IBEX Ltd (NAS:IBEX)

Q2 2026 Ibex Ltd Earnings Call Transcript

Feb 5, 2026 / 09:30 PM GMT

Release Date Price: $34.21 (-0.75%)

Transcript 10-Q8-K

Key Points

Positve

IBEX Ltd (IBEX) reported a 17% increase in headline revenue and a 46% growth in adjusted EPS for Q2 2026.
The company achieved its fourth consecutive quarter of double-digit organic revenue growth, outperforming competitors in the BPO market.
Significant client wins in the health tech and fintech sectors contributed to the company's growth, with health tech on track to reach $100 million by the end of the fiscal year.
IBEX Ltd (IBEX) expanded its operations into India, establishing two sites with nearly 1,000 agents, enhancing its service offerings for healthcare clients.
The company's AI capabilities, particularly the WaveX AI solution, are recognized as industry-leading, contributing to operational efficiency and client satisfaction.

Negative

The telecommunications vertical experienced a decline of 23.1%, marking it as one of the smallest and shrinking sectors for IBEX Ltd (IBEX).
Gross margins decreased year over year, although operating expenses as a percentage of revenue improved.
The company faces headwinds from deferred training revenue, as training costs are expensed immediately while revenue is recognized over time.
IBEX Ltd (IBEX) is still in the early stages of its expansion into India, which is currently impacting margins as investments continue.
Capital expenditures increased significantly to $11.7 million, or 7.1% of revenue, driven by expansion needs, impacting free cash flow.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IBEX.OQ - Ibex Ltd
Q2 2026 Ibex Ltd Earnings Call
Feb 05, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the IBEC second quarter FY 2026 earnings conference call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question-and-answer session. To ask a question, please press 11 on your telephone and wait for your name to be announced. To withdraw your question, please press 11 again. To note, there is an accompanying earnings presentation available on the IBE Investor relations website at investors.ibex.co. I will now turn this conference over to Greg Bradbury, investor relations for IBE.

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Unidentified_2 [2]
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