• Continued organic growth in ANZ; strong recovery in IPH Asian patent filings
• Bereskin & Parr integration on track with synergies exceeding target
• Increased interim dividend and commenced on-market share buyback

IPH Ltd reported a solid financial result for the half year ended 31 December 2024, with underlying EBITDA of $100.5 million, up 11%, and underlying NPAT of $61.0 million, up 20%. The company saw continued organic growth in Australia and New Zealand, as well as a strong recovery in Asian patent filings in the second quarter of the financial year. The integration of the recently acquired Bereskin & Parr business is progressing well, with cost synergies exceeding initial targets. IPH maintained its strong financial position, with net debt reduced by 16% to $300 million and a leverage ratio of 1.63. The company increased its interim dividend by 6% to 17 cents per share and commenced an on-market share buyback of up to $75 million. IPH remains focused on driving organic growth across its global network, optimising operational efficiency, and maintaining a disciplined approach to capital management and strategic acquisitions.

IPH expects to deliver strong profitable growth and high return on invested capital in the 2025 financial year.

IPH is well-positioned to continue its growth trajectory, with a focus on driving organic growth, optimising operational efficiency, and pursuing strategic acquisitions to further strengthen its global IP services platform.