5.5% from FY25, with a payout ratio of 84% of cash-adjusted NPAT.

Outlook and guidance

• Priorities for FY27 include driving sustainable organic growth, expanding service offerings, leveraging client relationships, and investing in people, technology, data, and AI.

• Dividend payout policy updated to a 70%-90% range of statutory EPSA for FY27 and beyond, providing flexibility.

• Operational outlook in Canada improving as CIPO backlog expected to clear in the next 12 months.