• Revenue up 8.9% to $192.7 million
• Underlying NPAT up 8.3% to $14.4 million
• Interim dividend of 6.8 cents per share declared

IPD Group recorded a strong financial performance in the first half of FY26, with revenue from ordinary activities increasing by 8.9% to $192.7 million and underlying NPAT rising 8.3% to $14.4 million compared to the prior corresponding period. The company's diversified product offering continued to drive growth in key infrastructure sectors, including Data Centres, Infrastructure/Industrial/Mining, and Water & Waste Water, which collectively grew 13% on the prior corresponding period. Data Centre revenue rose 16% to $32.8 million, although a large order expected in December 2025 was rescheduled to January 2026, which would have resulted in a 25% increase if delivered as planned. The company's core business revenue grew 11%, with Power Distribution products accounting for 38% of group revenue, up 15% on the prior corresponding period. The EX Engineering division recorded a 55% increase in revenue to $10 million, partly driven by a key oil & gas cable supply contract. CMI revenues increased 2%, with Cable revenues up 7.1% and Minto Plugs up 11% on the prior corresponding period. The company's balance sheet remains strong, with $172 million in net assets following the acquisition of Platinum Cables, a leading provider of high-performance cable solutions for the mining and resources sector. The company declared an interim dividend of 6.8 cents per share, payable on 10 April 2026.

The company expects to deliver a solid full-year performance, supported by a strong first-half result, a healthy order book, and a well-qualified opportunity pipeline. The recently acquired Platinum Cables business is also expected to contribute to the company's growth.

The company enters the second half with positive momentum across key business segments and a robust foundation for the remainder of the year. The Board is confident in the sustainability of the company's revenue and earnings growth.