IBEX Ltd
For the period ended Nov 5, 2026. Filed Nov 5, 2026.
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Nov 5, 2026 · Filed Nov 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: interest income, severance costs, impairment losses, gains or losses on asset disposals, gains or losses on lease terminations, foreign currency gains and losses, and stock-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) | 2026 | 2025 |
| Net income | $14,777 | $12,042 |
| Net income margin | 8.4% | 8.0% |
| Interest expense | 199 | 217 |
| Income tax expense | 3,486 | 1,470 |
| Depreciation and amortization | 4,871 | 4,378 |
| EBITDA | $23,333 | $18,107 |
| Severance costs | — | 159 |
| Interest income | (171) | (30) |
| Foreign currency gains | (908) | (1,320) |
| Stock-based compensation expense | 2,937 | 2,550 |
| Adjusted EBITDA | $25,191 | $19,466 |
| Adjusted EBITDA margin | 14.4% | 12.9% |
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