• Record revenues and earnings for FY25, with sales up 22.1% to $354.7 million
• EBITDA up 19.3% to $46.4 million, NPAT up 17.0% to $26.2 million
• Expanded facilities in Brisbane and Melbourne to drive strategic sales synergies

IPD Group delivered record revenues and earnings for the year ended 30 June 2025. Sales revenue of $354.7 million was up 22.1% on the prior corresponding period, and despite macroeconomic challenges impacting the commercial construction sector, group revenue was up 1.2% on the pro-forma prior corresponding period. IPD's diversified product offering continues to drive growth in key infrastructure sectors, such as Data Centres and Water & Waste Water. As a result, gross revenues for the core IPD business are up 5.2% on the pro-forma prior corresponding period, despite prevailing market headwinds. The cable division within CMI Operations, which is primarily attached to the Commercial Construction/Buildings sector, saw a decline of 10.2% on the pro-forma prior corresponding period due to wider macroeconomic challenges in commercial construction. Post year-end, additional cable inventory has been procured to support revenue growth through FY26. Despite challenging market conditions in Australia, CMI continues to expand through export markets and revenue for CMI's higher-margin Minto Plugs grew 6.4% on the pro-forma prior corresponding period. Gross profit margins for FY25 stood at 34.2%, down from the FY24 pro-forma margin of 35.4%, reflecting a shift in the order book from daily trade to larger, more complex and competitive projects. Operating expenses as a percentage of revenue improved on the pro-forma prior corresponding period, despite inflationary cost pressures and one-off costs opening new offices in Brisbane and Melbourne. Earnings per share of 25.3 cents for FY25 is up 8.6% on the prior corresponding period, demonstrating the strength of management's ongoing strategic focus on M&A and the success of accretive acquisitions made in FY24.

IPD Group expects to continue capitalizing on emerging opportunities driven by the transition to renewable energy, increasing demand from data centres and associated energy requirements, the expansion of electrical infrastructure to support EV chargers and demand for public transport electrification, and a supportive legislative environment. The Board will provide a trading performance update at the IPD Group Limited AGM on 25 November 2025.

Management remain focused on executing strategic priorities, long-term value creation, adapting to market conditions, and continuing to deliver sustainable growth. The Group is efficiently positioned to capitalise on an improvement in weaker end markets, notably Commercial Construction & Buildings.