Financial results for the Year Ending 30 June 2024
IVE Group Limited is pleased to announce its financial results for the year ended 30 June 2024 (FY24).
Excluding non-operating items, the Group's underlying result was consistent with guidance with all key profit metrics up on a strong prior corresponding period (pcp).
Key underlying financial performance indicators for the year include:
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Revenue $969.9m, up 0.3% from $967.4m pcp
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Material gross profit margin, 46.7% up from 45.1% pcp
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EBITDA $127.8m, up 7.5% from $119.0m pcp
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NPAT $43.0m, up 8.4% from $39.7m pcp, impacted by higher net finance costs
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EPS (NPAT) 28.0¢ps, up 5.8% from 26.4¢ps pcp
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EPS (NPATA) 30.2¢ps, up 6.1% from 28.5¢ps pcp
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Operating cash conversion to EBITDA 114.0%, up from 65.7% pcp
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Net debt $131.0m, up modestly from $124.2m at 30 June 2023, primarily reflecting funding of the JacPak acquisition ($28m) largely offset by the strong increase in operating cash flow
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Stable fully franked final dividend of 8.5¢ps (FY24 dividend of 18.0¢ps, stable on pcp)
For more information, download the attached PDF.
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