• Revenue up 16.5% and Underlying EBITDA up 6.0% year on year
• Underlying NPATA of $120.6m, up 7.3%
• Statutory NPAT $68.8m, up 13.2%
• Final dividend of 19.5 cps; total dividends for FY25 of 36.5 cps

IPH Limited (ASX:IPH), a leading international intellectual property (IP) services group, announces its results for the year ended 30 June 2025 (FY25). Revenue was up 16.5% and Underlying EBITDA increased by 6.0% year on year, largely driven by acquisitions in Canada. Underlying NPATA increased by 7.3% to $120.6 million, while Statutory NPAT grew by 13.2% to $68.8 million. The company continued to generate strong operating cashflow, with a cash conversion ratio of 103%. IPH declared a final dividend of 19.5 cps, bringing the total dividends for FY25 to 36.5 cps, up 4% on the prior year. The company's focus remains on organic growth, with initiatives targeting Western Europe, Japan, South Korea and Chinese incoming filings. In Asia, IPH aims to build on the current momentum in filings to deliver revenue and earnings growth. In Canada, the company is leveraging its integrated platform and anticipating a recovery in patent workflow following the CIPO systems issues. IPH has also restructured its corporate services and leadership team to support member firm growth and realigned its cost base to drive operational efficiencies, targeting annualised cost savings of $8m-$10m from FY26.

Despite short-term economic disruptions, the medium-term fundamentals for IP remain supportive for growth. Companies' intellectual property remains one of their most valuable assets and that requires protection across global markets. In an era of de-globalisation, corporations require increasing country-specific IP protection. As a market leader across secondary IP markets with an unmatched global network, IPH remains well placed to service that growth.