• Continued growth exceeds top-end of earnings guidance
• Acquisitions of EX Engineering and CMI Operations drive revenue growth
• Strong balance sheet with net debt of $2.2m and operating free cash flow of $25.3m

IPD Group Ltd reported record revenue, EBITDA, EBIT and NPAT results for the first half of FY25, with earnings exceeding the top end of guidance. Revenue grew 46.6% to $176.9 million, driven by the acquisitions of EX Engineering and CMI Operations last financial year. EBITDA increased 46.6% to $23.6 million, with EBITDA margins holding steady at 13.3%. EBIT grew 47.4% to $20.2 million, while NPAT increased 40.0% to $13.3 million. Earnings per share rose 19.4% to 12.9 cents per share, demonstrating the success of the accretive acquisitions. The Group's balance sheet remained strong, with net debt of $2.2 million and operating free cash flow of $25.3 million, representing a cash conversion rate of 107.6%. A fully franked interim dividend of 6.4 cents per share was declared, up 39.1% on the prior corresponding period.

The company reported record revenue, EBITDA, EBIT and NPAT results for the first half of FY25, with earnings exceeding the top end of the guidance range.

IPD Group continues to see strong demand across its diverse product range, particularly in growth industries such as data centres, water and wastewater. The company is focused on expanding its market reach, strengthening its expertise in strategic solutions, and investing in technology and digital transformation to drive future growth.