IVE Group (IGL) H1 2026 earnings summary

Executive summary

• Delivered solid half-year results with margin expansion and strong cash flow, offsetting revenue softness in catalogs and publishing; CX & Data, Creative, and 3PL segments performed well.

• Strategic acquisitions (Impressu, BMS, Daily Press) and site consolidations executed to drive growth and operational efficiency.

• New business wins with major brands, expansion into events and licensing, and Lasoo platform growth support future opportunities.

• Strong operating cash flow conversion (84% of EBITDA) and conservative gearing maintained despite elevated capex and acquisition funding.

Financial highlights

• Revenue of $476.5m (AUD), down 6.2% year-over-year; EBITDA up 1.8% to $75.4m; EBITDA margin rose to 15.8%.

• Underlying NPAT down 3.0% to $28.4m; IFRS NPAT was $24.3m, down 10.2% year-over-year.

• Material gross profit margin improved to 50.7% from 48.5% year-over-year.

• Operating cash conversion to EBITDA at 84%; interim dividend of 9.5¢ per share, fully franked.

• EPS (NPAT) down 2.9% to 18.4¢; DPS stable at 9.5¢.

Outlook and guidance

• CapEx to remain elevated at ~$45m for FY26, normalizing in FY27; net debt expected below 1.5x pre-AASB 16 EBITDA by June 2026.

• Underlying NPAT guidance for FY26 of around $50m (pre-AASB 16: $52.5m), in line with FY25.

• Annual dividend expected steady at 18.0¢ per share for FY26, with payout ratio policy reinstated from FY27.

• Buyback program to be reinstated after regulatory approval.