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IBEX Limited

IBEX Technology Information Technology Services

IBEX Limited’s revenue for fiscal 2026 (year ended June 2026) was $644.1 million, up 15.4% from fiscal 2025.

Revenue
+15.9%
EPS
+23.3%
Free cash flow
+14.1%
Total debt
+5.15%

Quarter to September 2026, against a year earlier

49.60 6.60 +15.35%
Market cap
$573.8M
P/E
13.6×
Fwd P/E
7.8×
Dividend yield
—
F-score
8/9
Altman Z
5.12
Beneish M
−2.58
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 5.90
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 — — 4 1 — — 10 — —
Insider Ownership 19.50%

Capital & Financial Ratios $m

Size
Market Cap 573.80
Revenue ttm 668.12
Net income ttm 49.07
Free cash flow ttm 32.32
Net debt Q (35.04)
Valuation
P/E 13.55
Forward P/E 7.75
Price / sales 0.99
Forward P/S Powerpack
Price / FCF 21.42
Price / book 3.64
Financial health
Current ratio Q 2.03 (at or above 1.5: strong)
Debt / equity Q 0.01 (at or below 0.5: strong)
Interest coverage Q 91.91
Growth
Revenue growth Q +15.91% (above 0%: growing)
Operating income growth Q +33.52% (above 0%: growing)
EPS, this year +5.11%
EPS, next year A +10.41%
Revenue, next year A +10.59% (at or above 10%: strong)
EPS, past 5 yrs +83.61% (at or above 15%: strong)
EPS, next 5 yrs A +14.24%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.6×; over the ten years it ranged from 0.4× in 2024 to 1.1× in 2023.
P/E against its own 10 years 72.35%
10-year low 10-year high
P/S against its own 10 years 98.85%
10-year low 10-year high
P/B against its own 10 years 73.07%
10-year low 10-year high
EV/Sales against its own 10 years 93.38%
10-year low 10-year high
EV/FCF against its own 10 years 74.08%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 63 15 33 37
Receivables 108 119 130 —
Inventory — — — —
Other 2 2 2 2
180 146 180 197
2024 2025 2026 Q'26
Payables 17 19 23 29
ST’ Debt 1 1 1 1
Other — — — —
71 80 86 97

Compound Annual Growth %

10y 5y 3y
Sales 7.12% 7.74% 7.18%
Cash Flow 34.51% 17.90% 12.12%
Earnings 35.24% 74.70% 13.63%
Book Value 26.59% 16.11% 4.32%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY24 Estimate 0.51 Actual 0.44

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY23 0.37 0.59 Beat by 0.22
Q4 FY23 0.49 0.33 Miss by 0.16
Q1 FY24 0.38 0.40 Beat by 0.02
Q2 FY24 0.51 0.44 Miss by 0.07

EPS $

Sep Dec Mar Jun Year
’26 0.99 — — — —
’26 0.82 0.83 0.89 0.59 3.13
’25 0.43 0.57 0.73 0.66 2.36
’24 0.39 0.33 0.57 0.56 1.84
’23 0.35 0.49 0.61 0.24 1.67
’22 0.16 0.45 0.35 0.18 1.23
’21 (0.21) 0.13 (0.01) 0.21 0.15
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 175 — — — —
’26 151 164 164 164 644
’25 130 141 141 147 558
’24 125 133 127 125 509
’23 128 139 132 124 523
’22 109 132 129 123 493
’21 109 117 109 109 444
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 16 — — — —
’26 16 7 12 25 59
’25 8 1 9 28 46
’24 9 (2) 11 17 36
’23 6 5 14 17 42
’22 7 3 12 18 40
’21 6 4 14 2 26
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 9 — — — —
’26 8 (5) 7 22 31
’25 4 (3) 4 23 27
’24 7 (5) 10 15 27
’23 2 (3) 9 14 23
’22 2 (8) 6 14 13
’21 3 (2) 8 (3) 5
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 335 342 368 405 444 493 523 509 558 644 668 +7.5% 712 760 — +8.7%
Gross margin, % 17.44 11.88 100.00 100.00 100.00 24.12 28.32 29.89 30.91 29.17 29.42 +11.7 pt
EBT (9) (21) (1) 10 5 19 40 41 46 54 59 n/m
EBT margin, % (2.61) (6.10) (0.25) 2.49 1.07 3.93 7.71 8.06 8.23 8.43 8.84 +11.0 pt
Net income 0 (21) 0 10 5 21 32 34 37 46 49 n/m
Per share, $
Per share, $ Revenue 18.91 19.34 384.93 344.50 25.14 27.03 28.74 28.73 38.03 48.02 50.17 +10.9%
Earnings (0.44) (0.90) 11.46 6.61 0.16 1.26 1.74 1.90 2.51 3.45 3.66 n/m
Cash flow 0.38 (0.32) 2.30 43.98 1.47 2.19 2.30 2.03 3.11 4.40 4.48 +31.4%
Capex 0.00 0.00 (6.32) (4.48) (1.18) (1.49) (1.04) (0.50) (1.25) (2.07) (2.05) n/m
Free cash flow 0.38 (0.32) (4.02) 39.50 0.29 0.70 1.26 1.53 1.86 2.33 2.43 +22.5%
Book value 1.62 1.58 9.02 13.73 4.57 6.22 8.24 9.37 9.15 12.69 13.63 +25.7%
Shares, m 18 18 1 1 18 18 18 18 15 13 13 (3.0%)
Valuation, ×
Valuation, × P/E 3.58 3.58 3.58 3.58 143.00 14.33 12.06 8.36 11.32 8.80 13.55 21.2
P/S 0.71 0.71 0.71 0.71 0.78 0.62 0.74 0.56 0.77 0.63 0.99 0.7
P/B 17.81 17.81 17.81 17.81 4.27 2.71 2.58 1.70 3.18 2.39 3.64 8.8
EV/Sales 0.73 0.73 0.73 0.73 0.71 0.56 0.63 0.44 0.74 0.58 0.94 0.7
EV/FCF 6.39 6.39 6.39 6.39 62.12 21.42 15.40 8.66 16.02 12.67 20.28 16.2
Cash, $m
Cash, $m Operating cash flow 7 (6) 2 52 26 40 42 36 46 59 60 +27.5%
Capex (10) (6) (6) (5) (21) (27) (19) (9) (18) (28) (27) +12.1%
Free cash flow 7 (6) (4) 46 5 13 23 27 27 31 32 +18.7%
Balance, $m
Balance, $m Working capital (14) (37) (30) (20) 36 45 85 109 66 94 100 n/m
Net debt 37 49 40 9 (29) (33) (56) (61) (14) (31) (35) n/m
Shareholders’ equity 29 28 9 16 81 113 150 166 134 170 182 +21.9%
Returns, %
Returns, % ROA (11.22) (10.75) 0.00 4.05 1.21 7.55 10.75 11.46 13.00 15.91 15.92 +27.1 pt
ROIC 0.00 0.00 8.72 47.76 16.80 16.04 27.04 23.56 24.16 24.66 25.41 +24.7 pt
ROE (34.63) (56.03) 59.95 62.72 5.88 22.11 23.98 21.32 24.57 30.43 30.18 +65.1 pt
People
People Employees — — 22,537 22,976 24,243 29,987 29,863 30,000 33,000 35,000 — +6.5%
Revenue/emp, $m 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

IBEX Limited vs peers in Information Technology Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KEEL Keel Infrastructure Corp $1.0B — (loss-making) — (loss-making) −50.04% (below 0%: shrinking) n/m −772.56% (below 0%: shrinking) (285.09%) (462.62%) Compare
NABL N-able, Inc. $929.4M — (loss-making) 64.8× +4.36% (above 0%: growing) n/m −19.43% (below 0%: shrinking) 74.86% 11.20% Compare
VNET VNET Group, Inc. - Unsponsored ADR $880.6M — (loss-making) — (loss-making) +20.52% (above 0%: growing) n/m +17.45% (above 0%: growing) 18.18% 8.25% Compare
TASK TaskUs, Inc. $841.7M 8.1× 8.7× +5.37% (above 0%: growing) −17.14% (below 0%: shrinking) −47.51% (below 0%: shrinking) 34.59% 11.60% Compare
SHAZ SharonAI Holdings Inc. $700.3M — (loss-making) — (loss-making) +494.09% (above 0%: growing) n/m −64,884.87% (below 0%: shrinking) 60.56% (1,283.22%) Compare
IBEX IBEX Limited $573.8M 13.6× 7.8× +15.91% (above 0%: growing) +23.33% (above 0%: growing) +14.07% (above 0%: growing) 30.40% 10.44%
WYFI WhiteFiber, Inc. $353.2M — (loss-making) — (loss-making) +54.53% (above 0%: growing) n/m −5.87% (below 0%: shrinking) 59.40% (32.09%) Compare
VRRM VERRA MOBILITY CORP $352.7M 8.9× 14.2× −1.17% (below 0%: shrinking) −8.38% (below 0%: shrinking) +82.60% (above 0%: growing) 52.51% 25.32% Compare
HCKT The Hackett Group, Inc. $330.4M 19.1× 14.4× −4.54% (below 0%: shrinking) +59.00% (above 0%: growing) −115.01% (below 0%: shrinking) 39.70% 10.73% Compare
Median of peers $771.0M 8.9× 14.3× +4.87% −8.38% −33.47% 46.11% 9.49%

All 81 Information Technology Services stocks →

IBEX Limited (IBEX) Latest News

6 Nov

Impact 4 · · The Motley Fool transcript
Impact 4 · · GuruFocus.com
Impact 3 · · The Motley Fool
Impact 3 · · MarketBeat

5 Nov

Impact 3 · · GlobeNewswire

29 Oct

Impact 4 · · GlobeNewswire

22 Oct

Impact 3 · · GlobeNewswire

24 Sep

Impact 3 · · GlobeNewswire

13 Sep

Impact 4 ·

11 Sep

Impact 4 ·
Impact 3 · · The Motley Fool

10 Sep

Impact 4 · · Moby transcript
Impact 4 ·
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat

2 Sep

Impact 3 ·

13 May

Impact 4 · · GlobeNewswire

6 May

Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · GlobeNewswire
Impact 3 · · The Motley Fool transcript

5 May

Impact 4 · · GlobeNewswire

8 Apr

Impact 4 · · GlobeNewswire

20 Mar

Impact 4 · · MarketBeat

6 Feb

Impact 4 · · GuruFocus.com transcript

5 Feb

Impact 4 · · MarketBeat transcript
Impact 4 · · GlobeNewswire

28 Jan

Impact 3 · · GlobeNewswire

27 Jan

Impact 4 · · Simply Wall St.

22 Jan

Impact 3 · · GlobeNewswireBarchartBarchart
stockrow.com/IBEX · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com