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topicnews · September 12, 2024

IBEX announces record fourth quarter and fiscal year 2024 results

IBEX announces record fourth quarter and fiscal year 2024 results

  • Record annual net income, earnings per share, adjusted net income, adjusted earnings per share and free cash flow
  • 18 new customer relationships, mainly with companies in the retail, healthcare and gaming sectors, compared to 10 in the previous year
  • Repurchased 1.3 million shares at a total price of $21.7 million in the 2024 financial year, which
    7.8% of our outstanding shares at June 30, 2024

WASHINGTON, Sept. 12, 2024 (GLOBE NEWSWIRE) — IBEX Limited (“ibex”), a leading provider of global business process outsourcing and end-to-end customer engagement technology solutions, today announced financial results for its fourth quarter and fiscal year ended June 30, 2024.

(Millions of US dollars, except per share amounts)

Three months to end
30 June 		Twelve months ended
30 June
2024 2023 Change 2024 2023 Change

revenue

$

124.5

$

124.4

0.1

%

$

508.6

$

523.1

(2.8) %

Net income

$

9.8

$

4.5

118.3

%

$

33.7

$

31.6

6.6

%

Net profit margin

7.9

%

3.6

%

430bps

6.6

%

6.0

%

60 basis points

Adjusted net income (1)

$

10.2

$

6.2

63.7

%

$

38.4

$

36.9

3.8

%

Adjusted net profit margin (1)

8.2

%

5.0

%

320bps

7.5

%

7.1

%

40 basis points

Adjusted EBITDA (1)

$

17.9

$

15.4

16.1

%

$

65.2

$

66.6

(2.1) %

Adjusted EBITDA margin (1)

14.4

%

12.4

%

200bps

12.8

%

12.7

%

10 basis points

Earnings per share – diluted

$

0.56

$

0.24

133.3

%

$

1.84

$

1.67

10.2

%

Adjusted earnings per share – diluted (1)

$

0.58

$

0.33

75.8

%

$

2.10

$

1.96

7.1

%

(1)The attached exhibits provide a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure.


“We delivered record results across key financial metrics, including annual net income, earnings per share, adjusted annual net income, adjusted earnings per share and free cash flow, and had a strong fourth quarter that exceeded our expectations,” said Bob Dechant, CEO of ibex. “Our fourth quarter revenues were encouraging and we are pleased to report that we returned to annualized growth,” said Dechant.

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