IVE Group Signals Strong Growth Path to 2030 at AGM

IVE Group used its Annual General Meeting in Sydney today to underline a year of strong financial performance, operational expansion and long-term strategic ambition, with Chairman James Todd presenting an upbeat assessment of the business as it moves toward its 2030 targets.

Todd told shareholders the company delivered “another strong outcome” in FY25, highlighted by a 21.1% lift in underlying net profit after tax to $52.1 million, driven by operating margin improvements, disciplined cost management and the continued realisation of Ovato and JacPak synergies.

The Board maintained its 18.0 cents per share full-year dividend and continued its on-market share buyback program, which has already seen around 1.1% of issued capital cancelled at an average price of $2.52, with $5.7 million in remaining capacity.

Operational expansion and strategic execution

Key operational priorities during FY25 included:

• expanding further into fibre-based packaging and progressing development of the proposed Kemps Creek packaging facility
• increasing national 3PL capability with the move to a significantly larger Dandenong South site
• progressing a Sydney supersite to consolidate operations and unlock efficiencies
• strengthening the Lasoo retail media platform
• continuing advancement of the Group’s sustainability program

Revenue and net profit have almost trebled since IVE’s 2015 ASX listing—growth Todd attributed to the strategic broadening of the Group’s offering across marketing, communications, packaging and e-commerce services.

Strategic outlook: ‘Now to 2030’

Todd said investors responded positively to the Group’s June strategy session, where IVE outlined its “Now to 2030” framework targeting $1.2–$1.3 billion in revenue. The plan details how IVE intends to leverage shifting market dynamics across print, packaging, logistics, data-driven marketing and retail media.

Governance and board renewal

The Chairman acknowledged significant governance developments, including the formal separation of chair and executive responsibilities following the passing of former Executive Chair Geoff Selig. Matt Aitken now serves as Group CEO and Managing Director, with Paul Selig transitioning to a Non-executive Director role.

Todd confirmed an upcoming Board effectiveness review ahead of a refresh planned for FY27, and highlighted new minimum shareholding requirements for directors, KMP and senior executives, alongside the introduction of an Employee Salary Sacrifice Share Plan.

A year of consolidation ahead

With earnings having stepped up materially, Todd noted FY26 will serve as a consolidation year as the Group positions itself for the next phase of its 2030 growth trajectory. The strong balance sheet continues to provide capacity for selective acquisitions.

To reinforce the Group’s long-term direction, Todd told shareholders: “Given the recent step change in earnings, the 2026 financial year is likely to be a year of consolidation as we transition into the next phase of the Group’s growth trajectory consistent with our 2030 strategic ambition.”
— James Todd, Chairman, IVE Group

Closing acknowledgements Todd ended the AGM by thanking IVE’s leadership, staff, directors, customers and shareholders for their ongoing support: “IVE Group enters its next phase from a position of strength,” he said.