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ive ASX RELEASE - IVE GROUP LIMITED ( ASX : IGL ) 24 November , 2021 Trading update for the 4 months to 31 October 2021 and outlook IVE Group Limited ABN 62 606 252 644 Level 3 35 Clarence Street Sydney NSW 2000 P + 61 2 9089 8550 ivegroup.com.au IVE Group Limited ( ASX : IGL ) is pleased to provide an update on recent trading conditions and current outlook . Trading update for the 4 months to 31 October 2021 There has been strong revenue recovery and momentum across the business with revenue up 9 % over pcp ' EBITDA² & NPAT³3 up 32 % and 75 % respectively on pcp , demonstrating heightened operating leverage across the business as highlighted in FY21 full year results Cash on hand at 31 October 2021 of $ 42m ( post repaying $ 50m in senior debt facility in August 2021 ) Net Debt at 31 October 2021 of $ 89.7m Supply chain : opportunities and challenges Post COVID global supply chain disruption has a dual effect : We continue to benefit from clients " onshoring " work previously produced offshore to guarantee supply Paper prices have moved to the top end of their long term historical range driven by tightening supply , increases in pulp costs and well documented increases in global energy prices and shipping costs . Our expectation is that this level of pricing will continue throughout 2022 . These price movements primarily impact our web offset printing division . In response we have moved quickly to shore up supply and believe it is prudent to increase our paper inventory holdings as foreshadowed at the time of our full year results in August of this year . IVE has long term strong relationships with all major international paper suppliers . 1 Revenue , EBITDA and NPAT normalised for Telefundraising business which was divested on 31 October 2020 2 EBITDA on a pre AASB16 basis 3 EBITDA and NPAT exclude FY21 JobKeeper receipts