---
title: "IVE Group lifts margins and holds dividend despite revenue softness"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276803790.md"
description: "IVE Group Ltd. reported a solid half-year to December 31, 2025, with margins expanding despite a 6.2% revenue decline to $476.5 million. Underlying NPAT fell 3.0% to $28.4 million, but EBITDA rose 1.8% to $75.4 million. The company maintained a fully franked interim dividend of 9.5 cents per share and increased net debt to $172.3 million for acquisitions and capacity expansion. Management reaffirmed its growth strategy, guiding for $50 million in underlying NPAT for FY26 and signaling a return to a 55–65% dividend payout ratio post-FY26. Analyst rating on IGL stock is a Buy with a price target of A$3.25."
datetime: "2026-02-25T00:01:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276803790.md)
  - [en](https://longbridge.com/en/news/276803790.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276803790.md)
---

# IVE Group lifts margins and holds dividend despite revenue softness

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IVE Group Ltd. ( (AU:IGL) ) has issued an update.

IVE Group reported a solid half-year to 31 December 2025, expanding margins despite a 6.2% revenue decline to $476.5 million as softer retail and media demand weighed on its catalogues and publishing operations. Underlying NPAT slipped 3.0% to $28.4 million, but higher material gross profit margins and disciplined cost control lifted EBITDA 1.8% to $75.4 million, while a fully franked interim dividend of 9.5 cents per share was maintained.

The company increased net debt to $172.3 million to fund acquisitions of Impressu, Budget Mail Services and Daily Press and to support packaging capacity expansion, alongside major logistics relocations at Dandenong and Kemps Creek. Management reaffirmed its ‘Now to 2030’ strategy, guiding to around $50 million in underlying NPAT for FY26, planning to resume its on-market share buyback, and signalling a return to a 55–65% earnings-based dividend payout ratio after FY26, underscoring confidence in earnings resilience and future growth.

The most recent analyst rating on (AU:IGL) stock is a Buy with a A$3.25 price target. To see the full list of analyst forecasts on IVE Group Ltd. stock, see the AU:IGL Stock Forecast page.

**More about IVE Group Ltd.**

IVE Group Ltd., listed on the ASX, operates in the marketing, communications and print services sector, with activities spanning catalogues, publishing, packaging and third-party logistics. The company focuses on leveraging its national scale, cost control and strategic acquisitions to support its ‘Now to 2030’ growth strategy amid evolving retail and media markets.

**Average Trading Volume:** 119,717

**Technical Sentiment Signal:** Buy

**Current Market Cap:** A$479.7M

See more insights into IGL stock on TipRanks’ Stock Analysis page.

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