IBEX Ltd
For the period ended Feb 5, 2026. Filed Feb 5, 2026.
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Feb 5, 2026 · Filed Feb 5, 2026
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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 December 31, | Six Months Ended December 31, | |||
|---|---|---|---|---|
| ($000s) | 2025 | 2024 | 2025 | 2024 |
| Net income | $12,217 | $9,268 | $24,259 | $16,799 |
| Net income margin | 7.4% | 6.6% | 7.7% | 6.2% |
| Interest expense | 248 | 620 | 465 | 782 |
| Income tax expense | 2,881 | 2,351 | 4,351 | 4,333 |
| Depreciation and amortization | 4,750 | 4,286 | 9,128 | 8,655 |
| EBITDA | $20,096 | $16,525 | $38,203 | $30,569 |
| Severance costs | — | — | 159 | — |
| Interest income | (59) | (311) | (89) | (894) |
| Foreign currency (gain) / loss | (445) | (912) | (1,765) | 545 |
| Stock-based compensation expense | 1,114 | 1,235 | 3,664 | 1,905 |
| Adjusted EBITDA | $20,706 | $16,537 | $40,172 | $32,125 |
| Adjusted EBITDA margin | 12.6% | 11.8% | 12.7% | 11.9% |
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