• All key profit metrics up significantly, underpinned by strong margin expansion
• Further uplift in operating cash flow, with working capital levels now normalised
• Balance sheet further strengthened, with gearing trending below target

IVE Group Ltd reported a strong financial performance in the first half of FY2025, with all key profit metrics increasing significantly compared to the prior corresponding period. Revenue increased by 0.5% to $510.2 million, while underlying revenue (excluding the Lasoo business) grew by 0.4% to $507.8 million. The company's material gross profit margin improved to 48.5%, up from 46.2% in the prior period, reflecting input cost relief and business mix changes. IFRS EBITDA increased by 34.7% to $71.0 million, and underlying EBITDA grew by 12.6% to $74.1 million, driven by the improved margin and operating efficiencies, as well as contributions from the Ovato and JacPak acquisitions. IFRS NPAT more than doubled to $27.1 million, while underlying NPAT increased by 29.1% to $29.3 million. The company's balance sheet was further strengthened, with net debt reducing to $121.4 million, down from $131.0 million at the end of FY2024. The company also declared a fully franked interim dividend of 9.5 cents per share, unchanged from the prior period.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics or guidance.

The company did not provide any forward-looking outlook statements.