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IPH Ltd.
(Sydney:IPH)
IPH Ltd. (IPH) vs. iShares MSCI Australia ETF (EWA)
IPH Ltd. Business Overview & Revenue Model
IPH Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 706.20M | 706.20M | 605.60M | 482.87M | 374.33M | 359.68M |
| Gross Profit | 706.20M | 706.20M | 389.80M | 315.77M | 250.92M | 243.29M |
| EBITDA | 189.00M | 187.10M | 179.60M | 159.16M | 115.99M | 113.33M |
| Net Income | 68.80M | 68.80M | 60.80M | 64.54M | 52.56M | 53.60M |
Balance Sheet | ||||||
| Total Assets | 1.35B | 1.35B | 1.31B | 1.20B | 688.42M | 674.69M |
| Cash, Cash Equivalents and Short-Term Investments | 59.00M | 59.00M | 75.50M | 103.27M | 88.40M | 71.15M |
| Total Debt | 469.70M | 469.70M | 491.80M | 441.29M | 161.22M | 159.39M |
| Total Liabilities | 651.10M | 651.10M | 679.10M | 619.50M | 258.71M | 247.90M |
| Stockholders Equity | 699.40M | 699.40M | 634.30M | 577.13M | 429.71M | 426.79M |
Cash Flow | ||||||
| Free Cash Flow | 128.00M | 125.80M | 120.90M | 84.90M | 87.69M | 86.47M |
| Operating Cash Flow | 133.70M | 133.70M | 131.90M | 91.79M | 94.88M | 92.65M |
| Investing Cash Flow | -70.40M | -70.40M | -140.60M | -281.56M | -12.18M | -10.84M |
| Financing Cash Flow | -83.10M | -83.10M | -11.30M | 199.46M | -68.68M | -93.55M |
IPH Ltd. Technical Analysis
IPH Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$1.24B | 14.97 | 31.30% | 5.54% | 11.64% | 18.08% | |
76 Outperform | AU$184.34M | 20.60 | 8.06% | 4.11% | 27.05% | 520.93% | |
68 Neutral | AU$896.51M | 13.35 | 10.32% | 10.58% | 16.61% | 3.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | AU$376.23M | 110.00 | 13.37% | 0.10% | 24.47% | 21.28% |
IPH Ltd. Corporate Events
IPH Ltd. announced a change in the director’s interest, with Vicki Anne Carter acquiring additional shares through an on-market trade. This change reflects an increase in Carter’s indirect interest in the company, potentially indicating confidence in the company’s future performance and strategic direction.
IPH Limited has announced the cessation of Jingmin Qian as a director, effective November 20, 2025. The announcement details Qian’s interests in the company, which include holding 25,695 fully paid ordinary shares. This change in directorship may impact the company’s governance structure and could have implications for its strategic direction.
IPH Limited’s 2025 Annual General Meeting concluded with all resolutions passed by poll, including the re-election of directors and approval of security issues under the equity incentive plan. Although a ‘second strike’ on the FY25 Remuneration Report was avoided, a conditional spill resolution was considered but ultimately not enacted. This outcome reflects stability in IPH’s governance and operational strategies, reinforcing its position in the intellectual property services industry.
IPH Limited reported a challenging FY25 with a Statutory Net Profit After Tax of $68.8 million, up from $60.8 million the previous year, and an Underlying EBITDA increase of 6.0% to $207.2 million, primarily due to acquisitions in Canada. Despite a decline in share price, the company is addressing market challenges by diversifying revenue sources, enhancing business development, and implementing cost efficiencies. The company declared a final dividend of 19.5 cents per share, reflecting a 4% increase from the prior year. The disruptions in the Canadian Intellectual Property Office have started to abate, and IPH is focusing on expanding into additional jurisdictions and improving operational efficiencies to enhance shareholder returns.
IPH Limited announced the withdrawal of Resolution 5(b) from its upcoming Annual General Meeting, which pertained to granting performance rights to CEO Dr. Andrew Blattman as part of a long-term incentive. This decision follows Dr. Blattman’s planned retirement in the latter half of 2026. The withdrawal does not impact the validity of other resolutions or votes already submitted for the AGM, including a separate resolution for short-term incentives for Dr. Blattman.
IPH Limited announced the upcoming retirement of Dr. Andrew Blattman as Managing Director and CEO in the second half of 2026. The company will begin a formal search for his successor, considering both internal and external candidates. Under Dr. Blattman’s leadership, IPH has significantly expanded its presence in Asia and entered the Canadian market through strategic acquisitions. His tenure has been marked by transformative growth, positioning IPH for continued success. The Board expressed confidence in the company’s strategy and management team to ensure a smooth leadership transition.
IPH Limited has announced a change in the director’s interest notice concerning Peter Hastings Warne. The notice details an off-market transfer of 45,495 fully paid ordinary shares held by Specialist Nominees Pty Ltd as custodian for Warne, to P&F Investments Pty Limited as trustee for the Warne Family Trust, with no change in beneficial ownership. This administrative update does not impact the company’s operations or market positioning.
IPH Limited has announced its Annual General Meeting, scheduled for November 20, 2025, at 10:30 am AEDT, to be held physically in Sydney and accessible via webcast. This meeting is a significant event for stakeholders, offering insights into the company’s strategic direction and operational updates.
IPH Limited has announced the cessation of certain securities, specifically 690,743 performance rights, due to the conditions for these rights not being met or becoming incapable of being satisfied. This development may impact the company’s financial structuring and could have implications for stakeholders, as it reflects on the company’s ability to meet certain performance conditions.
IPH Limited announced the retirement of Jingmin Qian as a Non-Executive Director, effective at the conclusion of the Annual General Meeting on November 20, 2025. Jingmin, who has served since 2019 and chaired the previous Risk Committee, was acknowledged by Chairman Peter Warne for her significant contributions to the company. Her departure marks a notable change in the board’s composition, potentially impacting the company’s governance and strategic direction.
IPH Ltd. has announced that it ceased to be a substantial holder as of September 29, 2025, following various changes in its shareholding structure throughout the year. These changes included share issuances related to business acquisitions, share buy-backs, and the expiration of voluntary escrow arrangements. The announcement reflects IPH Ltd.’s active management of its equity structure, which may impact its market positioning and stakeholder interests.
IPH Limited has announced a change in the director’s interest notice, specifically for Director David Stoddart Wiadrowski. The change involves an acquisition of 1,019 fully paid ordinary shares through a dividend reinvestment plan, bringing the total shares held to 33,019. This update reflects the company’s compliance with ASX listing rules and ensures transparency in director’s shareholding, which is crucial for maintaining investor trust and regulatory adherence.
IPH Limited has announced the quotation of 192,499 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of September 23, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially expand its market presence, which could have implications for its stakeholders and position within the industry.
IPH Limited has announced a change in the interest of its director, Katharine Anne Mason, in the company’s securities. On September 18, 2025, Mason acquired 12,677 fully paid ordinary shares through an on-market trade, valued at $49,440.30. This transaction marks her initial acquisition of shares in the company, as she held no securities prior to this change.
IPH Limited has announced the release of 2,842,488 fully paid ordinary shares from voluntary escrow on 29 September 2025. These shares are related to the acquisition of Ridout & Maybee, completed on 29 September 2023. This release is expected to impact the company’s share liquidity and potentially influence its market position, reflecting strategic moves following the acquisition.
IPH Limited, a company listed on the Australian Securities Exchange, has announced an update regarding its dividend distribution. The update provides the Dividend Reinvestment Plan (DRP) price following the conclusion of the Volume Weighted Average Price (VWAP) calculation period. This announcement pertains to the dividend for the six-month period ending on June 30, 2025, and includes key dates such as the record date on August 29, 2025, and the ex-dividend date on August 28, 2025.
IPH Ltd. has announced the issuance of 8,834 fully paid ordinary securities to be quoted on the Australian Securities Exchange (ASX) as of September 10, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market position, reflecting a proactive approach in leveraging financial instruments to support its growth and operational objectives.