IPH Limited Q2 2026 Earnings Recap

IPH Limited delivered solid half-year results for FY 2026, with underlying EBITDA growth of 6.6% and a notable recovery in its Canadian business, driving an overall increase in net profit by 10.5%.

Key Takeaways

• Revenue reached $363.9 million, bolstered by organic growth in Canada and Asia, despite challenges in the U.S. market.
• Canadian operations saw an impressive 18.9% increase in like-for-like earnings, attributed to cost discipline and acquisition synergies.
• Cash conversion remained robust above 100%, allowing for an 11.8% increase in interim dividends to $0.19 per share.
• Nearly 60% of earnings now come from outside ANZ, displaying resilience amid fluctuations in domestic filings, particularly with ongoing CIPO backlog challenges in Canada.
• Significant investments in AI have been made to streamline operations, enhance workflow efficiency, and reduce costs, positioning the company for future growth.