IPD Group Beats Guidance With Record 1H26 Earnings and Expands in Mining Cables

IPD Group Ltd ( (AU:IPG) ) has issued an announcement.

IPD Group reported record first-half 2026 revenue of $192.7 million, up 8.9% year on year, and an 8.3% rise in underlying NPAT to $14.4 million, with earnings exceeding the top end of prior guidance. Growth was driven by larger projects and strong demand in infrastructure segments, notably a 16% rise in data centre revenue and double-digit gains in power distribution products, even as competitive pressures nudged gross margins down to 33.3%.

Subsidiaries EX Engineering and CMI delivered solid performances, with EX Engineering revenue up 55% on a major oil and gas cable contract and CMI posting higher EBIT and a healthy order book to support second-half momentum. IPD strengthened its balance sheet by securing new debt to fund the acquisition of Platinum Cables, positioning the group to expand its specialised cable offering in mining and resources while maintaining conservative leverage and robust operating cash flow conversion.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

More about IPD Group Ltd

IPD Group Limited is an Australian provider of electrical products, power distribution equipment and related engineering services, with a growing focus on infrastructure sectors such as data centres, industrial and mining, and water and wastewater. Through businesses including EX Engineering and CMI, and with the recent acquisition of Platinum Cables, the group is deepening its presence in hazardous area solutions and high-performance cable supply, particularly for mining and resources customers.

Average Trading Volume: 172,799

Technical Sentiment Signal: Buy

Current Market Cap: A$480.4M

For a thorough assessment of IPG stock, go to TipRanks’ Stock Analysis page.