IBEX Ltd
For the period ended Nov 6, 2025. Filed Nov 6, 2025.
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Nov 6, 2025 · Filed Nov 6, 2025
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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: severance costs, interest income, foreign currency gains and losses, andstock-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 September 30, | ||
|---|---|---|
| ($000s) | 2025 | 2024 |
| Net income | $12,042 | $7,531 |
| Net income margin | 8.0% | 5.8% |
| Interest expense | 217 | 162 |
| Income tax expense | 1,470 | 1,982 |
| Depreciation and amortization | 4,378 | 4,369 |
| EBITDA | $18,107 | $14,044 |
| Severance costs | 159 | — |
| Interest income | (30) | (583) |
| Foreign currency (gain) / loss | (1,320) | 1,457 |
| Stock-based compensation expense | 2,550 | 670 |
| Adjusted EBITDA | $19,466 | $15,588 |
| Adjusted EBITDA margin | 12.9% | 12.0% |
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