IVE Group FY26 slides: margins expand despite revenue softness

IVE Group Limited (ASX: IGL) reported its FY26 financial results on August 26, 2026, showing disciplined performance that surpassed expectations despite a 1.8% year-over-year revenue decline to $937.4 million. The company's margins expanded significantly, with gross profit margin increasing to 51.4% from 49.3%, marking a 210 basis point improvement.

EBITDA margin surged to 15.6% from 14.3%, driven by operational efficiency, strategic acquisitions, and facility consolidation efforts. Net profit after tax grew 3.0% to $52.5 million, resulting in earnings per share of 34.2 cents, up 3.7% year-over-year. IVE completed two major projects during the year: the Kemps Creek Sydney supersite and a new 3PL facility in Dandenong South.

Additionally, the company made strategic acquisitions, including Impressu and Daily Press, aligning with its diversification strategy. Digital initiatives, particularly the Lasoo retail media platform, demonstrated strong growth, with 362 live retailers, 5.2 million unique users, and a gross transaction value of $25 million. The company remains on track to break even for Lasoo by FY28.