The IPD Group Ltd (ASX: IPG) share price is up 14% after reporting its FY26 result, which was strong.
The company says it’s provider of electrical solutions in energy management and automation, enhancing electrical infrastructure. The company focuses on energy efficiency, automation, and secure connectivity, prioritising the safety and wellbeing of people. It’s aiming to play a pivotal role in the electrification and decarbonisation.
FY26 result
Here are the result highlights for the 12 months to 30 June 2026, excluding Platinum Cables acquisition costs:
- Revenue rose 16.8% to $414.3 million
- Gross profit grew 14% to $138.2 million
- EBITDA (EBITDA explained) rose 19.4% to $55.4 million
- EBIT rose 20.4% to $47.2 million
- Net profit after tax (NPAT) grew 17.9% to $30.9 million
- Earnings per share (EPS) increased 17.4% to $0.297
- Fully franked dividend per share of $0.147, up 16.7%
What happened in the result?
The company reported continued revenue growth across the business, with 11% growth for IPD, 11% for CMI, 35% for EX Engineering. Excluding the Kingsgrove Bus Depot project, Addelec revenue declined 7%.
IPD Group also said data centre revenue growth remains very strong, with growth of 27% to $71.5 million.
To explain why the gross profit declined, the ASX share said that it reflected the evolving mix towards more complex and competitive orders, which allowed the business to deliver double-digit revenue growth and expanded EBITDA, EBIT and net profit margins.
The company completed the Platinum Cables on 31 December 2025. Excluded that acquisition, revenue rose 9.7% to $389.2 million, EBITDA rose 11% to $51.5 million and net profit rose 12.2% to $29.4 million.
IPD Group also reported that its net debt improved to $16.4 million, an improvement from $24.4 million at 31 December 2025 following the acquisition of Platinum Cables.
Outlook for the IPD Group share price
The company said it has entered FY27 with positive momentum after a strong FY26, underpinned by a diversified portfolio of businesses with exposure to growing sectors benefiting from long-term structural tailwinds and ongoing investment.
Management remains focused on executing its strategy and maximising shareholder value through operational excellence, disciplined capital allocation, strategic acquisitions and investment in growth opportunities.
Clearly, the market likes what it saw with that update and the company is growing strongly, both organically and with its acquisition.
This could be one of the ASX growth shares to keep an eye on.
