• Revenue up 46.6% to $176.9 million
• EBIT up 47.4% to $20.2 million
• NPAT up 40.0% to $13.3 million
• Interim dividend of 6.4 cents per share declared

IPD Group Ltd reported a strong financial performance for the half-year ended 31 December 2024, with sales revenue increasing 46.6% to $176.9 million and NPAT up 40.0% to $13.3 million compared to the prior corresponding period. The company's diverse product range enabled it to benefit from growth in industries such as data centres and water/wastewater, offsetting challenges in the commercial construction sector. Gross profit margins were 35.2%, marginally down on the prior year due to a shift towards larger, more complex and competitive orders. Operating expenses increased as the company invested in additional resources to support growth, but earnings per share still grew 19.4% to 12.9 cents. The company's balance sheet remains strong, with net assets of $158.1 million and net debt of $2.2 million as at 31 December 2024. The directors declared an interim dividend of 6.4 cents per share, fully franked. Management remains focused on executing strategic priorities, adapting to market conditions, and delivering sustainable growth.

IPD Group expects to maintain its strong financial performance, with revenue, EBIT and NPAT all expected to grow compared to the prior corresponding period. The company has not provided specific financial guidance for the full year.

IPD Group sees ongoing opportunities in the transition to renewable energy, growing data centre demand, electric vehicle charging infrastructure, and public transport electrification. Management remains focused on executing strategic priorities, adapting to market conditions, and continuing to deliver sustainable growth.