Key Highlights

  • Enero released its FY2026 results, presentation, Appendix 4E and Annual Report on 21 August 2026.
  • IVE reported FY2026 results on 26 August 2026.
  • Motio presented FY2026 results at a webinar on 20 August 2026.
  • The three businesses combine different Revenue models, Capital needs and execution priorities within the consumer sector.

Enero Group (ASX:EGG), IVE Group (ASX:IGL) and Motio (ASX:MXO) approach FY2027 from different operating positions. Their latest company disclosures show how revenue quality, cash conversion and delivery against announced programs matter more than a shared sector label.

Each company is assessed on its own reporting calendar and Business model. The discussion below retains company-reported financial measures and announced plans while separating those facts from assumptions about future outcomes.

Company Business

Enero Group (ASX:EGG)

Enero Group is a Sydney-based Marketing and communications group, ASX-listed since 2004. Following the sale of its majority stake in adtech business OBMedia — announced on 1 July 2025 — Enero operates as a focused three-agency business: BMF, a creative agency; Orchard, a connected-experience and digital agency across Australia, New Zealand and Asia; and Hotwire Global, a technology-focused Public Relations network spanning the US, UK and Europe. Hotwire also houses ROI·DNA, a US performance-marketing business acquired in 2022.

IVE Group (ASX:IGL)

IVE reported FY2026 results on 26 August 2026. Revenue eased 1.8% to A$937.4 million from A$954.8 million; excluding acquisitions, underlying revenue was down about 5.2%. Acquisitions — Budget Mail Services, Impressu and Daily Press — contributed A$32.3 million.

Motio (ASX:MXO)

Motio Limited operates digital place-based Advertising screens in what it describes as trusted, high-dwell environments, with its largest network in medical and health venues such as general practice waiting rooms. It positions itself as a communication platform improving the venue customer experience rather than a conventional outdoor advertising operator, and runs several national audience networks built on previously underutilised venue assets. Adam Cadwallader is managing director; Justin Kingston joined as chief operating officer during the year.

Financial Performance

Enero Group (ASX:EGG)

Enero released its FY2026 results, presentation, Appendix 4E and annual report on 21 August 2026. Net revenue from continuing operations fell 7% to A$129.5 million. EBITDA rose 9% to A$15.3 million, with the group Margin expanding about 160 basis points to 11.8%. Adjusted net profit after tax increased 54% to A$6.4 million. The statutory result was a net loss of A$37.4 million, against a A$4.1 million loss in FY2025, driven by a A$39.8 million non-cash Impairment and intangible write-down relating principally to Goodwill and the ROI·DNA brand.

Segment performance diverged sharply. BMF lifted net revenue 11% to A$38.0 million and EBITDA 27% to a record A$8.8 million, a 23.2% margin. Orchard grew net revenue 9% to A$28.2 million and EBITDA 25% to a record A$6.1 million, a 21.8% margin. Hotwire Global went the other way: net revenue fell 19% to A$63.3 million and EBITDA dropped 33% to A$7.4 million, an 11.6% margin. Geographically, Australia and Asia grew 9% while the United States fell 20% and the United Kingdom and Europe fell 21%; Australia and Asia now generate roughly 69% of group EBITDA.

IVE Group (ASX:IGL)

IVE reported FY2026 results on 26 August 2026. Revenue eased 1.8% to A$937.4 million from A$954.8 million; excluding acquisitions, underlying revenue was down about 5.2%. Acquisitions — Budget Mail Services, Impressu and Daily Press — contributed A$32.3 million.

Margins improved across the board. Material Gross Profit Margin rose to 51.4% from 49.3%, a 210 basis point gain. Underlying EBITDA on a post-AASB 16 basis rose 6.6% to A$145.8 million, lifting the margin to 15.6% from about 14.2%. On a pre-AASB 16 basis, EBITDA rose 2.8% to A$112.6 million and underlying NPAT rose 3.0% to A$52.5 million, with Earnings Per Share up 3.7% to 34.2 cents. Statutory IFRS NPAT fell to A$37.4 million from A$46.7 million, reflecting pre-tax non-operating items of A$20.4 million — A$6.6 million of Lasoo losses and A$14.7 million of restructuring costs.

Motio (ASX:MXO)

Motio presented FY2026 results at a webinar on 20 August 2026. Reported revenue was about A$9.21 million against A$9.38 million in FY2025, a headline decline of roughly 1.8%. On a like-for-like basis — excluding the Motio Go sales representation arrangement that ended on 30 June 2025 — the company reported underlying revenue growth of about 8%.

Profitability improved materially. Cash EBITDA rose 31% to about A$2.53 million. Profit before tax was A$1.62 million, an improvement of roughly A$1.7 million year-on-year, and net profit after tax was A$2.20 million — a figure that exceeds pre-tax profit, reflecting a tax benefit — against a small maiden profit in FY2025. Operating Cash Flow was about A$2.29 million.

Sector Context

The companies serve different parts of the consumer economy, so their revenue and cost structures are not directly interchangeable. Contract duration, recurring income, customer concentration, Capital Expenditure and Acquisition accounting can materially change how headline growth appears in each set of accounts.

A useful comparison therefore starts with the source of revenue and the cash required to support it. Reported guidance remains conditional on management execution, customer activity and the timing of announced projects or integrations.

Risks to Consider

Enero Group (ASX:EGG)

Execution against announced programs, customer concentration and cost control remain the main variables to monitor.

IVE Group (ASX:IGL)

The central risk is structural: catalogues and publishing are in secular decline, and IVE is using acquisitions, logistics, data services and AI-enabled products to replace that revenue faster than it erodes. Higher net Debt after a heavy Investment year also reduces the margin for error.

Motio (ASX:MXO)

The risks are those of scale. Motio is a micro-cap competing for media budgets against far larger out-of-home operators, its revenue base is small enough that a handful of national campaigns moves the result, and its health-venue niche depends on retaining venue partnerships. The Adonix arrangement limits capital risk, but also means Motio does not control the underlying transit network.

What to Watch Next

Enero Group (ASX:EGG)

Ian Ball was promoted to group chief executive on 2 July 2025, having joined as chief operating officer earlier that year and led the OBMedia divestment and the group's refinancing.

There were no divestments during FY2026; the portfolio reshaping happened in FY2025 with the OBMedia sale, and the FY2026 emphasis was operational. The company detailed measurable AI deployment: BMF reported a 36% reduction in image production delivery time and a 93% reduction in complex brief processing time, while Hotwire reported a 50% improvement in brief-to-insight time and threefold revenue growth at its AI Lab across the year. Management said AI-enabled products lifted pitch win rates by around 30%.

IVE Group (ASX:IGL)

For FY2027, management guided to pre-AASB 16 underlying NPAT remaining broadly stable, with acquisition contributions offset by economic headwinds, elevated rents and higher interest expense, while statutory IFRS NPAT is expected to increase materially as non-operating costs fall away. Capital expenditure is expected to normalise at about A$26 million net, and net debt to sit below 1.5 times pre-AASB 16 EBITDA. Speaking to Sharecafe on 7 September 2026, Aitken framed the result as disciplined and consistent with guidance.

The central risk is structural: catalogues and publishing are in secular decline, and IVE is using acquisitions, logistics, data services and AI-enabled products to replace that revenue faster than it erodes. Higher net debt after a heavy investment year also reduces the margin for error.

Motio (ASX:MXO)

Motio's principal strategic move in FY2026 was a capital-light expansion into transit media. In February 2026 the company invested A$300,000 for a 13.33% minority stake in Lorikeet Corporation, parent of transit media network Adonix, together with an exclusive Partnership to sell advertising across the Adonix digital taxitop network and a performance-based Call Option over the remaining Adonix shares. The associated Motio Drive format targeted roughly 150 taxitop-equipped vehicles, with the network expected to reach 100 rooftop units by 22 July 2026.

The health network expanded from 954 locations in December 2025 to 1,057 by June 2026. Revenue is weighted towards national brands, about 77% in a recent ten-week period, with local activity and programmatic making up most of the balance.

How to Read the Current Position

The clearest assessment will come from subsequent company reporting. Revenue should be read alongside margins and cash flow, while acquisition-led growth should be distinguished from organic activity. Guidance and longer-term targets are company objectives rather than assured outcomes.