IPD Group (IPG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with director introductions and confirmation of quorum; shareholders participated via webcast without online voting or questions.

• Agenda included chair address, strategic and operational update, market update, trading outlook, formal business, shareholder Q&A, and CEO business update.

Financial performance review

• Statutory revenue grew 22.1% to $354.7m and net profit after tax increased 17% over FY 2024.

• Data Centre revenue grew 33%, reinforcing a strong position in electrification and decarbonisation.

• Cash flow conversion reached 113.6%, enabling $20m debt repayment and a year-end net cash position of $9.8m.

• Operating expenses reduced to 21.4% of revenue, improving margins and scalability.

• Dividend payout of AUD 0.126 per share, fully franked, totaling AUD 13.1 million and a 50% NPAT payout ratio, up 16.7% from FY 2024.

Strategic initiatives and plans

• Strategy refined to leverage electrification, decarbonisation, and industrial automation trends.

• Renewed a four-year ABB partnership, maintaining a leading Asia Pacific distribution position.

• Opened new Melbourne and Brisbane facilities to centralise operations and enhance service.

• Transitioned to an electric/hybrid vehicle fleet, installed chargers at nearly half of all sites, and eliminated 175 m³ of landfill waste through packaging and recycling initiatives.

• Supported 10 university partnerships to develop engineering talent and community outcomes.