IPD Group (IPG) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue and profits, exceeding the top end of earnings guidance for H1 FY2026, with strong growth in data centers, mining, and infrastructure sectors.

• Completed the acquisition of Platinum Cables, expanding the portfolio, strengthening the mining sector presence, and broadening customer relationships.

• Interim fully franked dividend of 6.8 cents per share declared, up 6.3% year-over-year, with a 50% payout ratio.

• Data center revenue grew significantly, with a robust pipeline and early engagement in major projects.

• Healthy order book and opportunity pipeline provide confidence in sustained revenue and earnings growth.

Financial highlights

• Revenue reached $192.7 million, up 8.9% year-over-year for H1 FY2026.

• Underlying EBITDA was $25.4 million, up 7.6% year-over-year; underlying EBIT up 7.4% to $21.7 million.

• Underlying NPAT was $14.4 million, up 8.3% year-over-year; underlying EPS increased 7% to 13.8 cents.

• Free cash flow was $17.1 million; rolling 12-month operating cash flow conversion at 92.2%.

• Net debt stood 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.

• Strategic focus on organic growth, product expansion, and targeted acquisitions.

• Robust M&A pipeline and continued investment in operational efficiency and sustainability.