IPH (IPH) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners and introductions of board, executives, and auditors.

• Notice of Meeting and Annual Report were made available, and the agenda was confirmed to follow the published order.

Financial performance review

• Statutory net profit after tax rose to AUD 68.8 million from AUD 60.8 million, with underlying EBITDA up 7.3% to AUD 120.6 million.

• Group revenue for FY25 was AUD 710.3 million, with underlying EBITDA at AUD 207.2 million, mainly due to Canadian acquisitions.

• Like-for-like revenue was flat, with underlying EBITDA down 4% in Australia and New Zealand, and down 1.7% in Asia.

• Canada segment saw disruption from CIPO system issues, but integration of acquisitions exceeded synergy targets.

• For the first four months of FY26, unaudited group revenue was AUD 241.7 million, with growth in Canada and Asia offsetting declines in Australia and New Zealand.

Board and executive committee updates

• Board renewal continued with Kate Mason joining and Xingming Kean retiring at the conclusion of the AGM.

• CEO Andrew Blattman announced intention to retire in the second half of 2026, with a search process for a successor just beginning.

• John Atkin and Vicki Carter stood for re-election as non-executive directors, and Kate Mason stood for election.