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ive IVE GROUP ANNOUNCES HALF YEAR RESULTS TO 31 DECEMBER 2020 IVE Group Limited ABN 62 606 252 644 Level 3 35 Clarence Street Sydney NSW 2000 P + 61 2 9089 8550 ivegroup.com.au 25 February 2021 ( Sydney ) : IVE Group Limited ( IVE Group or The Company , ASX : IGL ) is pleased to announce its results for the six months ended 31 December 2020 ( 1H FY21 ) . The strength of IVE's client relationships , flexibility of the cost base , and the Company's capacity to respond to the impacts of COVID - 19 delivered a solid financial performance for the period . Strong free cashflow has resulted in continued high liquidity , a further meaningful reduction in net debt , and the resumption of dividend payments . Previous guidance for the FY21 full year is reaffirmed . Financial performance ' • Revenue $ 340.8m • EBITDA $ 59.2m • NPATA $ 23.0m • Gross profit margin consistent with FY20 full year • Free cash conversion to EBITDA of 119 % • Cash on hand of $ 94.6m at 31 December 2020 • • Net Debt $ 90.1m , a further reduction of $ 47m from 30 June 2020 Earnings per share of 16.0 cents² Interim dividend of 7.0 cents per share , fully franked Evolution of the business structure continued with the divestment of IVE Telefundraising ( formally Pareto Phone ) for cash consideration of $ 16.5m , a net gain on sale of $ 4.2m , with the proceeds used to further strengthen the balance sheet . Following the successful pivot into PPE during FY20 , the ivolve range of PPE was successfully launched in October 2020. The Company has continued to flex and streamline the cost base in response to COVID - 19 to mitigate short - term revenue impacts and to benefit the business on an ongoing basis . 1 Underlying and continuing basis , including Job Keeper and post AASB16 2 Based on underlying NPATA