Form 8-K

8-K — IBEX Ltd

Accession: 0001720420-26-000010

Filed: 2026-05-06

Period: 2026-05-06

CIK: 0001720420

SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ibex-20260506.htm (Primary)

EX-99.1 (ibex-20260506exx991.htm)

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8-K

8-K (Primary)

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ibex-20260506

FALSE000172042000017204202026-05-062026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________________________________

FORM 8-K

____________________________________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 6, 2026

____________________________________________________________

IBEX Limited

(Exact name of registrant as specified in its charter)

____________________________________________________________

Bermuda 001-38442 00-0000000

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

1717 Pennsylvania Avenue NW, Suite 825

Washington, District of Columbia 20006

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (202) 580-6200

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered

Common shares, par value of $0.000111650536 IBEX Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02. Results of Operations and Financial Condition.

On May 6, 2026, IBEX Limited issued a press release announcing its financial results for its third fiscal quarter ended March 31, 2026.

A copy of the May 6, 2026 press release is attached hereto as Exhibit 99.1 to this current report on Form 8-K.

The information in this Item 2.02, including the exhibits attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

EXHIBIT INDEX

Exhibit No. Description

99.1 Press release announcing financial results for the third fiscal quarter ended March 31, 2026,

dated May 6, 2026

104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

IBEX LIMITED

(Registrant)

Date: May 6, 2026

/s/ Taylor Greenwald

(Signature)

Name: Taylor Greenwald

Title: Chief Financial Officer

EX-99.1

Filename: ibex-20260506exx991.htm · Sequence: 2

Document

Exhibit 99.1

IBEX Reports Record Quarterly Revenue and EPS, Raises Fiscal Year Guidance

•Record Revenue, Adjusted EBITDA, EPS, and Adjusted EPS

•Revenue grew 17% versus prior year quarter, fifth consecutive quarter of double-digit growth

•Diluted EPS grew 22% versus prior year quarter to $0.89, and adjusted EPS grew 11% to $0.91

•Raises Fiscal Year Revenue and Adjusted EBITDA Guidance

•Strategic partnership announced with Sierra AI

WASHINGTON, DC— May 6, 2026 —IBEX Limited (“ibex”) (Nasdaq: IBEX), a global leader in outsourced business services and AI-powered customer experience solutions, today announced financial results for its third fiscal quarter ended March 31, 2026.

Three Months Ended March 31, Nine Months Ended March 31,

($ millions, except per share amounts) 2026 2025 Change 2026 2025 Change

Revenue $ 164.4 $ 140.7 16.8 % $ 479.8 $ 411.1 16.7 %

Net income $ 13.3 $ 10.5 27.3 % $ 37.6 $ 27.3 37.8 %

Net income margin 8.1 % 7.4 % 70 bps 7.8 % 6.6 % 120 bps

Adjusted net income (1) $ 13.6 $ 11.8 15.2 % $ 39.5 $ 30.4 29.8 %

Adjusted net income margin (1) 8.3 % 8.4 % (10) bps 8.2 % 7.4 % 80 bps

Adjusted EBITDA (1) $ 22.0 $ 19.4 13.6 % $ 62.2 $ 51.5 20.7 %

Adjusted EBITDA margin (1) 13.4 % 13.8 % (40) bps 13.0 % 12.5 % 50 bps

Earnings per share - diluted (2) $ 0.89 $ 0.73 21.9 % $ 2.54 $ 1.70 49.6 %

Adjusted earnings per share - diluted (1,2) $ 0.91 $ 0.82 10.7 % $ 2.67 $ 1.90 40.7 %

(1)See accompanying Exhibits for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure.

(2)The current period percentages are calculated based on exact amounts, and therefore may not recalculate exactly using rounded numbers as presented.

“Ibex delivered another record-breaking quarter with revenue growth of 17% to $164.4 million, our fifth straight double-digit growth quarter, and adjusted EPS growth of 11%, adding to the momentum we’ve amassed over the last two years,” said Bob Dechant, ibex CEO. “Our strong results were again anchored by our two performance pillars: driving new wins with key logos and continued market share gains driven by our ability to deliver the highest levels of operational excellence. Going forward, we will continue to define the new era of BPO 3.0 with a strategy designed to make ourselves even more valuable, more capable, and more essential to existing and new clients alike.”

“To that end, we recently announced a landmark strategic partnership with Sierra.ai, the leading AI-powered customer experience platform. Through this partnership, ibex will integrate Sierra’s market-leading AI technology with our best-in-class CX expertise, tech integration, and deep analytics to design and deploy scalable, end-to-end, AI-powered CX solutions. We are positioned to provide best-in-class service that leverages the strengths of both automated and human-powered support, providing a truly end-to-end orchestration of the customer experience. Since signing this partnership, our sales teams have already seen both the volume and velocity of deal opportunities accelerate with some decisive early wins. We believe this collaboration will be transformative for our business and set ibex truly apart from the rest of our industry.”

Third Quarter Financial Performance

Revenue

•Revenue of $164.4 million, an increase of 16.8% from $140.7 million in the prior year quarter, was driven by broad-based growth across four verticals: HealthTech (+53.7%), Technology (+42.6%), Travel, Transportation and Logistics (+15.1%), and Retail & E-commerce (+8.3%), along with continued growth in the digital acquisition business.

Net Income and Earnings Per Share

•Net income increased to $13.3 million compared to $10.5 million in the prior year quarter. Net income was favorably impacted by revenue growth in our higher margin offshore regions and lower selling, general, and administrative expenses as a percentage of revenue.

•Net income margin increased to 8.1% compared to 7.4% in the prior year quarter.

•Diluted earnings per share increased to $0.89 compared to $0.73 in the prior year quarter.

•Non-GAAP adjusted net income increased to $13.6 million compared to $11.8 million in the prior year quarter (see Exhibit 1 for reconciliation).

•Non-GAAP adjusted diluted earnings per share increased to $0.91 compared to $0.82 in the prior year quarter (see Exhibit 1 for reconciliation).

Non-GAAP Adjusted EBITDA

•Adjusted EBITDA increased to $22.0 million compared to $19.4 million in the prior year quarter (see Exhibit 2 for reconciliation).

•Adjusted EBITDA margin was 13.4% compared to 13.8% in the prior year quarter (see Exhibit 2 for reconciliation).

Cash Flow and Balance Sheet

•Capital expenditures were $5.3 million, consistent with the prior year quarter.

•Cash flow from operating activities was $11.9 million compared to $8.8 million in the prior year quarter.

•Free cash flow was $6.6 million compared to $3.6 million in the prior year quarter (see Exhibit 3 for reconciliation).

•During the quarter, we repurchased 140,300 shares for $4.5 million.

•Net cash was $14.0 million, compared to net cash of $13.7 million as of June 30, 2025 (see Exhibit 4 for reconciliation).

Third Quarter Review and Fiscal 2026 Business Outlook

“Our strong financial results in fiscal year 2026 are being driven by our differentiated strategy and sustainable growth trends with our clients, giving us confidence in continued outperformance heading into fiscal year 2027. Our third quarter revenue was again led by meaningful growth in our higher margin services and vertical markets, particularly our robust growth in HealthTech. This combination of drivers led to a record quarterly adjusted EBITDA of $22.0 million,” said Taylor Greenwald, CFO of ibex.

“As we enter the fourth quarter, our healthy balance sheet and cash flows are enabling us to make thoughtful investments to support increased capacity for anticipated growth as well as to further extend our current AI leadership position. Reflective of our outstanding performance thus far and our forward momentum, we are raising our revenue and adjusted EBITDA guidance for the third time this year.”

Fiscal Year 2026 Guidance

• Revenue is expected to be in the range of $638 to $642 million, up from $620 to $630 million.

•Adjusted EBITDA is expected to be in the range of $82 to $84 million, up from $80 to $82 million.

•Capital expenditures are now expected to be in the range of $25 to $30 million, up from our previous range of $20 to $25 million, as a result of ongoing investment to meet increased demand in higher margin regions.

Conference Call and Webcast Information

IBEX Limited will host a conference call and live webcast to discuss its third quarter of fiscal year 2026 financial results at 4:30 p.m. Eastern Time today, May 6, 2026. We will also post to this section of our website the earning slides, which will accompany our conference call and live webcast, and encourage you to review the information that we make available on our website.

Live and archived webcasts can be accessed at: https://investors.ibex.co/.

Financial Information

This announcement does not contain sufficient information to constitute an interim financial report as defined in Financial Accounting Standards ASC 270, “Interim Reporting.” The financial information in this press release has not been audited.

Non-GAAP Financial Measures

We present non-GAAP financial measures because we believe that they and other similar measures are widely used by certain investors, securities analysts and other interested parties as supplemental measures of performance and liquidity. We also use these measures internally to establish forecasts, budgets and operational goals to manage and monitor our business, as well as evaluate our underlying historical performance, as we believe that these non-GAAP financial measures provide a more helpful depiction of our performance of the business by encompassing only relevant and manageable events, enabling us to evaluate and plan more effectively for the future. The non-GAAP financial measures may not be comparable to other similarly titled measures of other companies, have limitations as analytical tools, and should not be considered in isolation or as a substitute for analysis of our operating results as reported in accordance with accounting principles generally accepted in the United States (“GAAP”). Non-GAAP financial measures and ratios are not measurements of our performance, financial condition or liquidity under GAAP and should not be considered as alternatives to operating profit or net income / (loss) or as alternatives to cash flow from operating, investing or financing activities for the period, or any other performance measures, derived in accordance with GAAP.

ibex is not providing a quantitative reconciliation of forward-looking non-GAAP adjusted EBITDA to the most directly comparable GAAP measure because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable effort. These items include, but are not limited to, non-recurring expenses, foreign currency gains and losses, and stock-based compensation expense. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period.

About ibex

ibex is a global leader in outsourced business services and AI-powered customer experience solutions, enabling the world’s best brands to deliver truly differentiated experiences for their customers. Leveraging a global team of more than 36,000 human CX experts – powered by the best AI technology, decades of CX innovation, and deep business insights – ibex engineers seamless, end-to-end customer journeys from AI agents to human agents at scale across retail, e-commerce, healthcare, fintech, utilities, technology, logistics, and more. Discover more at ibex.co and connect with us on LinkedIn.

Forward Looking Statements

In addition to historical information, this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” “forecast,” or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook and guidance, and our strategies, priorities and business plans. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could impact our actual results include: our ability to attract new business and retain

key clients; our profitability based on our utilization, pricing and managing costs; the potential for our clients or potential clients to consolidate; our clients deciding to enter into or further expand their insourcing activities and current trends toward outsourcing services may reverse; general economic uncertainty in global markets and unfavorable economic conditions, including inflation, rising interest rates, recession, foreign exchange fluctuations and supply-chain issues; our ability to manage our international operations, particularly in the Philippines, Jamaica, Pakistan and Nicaragua; natural events, health epidemics, global geopolitical conditions, including developing or ongoing conflicts, widespread civil unrest, terrorist attacks and other attacks of violence involving any of the countries in which we or our clients operate; our ability to anticipate, develop and implement information technology solutions that keep pace with evolving industry standards and changing client demands, including the effective adoption of Artificial Intelligence into our offerings; our ability to recruit, engage, motivate, manage and retain our global workforce; our ability to comply with applicable laws and regulations, including those regarding privacy, data protection and information security, employment and anti-corruption; the effect of cyberattacks or cybersecurity vulnerabilities on our information technology systems; the impact of tax matters, including new legislation and actions by taxing authorities; and other factors discussed in the “Risk Factors” described in our periodic reports filed with the U.S. Securities and Exchange Commission (“SEC”), including our annual reports on Form 10-K, quarterly reports on Form 10-Q, and past filings on Form 20-F, and any other risk factors we include in subsequent filings with the SEC. Because of these uncertainties, you should not make any investment decisions based on our estimates and forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.

IR Contact: ir@ibex.co

Media Contact: Daniel Burris, VP, Marketing and Communication, ibex, daniel.burris@ibex.co

IBEX LIMITED AND SUBSIDIARIES

Consolidated Balance Sheets

(Unaudited)

(in thousands)

March 31,

2026 June 30,

2025

Assets

Current assets

Cash and cash equivalents $ 15,409 $ 15,350

Accounts receivable, net 129,154 117,136

Prepaid expenses 16,889 9,443

Due from related parties — 40

Tax advances and receivables 2,057 1,522

Other current assets 1,921 2,128

Total current assets 165,430 145,619

Non-current assets

Property and equipment, net 42,799 32,563

Operating lease assets 54,054 62,276

Goodwill 11,832 11,832

Deferred tax asset, net 7,953 7,163

Other non-current assets 15,179 13,762

Total non-current assets 131,817 127,596

Total assets $ 297,247 $ 273,215

Liabilities and stockholders' equity

Current liabilities

Accounts payable and accrued liabilities $ 21,467 $ 18,692

Accrued payroll and employee-related liabilities 38,193 38,588

Current deferred revenue 6,830 5,498

Current operating lease liabilities 14,596 14,332

Current debt 819 823

Due to related parties — 22

Income taxes payable 2,890 1,986

Total current liabilities 84,795 79,941

Non-current liabilities

Non-current deferred revenue 1,832 1,130

Non-current operating lease liabilities 45,038 53,804

Long-term debt 572 796

Other non-current liabilities 4,227 3,235

Total non-current liabilities 51,669 58,965

Total liabilities 136,464 138,906

Stockholders' equity

Common shares 2 1

Treasury stock (113,446) (103,338)

Additional paid-in capital 224,225 218,241

Accumulated other comprehensive loss (13,323) (6,336)

Retained earnings 63,325 25,741

Total stockholders' equity 160,783 134,309

Total liabilities and stockholders' equity $ 297,247 $ 273,215

IBEX LIMITED AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income

(Unaudited)

(in thousands, except per share data)

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

Revenue $ 164,407 $ 140,736 $ 479,807 $ 411,135

Cost of services (exclusive of depreciation and amortization presented separately below) 115,614 96,017 338,820 284,820

Selling, general and administrative 27,467 27,061 81,547 78,982

Depreciation and amortization 5,170 4,329 14,298 12,984

Total operating expenses 148,251 127,407 434,665 376,786

Income from operations 16,156 13,329 45,142 34,349

Interest income 62 32 151 926

Interest expense (249) (404) (714) (1,186)

Income before income taxes 15,969 12,957 44,579 34,089

Provision for income tax expense (2,644) (2,488) (6,995) (6,821)

Net income $ 13,325 $ 10,469 $ 37,584 $ 27,268

Other comprehensive income

Foreign currency translation adjustments $ (1,123) $ 374 $ (2,704) $ 851

Unrealized (loss) / gain on cash flow hedging instruments, net of tax (1,679) 385 (4,283) 571

Total other comprehensive (loss) / income (2,802) 759 (6,987) 1,422

Total comprehensive income $ 10,523 $ 11,228 $ 30,597 $ 28,690

Net income per share

Basic $ 0.99 $ 0.79 $ 2.80 $ 1.80

Diluted $ 0.89 $ 0.73 $ 2.54 $ 1.70

Weighted average common shares outstanding

Basic 13,454 13,264 13,427 15,109

Diluted 14,994 14,404 14,780 16,135

IBEX LIMITED AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(Unaudited)

(in thousands)

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net income $ 13,325 $ 10,469 $ 37,584 $ 27,268

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 5,170 4,329 14,298 12,984

Noncash lease expense 3,394 3,611 10,319 10,020

Deferred income tax 642 (942) (790) (1,709)

Stock-based compensation expense 788 1,601 4,452 3,506

Allowance for expected credit losses 88 105 313 428

Change in assets and liabilities:

Decrease / (increase) in accounts receivable 1,222 455 (12,354) (22,050)

Increase / (decrease) in prepaid expenses and other current assets (8,167) 1,405 (10,373) 392

Increase / (decrease) in accounts payable and accrued liabilities 312 (6,120) (545) (3,042)

Decrease / (increase) in deferred revenue (1,331) (1,262) 2,034 1,203

Decrease in operating lease liabilities (3,579) (4,823) (10,760) (11,269)

Net cash inflow from operating activities 11,864 8,828 34,178 17,731

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property and equipment (5,273) (5,267) (24,644) (13,216)

Net cash outflow from investing activities (5,273) (5,267) (24,644) (13,216)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from line of credit 24,600 60,150 35,600 69,310

Repayments of line of credit (24,600) (48,550) (35,600) (50,210)

Proceeds from the exercise of options 466 2,809 3,814 3,534

Taxes paid related to net share settlement of equity awards (2,261) — (2,302) —

Principal payments on finance leases (284) (286) (833) (639)

Purchase of treasury shares (4,580) (25,052) (10,133) (76,421)

Net cash outflow from financing activities (6,659) (10,929) (9,454) (54,426)

Effects of exchange rate difference on cash and cash equivalents 17 139 (21) 168

Net (decrease) / increase in cash and cash equivalents (51) (7,229) 59 (49,743)

Cash and cash equivalents, beginning 15,460 20,206 15,350 62,720

Cash and cash equivalents, ending $ 15,409 $ 12,977 $ 15,409 $ 12,977

IBEX LIMITED AND SUBSIDIARIES

Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

EXHIBIT 1: Adjusted net income, adjusted net income margin, and adjusted earnings per share

We define adjusted net income as net income before the effect of the following items: severance costs, foreign currency gains and losses, and stock-based compensation expense, net of the tax impact of such adjustments. We define adjusted net income margin as adjusted net income divided by revenue. We define adjusted earnings per share as adjusted net income divided by weighted average diluted shares outstanding.

The following table provides a reconciliation of net income to adjusted net income, net income margin to adjusted net income margin, and diluted earnings per share to adjusted earnings per share for the periods presented:

Three Months Ended March 31, Nine Months Ended March 31,

($000s, except per share amounts) 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 %

Severance costs 814 — 973 —

Foreign currency (gain) / loss (913) 121 (2,678) 666

Stock-based compensation expense 788 1,601 4,452 3,506

Total adjustments $ 689 $ 1,722 $ 2,747 $ 4,172

Tax impact of adjustments1 (437) (404) (829) (1,006)

Adjusted net income $ 13,577 $ 11,787 $ 39,502 $ 30,434

Adjusted net income margin 8.3 % 8.4 % 8.2 % 7.4 %

Diluted earnings per share $ 0.89 $ 0.73 $ 2.54 $ 1.70

Per share impact of adjustments to net income 0.02 0.09 0.13 0.20

Adjusted earnings per share $ 0.91 $ 0.82 $ 2.67 $ 1.90

Weighted average diluted shares outstanding 14,994 14,404 14,780 16,135

1The tax impact of each adjustment is calculated using the effective tax rate in the relevant jurisdictions.

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, 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 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 %

EXHIBIT 3: Free cash flow

We define free cash flow as net cash provided by operating activities less capital expenditures.

Three Months Ended March 31, Nine Months Ended March 31,

($000s) 2026 2025 2026 2025

Net cash provided by operating activities $ 11,864 $ 8,828 $ 34,178 $ 17,731

Less: capital expenditures 5,273 5,267 24,644 13,216

Free cash flow $ 6,591 $ 3,561 $ 9,534 $ 4,515

EXHIBIT 4: Net cash

We define net cash as total cash and cash equivalents less debt.

March 31, June 30,

($000s) 2026 2025

Cash and cash equivalents $ 15,409 $ 15,350

Debt

Current $ 819 $ 823

Non-current 572 796

Total debt $ 1,391 $ 1,619

Net cash $ 14,018 $ 13,731

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Code for the postal or zip code

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No definition available.

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- Definition

Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 7A

-Section B

-Subsection 2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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-Publisher SEC

-Name Exchange Act

-Number 240

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-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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