IPD Group (ASX: IPG) reported a record-breaking performance for the first half of FY26, with financial results exceeding the top end of the guidance range established in November 2025.
The company generated $192.7 million in revenue, marking an 8.9% increase over the previous corresponding period.
The growth was largely driven by a surge in large-scale projects and a robust 16% increase in Data Centre revenues, which reached $32.8 million despite some order slippage into January.
Underlying EBITDA rose 7.6% to $25.4 million, while net profit after tax grew 8.3% to $14.4 million.
This resulted in an underlying earnings per share of 13.8 cents, a 7% year-on-year improvement.
The company declared a dividend of 6.8 cents per share.
While gross margins dipped slightly to 33.3% due to competitive dynamics in larger projects, operating efficiency improved; operating expenses as a percentage of revenue fell to 20.2%, down 190 basis points.
IPD Group concluded the acquisition of Platinum Cables on Dec. 31, 2025.
To fund this expansion, the company secured $37.5 million in new debt, leaving net debt at $24.4 million with a conservative leverage ratio of approximately 0.5x.
At the time of reporting, IPD Group's share price was $4.59.