Highlights

• Revenue climbed 16.8% to AU$414.3 million, exceeding the top end of guidance.
• Underlying EBITDA rose 19.4% to AU$55.4 million, while underlying NPAT increased 17.9%.
• The company declared a fully franked final dividend of 7.9 cents per share.

Record FY26 Results Put Focus on Growth

IPD Group Limited (ASX: IPG) reported a strong FY26 result on 14 August 2026, with revenue and earnings coming in above the upper end of its previously issued guidance. Revenue increased 16.8% year on year to AU$414.3 million, while underlying EBITDA rose 19.4% to AU$55.4 million. Underlying NPAT also advanced 17.9% to AU$30.9 million, with underlying EPS increasing 17.4% to 29.7 cents.

The company’s growth was supported by broad-based performance across its operations. Data centre revenue was particularly strong, increasing 27% to AU$71.5 million, while IPD revenue grew 11%, CMI revenue increased 11% and EX Engineering surged 35%. Platinum Cables, acquired in December 2025, contributed six months of earnings and helped expand exposure to infrastructure, industrial and mining markets.

Could the Balance Sheet Add Further Momentum?

IPD Group ended FY26 with AU$16.4 million of net debt, down from AU$24.4 million at 31 December 2025, despite taking on AU$37.5 million of debt to fund the Platinum Cables acquisition. Leverage stood at a conservative 0.3x net debt to underlying EBITDA, while operating free cash flow conversion reached 84.4%.

What Could FY27 Bring?

Management entered FY27 with positive momentum, citing exposure to sectors benefiting from long-term structural investment. The company also declared a 7.9-cent fully franked final dividend, taking total FY26 dividends to 14.7 cents per share, compared with 12.6 cents in FY25. With shares last trading at $5.760, up 14.285%, investors may now be watching whether the record FY26 performance and strengthening balance sheet can support another year of growth.Note- All data presented is based on information available at the time of writing.Disclaimer for Kapitales ResearchThe materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise. 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au