IPH (ASX:IPH) has reported a 23% increase in statutory net profit after tax amounting to $64.5 million for the year ended 30 June 2023.

During the same period, the group's underlying NPAT rose by 20% to $99 million, with underlying EBITDA increasing by 28% for the year to $170 million.

The company declared a final dividend of 17.5 cents per share, resulting in a total year dividend of 33 cents per share.

For the next fiscal year, the group plans to pursue consolidation opportunities in the Canadian patent market, and restore growth in Asia.