• Record revenue, EBITDA, EBIT and NPAT results
• Continued revenue growth across core businesses
• Acquisition of Platinum Cables Pty Ltd completed

IPD Group Ltd reported strong financial results for the first half of FY26, with record revenue, EBITDA, EBIT and NPAT. Revenue grew by 8.9% to $192.7 million, driven by continued growth across the core IPD business (+11% on the prior corresponding period), CMI (+2% on the prior corresponding period), and EX Engineering (+55% on the prior corresponding period). Excluding delays at the Kingsgrove bus depot, Addelec's revenues remained unchanged with the prior corresponding period. While larger, margin competitive projects contributed to revenue growth, 1H FY26 gross profit margins improved by 20 basis points from 2H FY25. Operating expenses as a percentage of revenue decreased by 1.9%, ensuring EBITDA and EBIT margins remained consistent. The company completed the acquisition of Platinum Cables Pty Ltd on 31 December 2025. IPD Group reported underlying EBITDA of $25.4 million, up 7.6% on the prior corresponding period, and underlying NPAT of $14.4 million, up 8.3% on the prior corresponding period. The company declared a fully franked interim dividend of 6.8 cents per share.

The company reported record revenue, EBITDA, EBIT and NPAT results for the first half of FY26, exceeding the top end of its earnings guidance range.