IPD Group Projects 18% EBITDA Growth with Acquisition Synergies Driving Momentum

Strong Earnings Guidance Highlights Acquisition Impact

IPD Group Limited (ASX:IPG) is forecasting a robust financial year for FY26, with EBITDA expected to land between $54.5 million and $55.3 million, marking an 18% rise over FY25 statutory results. EBIT is similarly projected to increase by 19% to the $46.3 million–$47.1 million range. These figures incorporate the full-year impact of the Platinum Cables acquisition, completed in December 2025, which has already started contributing to the Group’s earnings momentum.

The underlying EBITDA guidance excluding acquisition-related costs stands at $54.5 million–$55.3 million, while excluding Platinum Cables’ performance narrows the range to $50.5 million–$51.3 million, still a solid 10% uplift on FY25. This nuanced breakdown highlights the acquisition’s material contribution to the Group’s growth trajectory.

Revenue Growth Fueled by Core and Acquired Businesses

Revenue is forecast to grow across IPD’s core operations and its subsidiaries, with particularly strong gains in the data centre segment, which is expected to deliver a 25% increase year-on-year. The CMI business, acquired previously by IPD, is set to exceed its pre-acquisition revenue levels, signalling successful integration and synergy realisation. Meanwhile, EX Engineering continues its upward trajectory, contributing to the Group’s diversified revenue base.

This outlook builds on the momentum from the company’s earlier half-year results, which showed an 8.9% revenue increase and strengthened mining sector credentials following the Platinum Cables acquisition, a deal valued at $37.5 million that expanded IPD’s footprint and cross-selling opportunities in mining Platinum Cables acquisition. The acquisition’s strategic fit is evident in the earnings uplift and operational alignment described by management.

Operational Efficiencies Amid Macroeconomic Headwinds

IPD has managed to reduce operating expenses as a percentage of revenue, a notable achievement given the complex macroeconomic environment marked by freight and logistics volatility. This operational discipline positions the Group well to capitalise on growth opportunities while managing costs effectively. Gross profit margins are expected to remain consistent with the first half of FY26, despite the order book shifting towards more complex and competitive projects.

CEO Michael Sainsbury emphasised the Group’s strong balance sheet and readiness to pursue further mergers and acquisitions, underlining confidence in long-term structural growth drivers such as electrification and decarbonisation trends. This strategic positioning echoes the company’s recent financial resilience and sustainability initiatives highlighted in its FY25 results, where revenue surged 22.1% and net profit after tax increased 17% strong FY25 results.

Looking Ahead to Full Year Results and M&A Pipeline

While the guidance is based on unaudited results and management forecasts for the final two months of FY26, IPD’s commentary suggests confidence in delivering on these targets. The company plans to provide a more detailed update at its full year results announcement in August 2026. Investors will be watching closely to see how the acquisition synergies translate into bottom-line gains and whether the Group can sustain its operational efficiencies amid ongoing economic uncertainties.