IPH Limited (ASX:IPH) Reports Strong Half-Year Financial Performance
Financial Performance
IPH Limited reported revenue of $341.6 million for the half-year ended 31 December 2024, marking a 24.9% increase from $273.5 million in the previous period. Profit after tax attributable to members surged by 77.6% to $37.3 million compared to $21.0 million in the prior half-year.
Corporate Actions
The company declared an ordinary interim dividend of 17.0 cents per share, with a payment date set for 21 March 2025. Additionally, IPH Limited commenced a share buyback program, acquiring and cancelling 2,070,144 shares at prices ranging from $4.81 to $5.14.
Acquisitions and Capital Raising
During the period, IPH Limited completed the acquisition of Bereskin and Parr for $89.8 million and raised $125 million through a share placement and share purchase plan. The capital raised was utilized to fund the acquisition, repay debt, and reduce gearing.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended IPH Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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