Small Caps Watchlist -Earnings IPD Group (IPG)
IPD Group reported record half‐year results for the period ended 31 December 2024 (1H FY25). The Group, which recently expanded its capabilities through acquisitions (EX Engineering on 21 July 2023 and CMI Operations on 31 January 2024), posted significant revenue and earnings improvements despite some pressure on margins from complex orders and a challenging commercial construction environment.