• FY25 EBITDA guidance range of $45.7m - $46.3m, down ~7.6% on FY24 pro forma
• FY25 EBIT guidance range of $38.6m - $39.2m, down ~9.1% on FY24 pro forma
• Revenue growth expected across core IPD, CMI Minto Plugs, and EX Engineering businesses

IPD Group Limited (ASX: IPG, 'IPD' or the 'Company') today provides guidance on the Group's earnings for the financial year ending 30 June 2025 (FY25). Based on unaudited results for the 10 months ending April 2025, and management forecasts for May and June, the Company provides the following earnings guidance range for FY25: FY24 Statutory Result FY24 Pro Forma EBITDA $40.1m $49.8m FY25 Guidance Range $45.7m - $46.3m FY25 Guidance vs FY24 Pro Forma change (%) ~(7.6%) FY24 Statutory Result FY24 Pro Forma EBIT $34.3m $42.8m FY25 Guidance Range $38.6m - $39.2m FY25 Guidance vs FY24 Pro Forma change (%) ~(9.1%) The Company also notes that: revenue for FY25 is forecast to exceed the prior corresponding period (Pro Forma), with continued revenue growth forecasted across the core IPD business (+4.9% on the pcp), CMI's Minto Plugs (+5.2% on the pro-forma pcp), and EX Engineering (+4.6% on the pro-forma pcp); CMI's Cables (forecasted revenue -7.6% on the pro-forma pcp) remains affected by headwinds across its key end-market (Commercial Construction/Buildings), while Addelec (forecasted revenue -12.6% on the pcp) has experienced project delays; Data Centre Revenues have grown 25% on the pro-forma pcp; Order Backlog (as at mid-May 2025) remains elevated at $91.5m; Gross Profit Margins have seen downward pressure as the order book transitions from daily trade to larger, more complex and competitive orders; and Operating Expenses as a % of Revenue has improved on successful completion of additional investment in the operating cost base, leaving the Group well placed to efficiently service future growth.

FY25 EBITDA guidance range of $45.7m - $46.3m, down ~7.6% on FY24 pro forma. FY25 EBIT guidance range of $38.6m - $39.2m, down ~9.1% on FY24 pro forma.