IVE Raises FY25 NPAT to $52M, Targets 15%+ EBITDA Margin by 2030

Upgraded FY25 Guidance Signals Confidence

IVE Group has revised its underlying net profit after tax (NPAT) guidance for FY25 upwards to around $52 million, up from the previous range of $47 million to $50 million. This upgrade reflects further margin expansion, although revenue in the second half of FY25 is expected to be slightly lower, consistent with first-half trends. The company continues to exclude expected losses from its Lasoo eCommerce platform and restructuring costs from this guidance.

Maintaining an annual dividend of 18 cents per share and an ongoing on-market buyback program, IVE signals a disciplined capital management approach. The company’s net debt is forecast to remain comfortably below its internal benchmark, supporting financial flexibility.

Strategic Vision, Diversification and Sustainable Growth

Looking beyond FY25, IVE has laid out an ambitious vision to become Australia’s leading integrated marketing solutions provider by 2030. The company targets $1.25 billion in revenue, with EBITDA margins exceeding 15%, and aims for consistent earnings per share growth of 3-5% annually. This growth will be driven by a diversified portfolio spanning print, packaging, third-party logistics (3PL), brand activations, merchandise and apparel, customer experience and data services, and its proprietary Lasoo eCommerce platform.

IVE’s strategy balances protecting its stronghold in traditional print and distribution markets with accelerated expansion into scalable, capital-light segments. Investments in packaging and 3PL facilities, including a new purpose-built 33,000 square meter logistics center in Dandenong South and a Sydney Supersite to streamline operations, are key pillars of this growth plan.

Harnessing Technology and Sustainability

Central to IVE’s future is leveraging AI and digital transformation to deliver hyper-personalised, omnichannel marketing experiences. The company’s CX & Data division is focused on embedding AI-driven insights and automation to enhance customer engagement, while its Creative, Content & Integrated Solutions unit is expanding digital and performance marketing capabilities.

Sustainability is also a core theme, with IVE investing in eco-conscious packaging solutions and sustainable apparel programs. The packaging business aims to capture a growing share of Australia’s $800 million sustainable packaging market, while merchandise and apparel divisions focus on ethical sourcing and circular economy initiatives.

Operational Efficiencies and Market Leadership

IVE’s new Sydney Supersite is designed to consolidate multiple business units, reduce overheads, and improve speed to market, positioning the company for operational leverage and future expansion. The company’s print and distribution segment remains a market leader with a 92% share in retail catalogues and a 35% share in commercial print, underpinning stable revenue streams.

Meanwhile, the Lasoo platform continues to scale rapidly, targeting $150 million in gross transaction value by 2030 and aiming for profitability by FY28. This capital-light, dropship model complements IVE’s broader omnichannel offering and positions the company well in the growing Australian eCommerce market.

Investor Takeaway

IVE Group’s FY25 guidance upgrade and comprehensive 2030 growth strategy reflect a company confident in its ability to navigate a rapidly evolving marketing landscape. By combining traditional strengths with innovation in digital, logistics, and sustainability, IVE is setting a course for diversified, long-term shareholder value.