IBEX Ltd
For the period ended May 6, 2026. Filed May 6, 2026.
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May 6, 2026 · Filed May 6, 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 March 31, | Nine Months Ended March 31, | |||
|---|---|---|---|---|
| ($000s) | 2026 | 2025 | 2026 | 2025 |
| Net income | $13,325 | $10,469 | $37,584 | $27,268 |
| Net income margin | 8.1% | 7.4% | 7.8% | 6.6% |
| Interest expense | 249 | 404 | 714 | 1,186 |
| Income tax expense | 2,644 | 2,488 | 6,995 | 6,821 |
| Depreciation and amortization | 5,170 | 4,329 | 14,298 | 12,984 |
| EBITDA | $21,388 | $17,690 | $59,591 | $48,259 |
| Severance costs | 814 | — | 973 | — |
| Interest income | (62) | (32) | (151) | (926) |
| Foreign currency (gain) / loss | (913) | 121 | (2,678) | 666 |
| Stock-based compensation expense | 788 | 1,601 | 4,452 | 3,506 |
| Adjusted EBITDA | $22,015 | $19,380 | $62,187 | $51,505 |
| Adjusted EBITDA margin | 13.4% | 13.8% | 13.0% | 12.5% |
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