• Record revenues and earnings at the top end of guidance
• Strong growth across core IPD, CMI Minto Plugs, and EX Engineering
• Data Centre revenue up 33% on FY24, now 16% of group revenue
• Net cash position of $9.8 million after $20 million debt repayment
• Dividend up 16.7% to 12.6 cents per share

IPD Group Limited (ASX: IPG) has released its financial results for the financial year ending 30 June 2025 (FY25), reporting record revenues and earnings at the top end of the guidance range provided in May 2025. Revenue grew 22.1% year-on-year to $354.7 million, with continued growth across the core IPD business (+5.2% on the prior corresponding period), CMI's Minto Plugs (+6.4% on the pro-forma pcp), and EX Engineering (+5.2% on the pro-forma pcp). This strong performance was driven by growth in key infrastructure sectors such as Data Centres and Water & Waste Water. The group's Data Centre revenue grew 33% on FY24 and now represents 16% of total group revenue. Despite challenges in the commercial construction sector, impacting CMI's cable revenues, the group's diversified product offering and strategic acquisitions have enabled it to deliver robust financial results. Earnings per share of 25.3 cents for FY25 was up 8.6% on the prior year, demonstrating the success of accretive acquisitions made in FY24. The group's balance sheet has also strengthened, with a net cash position of $9.8 million as at 30 June 2025 after repaying $20 million of core debt during the year. Operating free cash flow conversion improved to 113.6% for FY25. The directors have declared a final fully franked dividend of 6.2 cents per share, bringing the total dividends for FY25 to 12.6 cents per share, up 16.7% on the prior year.

Whilst some end markets remain challenging, IPD continues to capitalize on emerging opportunities driven by the transition to renewable energy, increasing demand from data centres, expansion of electrical infrastructure to support EV chargers and public transport electrification, and a supportive legislative environment. The group also remains efficiently positioned to capitalise on an improvement in weaker end markets, notably Commercial Construction & Buildings.