IBEX Ltd
For the period ended Feb 6, 2025. Filed Feb 6, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Feb 6, 2025 · Filed Feb 6, 2025
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · EXHIBIT 2: EBITDA, adjusted EBITDA, and adjusted EBITDA margin
EXHIBIT 2: EBITDA, adjusted EBITDA, and adjusted EBITDA margin
EBITDA is a non-GAAP profitability measure that represents net income before the effect of the following items: interest expense, income tax expense, and depreciation and amortization. Adjusted EBITDA is a non-GAAP profitability measure that represents EBITDA before the effect of the following items: interest income, warrant contra revenue, foreign currency gain / loss, andshare-based compensation expense. Adjusted EBITDA margin is a non-GAAP profitability measure that represents adjusted EBITDA divided by revenue.
The following table provides a reconciliation of net income to EBITDA and adjusted EBITDA and net income margin to adjusted EBITDA margin for the periods presented:
| Three Months Ended December 31, | Six Months Ended December 31, | |||
|---|---|---|---|---|
| ($000s) | 2024 | 2023 | 2024 | 2023 |
| Net income | $9,268 | $6,075 | $16,799 | $13,500 |
| Net income margin | 6.6% | 4.6% | 6.2% | 5.2% |
| Interest expense | 620 | 111 | 782 | 215 |
| Income tax expense | 2,351 | 1,273 | 4,333 | 2,661 |
| Depreciation and amortization | 4,286 | 4,946 | 8,655 | 9,988 |
| EBITDA | $16,525 | $12,405 | $30,569 | $26,364 |
| Interest income | (311) | (512) | (894) | (1,098) |
| Warrant contra revenue | — | 307 | — | 594 |
| Foreign currency (gain) / loss | (912) | 697 | 545 | (100) |
| Share-based compensation expense | 1,235 | 1,427 | 1,905 | 2,275 |
| Adjusted EBITDA | $16,537 | $14,324 | $32,125 | $28,035 |
| Adjusted EBITDA margin | 11.8% | 10.8% | 11.9% | 10.9% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.