NASDAQ$IBEX

IBEX Limited · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

IBEX reported record first quarter results with revenue, net income, EPS, and adjusted EBITDA.

IBEX reported a strong start to fiscal year 2025 with record first quarter results. Revenue increased by 4.1%, driven by growth in HealthTech, Retail & E-commerce, and Travel, Transportation and Logistics. Adjusted EPS grew by 29%, adjusted EBITDA grew by 14%, and adjusted net income increased by 19%.

  • Record first quarter revenue, net income, EPS, and adjusted EBITDA were achieved.
  • Adjusted EBITDA margin expanded year-over-year for the ninth out of the last ten quarters.
  • Approximately 282,000 shares were repurchased at a total cost of $4.7 million during the quarter.
  • Revenue growth was driven by key wins from the new logo team and growth within embedded base clients.

Headline financials

Total Revenue

$130M

Previous: $125M+4.1%
EPS

$0.43

Previous: $0.40+7.5%
Net Income Margin

5.8%

No prior period
Adjusted Net Income Margin

7.0%

No prior period
Adjusted EBITDA

$15.6M

Previous: $13.7M+13.8%
Adjusted EBITDA Margin

12.0%

Previous: 11.0%+9.1%
Revenue Growth

4.1%

No prior period
Capital Expenditures

-$3.63M

Previous: -$2.05M-76.9%
Free Cash Flow

$3.9M

Previous: $5.37M-27.4%
Net Income

$7.53M

Previous: $7.43M+1.4%
Operating Income

$9.09M

Previous: $8.33M+9.1%
Gross Profit

-$90M

Previous: -$88.2M-2.1%
Cash & Equivalents

$62.3M

Previous: $62M+0.4%
Total Assets

$306M

Previous: $295M+3.7%
Stock-Based Comp

$670K

Previous: $848K-21.0%

Revenue & EPS history

IBEX · Revenue · Quarterly

$130M

Q1 2025+4.1%vs Q1 2024
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

IBEX expects revenue to be in the range of $515 to $525 million and adjusted EBITDA to be in the range of $67 to $69 million for fiscal year 2025. Capital expenditures for fiscal year 2025 are expected to be in the range of $15 to $20 million.

Tailwinds

  • Revenue is expected to be in the range of $515 to $525 million, raising the lower end of the previous range from $510 million.
  • Adjusted EBITDA is expected to be in the range of $67 to $69 million.
  • Company remains confident in its strategy to drive revenue growth throughout 2025.
  • Company expects to continue to return value to shareholders.
  • Profitability continues to improve.

Headwinds

  • Capital expenditures for fiscal year 2025 are expected to be in the range of $15 to $20 million.
  • General economic uncertainty in global markets and unfavorable economic conditions, including inflation, rising interest rates, recession, foreign exchange fluctuations and supply-chain issues
  • Our ability to manage our international operations, particularly in the Philippines, Jamaica, Pakistan and Nicaragua
  • Natural events, health epidemics, global geopolitical conditions, including developing or ongoing conflicts, widespread civil unrest, terrorist attacks and other attacks of violence involving any of the countries in which we or our clients operate
  • The effect of cyberattacks or cybersecurity vulnerabilities on our information technology systems

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+4.9%

Avg return

Earnings day

+6.5%

Avg return

5 days after

+6.3%

Avg return

30 days after

61%

14 / 23 earnings

Positive

+36.1%

Q4 2020

Best reaction

-27.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.9%+10.2%+6.3%
Q2 2026+2.3%-11.8%-10.8%
Q1 2026-0.6%-0.2%-0.2%
Q3 2025+19.2%+9.2%+16.6%
Q2 2025+10.9%+19.9%+14.3%
Q1 2025-0.8%-1.1%+0.5%
Q4 2024+18.8%+16.1%+17.4%
Q3 2024+2.2%+5.1%+9.5%
Q2 2024-8.7%-13.7%-11.0%
Q1 2024+2.2%+6.4%+5.9%
Q4 2023-27.0%-16.9%-13.6%
Q3 2023+4.8%+15.0%+14.4%
Q2 2023+12.4%+12.4%-0.0%
Q1 2023+12.3%+14.1%+19.2%
Q4 2022+8.8%+11.5%+26.2%
Q3 2022-3.1%+2.6%+3.5%
Q2 2022+25.5%+23.2%+24.2%
Q1 2022-12.5%-12.5%-26.0%
Q4 2021-2.1%-3.9%-8.4%
Q3 2021-5.6%-4.7%-22.0%
Q2 2021+8.6%+6.6%-2.0%
Q1 2021+9.1%+18.9%+23.7%
Q4 2020+36.1%+43.1%+57.4%
Q1 2020
Q2 2020
Q4 2019
Q2 2018
Q1 2018
Q2 2016
Q1 2016

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