IBEX Ltd
For the period ended Jun 30, 2025. Filed Sep 11, 2025.
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FY2025 · Filed Sep 11, 2025
IBEX$52.23+3.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended June 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $36,864 | $33,655 | $31,582 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 17,232 | 19,461 | 18,985 |
| Noncash lease expense | 13,378 | 13,205 | 14,456 |
| Warrant contra revenue | — | 1,183 | 1,090 |
| Deferred income tax | (2,877) | 344 | 4,529 |
| Stock-based compensation expense | 5,432 | 3,765 | 4,606 |
| Allowance of expected credit losses | 514 | 33 | 295 |
| Impairment losses | 1,429 | 1,532 | — |
| Loss on lease terminations | — | — | 251 |
| Gain on sale of subsidiaries | — | — | (246) |
| Change in assets and liabilities: | |||
| Increase in accounts receivable | (19,262) | (12,068) | (12,297) |
| Decrease / (increase) in prepaid expenses and other current assets | 361 | (7,517) | 1,467 |
| Increase / (decrease) in accounts payable and accrued liabilities | 6,248 | (2,246) | (3,753) |
| Increase / (decrease) in deferred revenue | 752 | (1,919) | (4,797) |
| Decrease in operating lease liabilities | (14,403) | (13,528) | (14,309) |
| Net cash inflow from operating activities | 45,668 | 35,900 | 41,859 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of property and equipment | (18,375) | (8,855) | (18,952) |
| Cash outflow from sale of subsidiaries, net of cash received | — | — | (85) |
| Net cash outflow from investing activities | (18,375) | (8,855) | (19,037) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from line of credit | 82,710 | 238 | 43,448 |
| Repayments of line of credit | (82,710) | (291) | (54,597) |
| Repayment of debt | — | — | (3,795) |
| Proceeds from the exercise of options | 4,307 | 366 | 2,053 |
| Principal payments on finance leases | (953) | (490) | (447) |
| Purchase of treasury shares | (78,014) | (21,556) | (276) |
| Net cash outflow from financing activities | (74,660) | (21,733) | (13,614) |
| Effects of exchange rate difference on cash and cash equivalents | (3) | (21) | (610) |
| Net (decrease) / increase in cash and cash equivalents | (47,370) | 5,291 | 8,598 |
| Cash and cash equivalents at beginning of the year | 62,720 | 57,429 | 48,831 |
| Cash and cash equivalents at end of the year | $15,350 | $62,720 | $57,429 |
| Supplemental cash flow disclosures | |||
| Cash paid for interest | $1,634 | $514 | $152 |
| Cash paid for income taxes | $11,952 | $7,688 | $4,283 |
| Supplemental non-cash disclosures | |||
| Change in accounts payable related to fixed assets | $384 | $(548) | $(621) |
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