FORM 10-Q (Mark One)xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended December31, 2025 or IBEX LIMITED (Exact name of registrant as specified in its charter)_______________________ (202) 580-6200(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes o No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct. o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yes xNo The number of common shares outstanding of IBEX LIMITED as of January30, 2026 was 13,405,520. PART I.FINANCIAL INFORMATION Item 1.Financial Statements CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q ("Form 10-Q") contains forward-looking statements, within the meaning of Section 27A of theSecurities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the"Exchange Act"), and the Private Securities Litigation Reform Act of 1995, relating to our operations, expected financial position,and other business matters that are based on our current expectations, assumptions, and projections with respect to the future,and are not a guarantee of performance. Forward-looking statements provide management’s current expectations of future eventsbased on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements may include words such as "anticipate," "believe," "contemplate," "estimate," "expect," "forecast," "guidance," •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 outsourcingservices may reverse;•General economic uncertainty in global markets and unfavorable global economic conditions, including inflation, risinginterest 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, geopolitical conditions, including developing or ongoing conflicts, widespread civilunrest, 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, including Artificial Intelligence ("AI"), thatkeep pace with evolving industry standards and changing client demands;•Our ability to recruit, engage, motivate, manage and retain our global workforce; We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon manydetailed assumptions. We caution that it is very difficult to predict the impact of known factors, and it is impossible for us toanticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially fromour expectations, or cautionary statements, are disclosed under Part I, Item 1A. Risk Factors in our Annual Report on Form 10-Kfor the fiscal year ended June30, 2025. All written and oral forward-looking statements attributable to us, or persons acting on our We caution you that the important factors referenced above may not contain all of the factors that are important to you. In addition,we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, thatthey will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included IBEX LIMITED AND SUBSIDIARIESConsolidated Balance Sheets(Unaudited) IBEX LIMITED AND SUBSIDIARIESConsolidated Statem