• Revenue up 25.5% to $344.3m
• EBITDA up 11.2% to $100.5m
• NPAT up 77.6% to $37.3m
• Acquisition of Bereskin and Parr completed

IPH Ltd, a leading intellectual property services group, has reported strong financial results for the half year ended 31 December 2024. Revenue (excluding interest) increased 25.5% to $344.3 million, driven by continued growth in the Australian/NZ business, up 6.7%, and a 89.1% increase in the Canadian segment, which was boosted by the acquisition of Bereskin & Parr in the current period and the full period contribution of the Ridout & Maybee and ROBIC acquisitions in the prior year. Statutory EBITDA increased 27.0% to $95 million, with underlying EBITDA up 11.2% to $100.5 million. The increase in underlying EBITDA was largely driven by growth in the Canadian segment, partially offset by an increase in corporate costs. Net Profit After Tax (NPAT) increased 77.6% to $37.3 million, driven by the increase in EBITDA and a reduction in the effective tax rate. During the period, the Group completed the acquisition of Bereskin and Parr, a leading Canadian IP firm, and raised $125 million in capital to partially fund the acquisition. The Group also repaid $20 million of debt and refinanced its Canadian loan facility, extending the maturity to December 2028.

The Group did not provide any high-importance, price-sensitive forward-looking financial metrics or guidance.

The Group did not provide any forward-looking outlook statements.