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IBEX Reports Record Start to Fiscal 2026, Raises Full Year Guidance
Globenewswireยท 2025-11-06 21:05
Core Insights - IBEX Limited reported strong financial results for the first fiscal quarter ended September 30, 2025, with significant revenue and earnings growth, indicating a robust performance in the business process outsourcing (BPO) sector [1][4]. Financial Performance - Revenue reached $151.2 million, a 16.5% increase from $129.7 million in the same quarter of the previous year [2][5]. - Net income rose to $12.0 million, up 59.9% from $7.5 million year-over-year, with a net income margin of 8.0%, an increase of 220 basis points [2][8]. - Adjusted net income was $13.1 million, a 45.4% increase from $9.0 million in the prior year [2][14]. - Adjusted EBITDA increased to $19.5 million, reflecting a 24.9% growth from $15.6 million in the previous year, with an adjusted EBITDA margin of 12.9%, up 90 basis points [2][30]. - Diluted earnings per share (EPS) grew 91.4% to $0.82, while adjusted diluted EPS increased 74.1% to $0.90 [2][7]. Revenue Drivers - The revenue growth was primarily driven by strong performance in key verticals: Retail & E-commerce (+25.0%), HealthTech (+19.5%), and Travel, Transportation, and Logistics (+15.4%) [5][10]. - The company also noted continued growth in its digital acquisition business and a return to growth in the FinTech sector [5]. Operational Highlights - The company achieved record first-quarter metrics in revenue, adjusted EBITDA, EPS, adjusted EPS, and free cash flow, with free cash flow reported at $8 million [7][10]. - The CEO highlighted the company's competitive differentiation in the customer experience (CX) space and the successful deployment of AI Automate Agent solutions [4][10]. Guidance and Outlook - IBEX raised its fiscal year guidance, expecting revenue in the range of $605 to $620 million, up from a previous estimate of $590 to $610 million, and adjusted EBITDA in the range of $78 to $81 million, increased from $75 to $79 million [15][11]. Cash Flow and Balance Sheet - Cash flow from operating activities was $15.7 million, compared to $7.8 million in the prior year, driven by increased revenues and improved working capital management [14][26]. - The company reported net cash of $21.1 million, an increase of $7.4 million from $13.7 million as of June 30, 2025 [14][36].