IVE Group Powers Ahead with Logistics Expansion and E-Commerce Growth

• Strong FY25 profit growth and margin expansion
• 3PL logistics capacity increased with new Melbourne and Sydney supersites
• Lasoo e-commerce platform surpasses $100,000 daily sales
• Acquisitions of Impressu and Budget Mail Services broaden service offerings
• FY26 trading softer than expected but margins improve; steady dividend guidance

Robust Financial Performance in FY25

IVE Group Limited delivered a strong financial performance for the fiscal year 2025, marked by significant profit growth and notable margin expansion. The company reported solid operating cash flow and a strengthened balance sheet, with gearing well below target levels. These results reflect the successful realisation of cost synergies from recent acquisitions and operational efficiencies across its business units.

Strategic Logistics Expansion

Central to IVE’s growth story is the expansion of its Third Party Logistics (3PL) operations. The relocation to a new 33,000 square metre purpose-built facility in Dandenong South, Melbourne, has increased storage capacity by 60% for Victorian clients and boosted national capacity by 30%. This supersite consolidates multiple warehouses, driving operational efficiencies and providing modern working conditions.

Similarly, in Sydney, the Kemps Creek supersite is on track for completion by March 2026. This 42,000 square metre facility will co-locate several business units, including Commercial Print & Packaging and Brand Activations, enhancing synergies and proximity to key transport hubs. These logistics investments underpin IVE’s strategy to expand into adjacent markets such as packaging, supporting revenue growth and operational scale.

Lasoo Platform Accelerates E-Commerce Growth

IVE’s e-commerce platform, Lasoo, continues to gain momentum, now generating over $100,000 in daily sales and fulfilling more than 12,000 orders monthly across Australia. The platform’s unique digital catalogue and exclusive deals have driven strong retailer and consumer engagement, with repeat customer sales growing at twice the overall platform rate. Lasoo remains on track to break even by 2028, highlighting its potential as a scalable, capital-light growth engine within IVE’s portfolio.

Acquisitions and Long-Term Partnerships

In November 2025, IVE acquired Impressu, a Brisbane-based print and marketing business owned by Domino’s Pizza Enterprises (DPE), for $13.5 million. This acquisition is expected to contribute approximately $30 million in annual revenue and $4.5 million in EBITDA, alongside a long-term marketing services agreement with DPE valued at over $80 million across six years. Additionally, IVE acquired Budget Mail Services, a smaller Sydney-based mail and communications firm, further diversifying its service offerings.

FY26 Outlook and Market Conditions

While FY26 trading has started softer than anticipated, particularly in retail and media sectors impacting catalogue revenues, IVE has partially offset this with improved margins. The company maintains its capital expenditure plans and expects the annual dividend to remain steady at 18 cents per share. Underlying net profit after tax (NPAT) guidance is now at the lower end of the previously advised $50 million to $54 million range, factoring in a non-cash accounting adjustment related to new long-term property leases.

Overall, IVE Group’s FY25 results and strategic initiatives position it well for continued growth, though the softer start to FY26 signals a cautious market environment ahead.

Bottom Line?

IVE’s strategic logistics expansions and e-commerce growth set the stage for resilience amid a softer FY26 start.

Questions in the middle?

• How will Lasoo’s path to profitability evolve amid competitive e-commerce pressures?
• What impact will the integration of Impressu and Budget Mail Services have on IVE’s margins?
• Can the new logistics supersites deliver sustained operational efficiencies and support future growth?