IVE releases strong full year result with key profit metrics up significantly relative to prior year.

Today, IVE (ASX:IGL) announced its financial results for the year ended 30 June 2025 (FY25).

Excluding non-operating items, the Group's underlying result was consistent with guidance with key profit metrics up significantly. 

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Key underlying¹ financial performance indicators for the year include:

• Revenue $954.8m, down 1.6% from $969.9m pcp 
• Material gross profit margin, 49.3% up from 46.7% pcp
• EBITDA $136.7m, up 7.0% from $127.8m pcp
• NPAT $52.1m, up 21.1% from $43.0m pcp
• Operating cash conversion to EBITDA normalised to 101.9% from 114.0% pcp
• Stable fully franked final dividend of 8.5¢ps (FY25 dividend of 18.0¢ps, stable on pcp)    
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^{¹ The underlying results are on a non-IFRS basis, exclude various non-operating items (as reconciled in the Appendix 4E and the Investor Presentation) and are not audited or reviewed.} 

^{² PCP – prior corresponding period representing the 12-month period ending 30 June 2024.}

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Commenting on IVE Group’s FY25 performance, IVE Group’s Managing Director, Matt Aitken said:

“Given the somewhat muted economic landscape including lingering inflation and the uncertainty that surrounded the federal election, I am pleased with the FY25 result which comfortably exceeded the targets set at the beginning of FY25.

The result was underpinned by a further strong uplift in operating margins reflecting strict cost control coupled with the full emergence of Ovato and JacPak cost synergies. Continued strong cash conversion sees the Group well placed to deliver continued growth over the medium term with the balance sheet offering significant capacity for both organic and inorganic growth initiatives.

I’d like to thank our clients and partners for their ongoing support, and in particular our 2,000 staff for all of their contributions to delivering a very strong FY25 result that achieved all key guidance measures provided to the market during the year.”

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The Group’s annual dividend is expected to remain steady at 18.0 cents per share.

Diversification (typically through acquisition) remains a core element of IVE’s growth strategy. Our strong balance sheet supports further acquisition capacity, with the Group actively looking for strategically attractive and accretive acquisitions, particularly in 3PL, Merchandise & Apparel as well as Creative and Content.