IODM (IOD) investor relations material

Executive summary

• UK Education delivered record September revenue of A$375,908, up 79.9% YoY; Q1 FY27 UK revenue was A$827,469, up 21% YoY.

• Six universities entered implementation across the UK and Europe, and 15 US universities began implementation with TransferMate.

• Quarter-end cash was A$747,000, with reported funding runway of 1.2 quarters and a focus on disciplined execution and liquidity management.

Financial highlights

• UK Education September revenue reached A$375,908, 79.9% above September 2025 and 18.6% above the prior monthly record from October 2025.

• September revenue included A$216,814 from established universities and A$159,094 from new universities.

• Q1 FY27 customer cash receipts were A$765,000 vs A$850,000 in Q1 FY26 and A$803,000 in the preceding quarter; September settlements fell in October.

• Net cash used in operating activities was A$611,000; cash at quarter end was A$747,000.

Outlook and guidance

• October is traditionally the largest revenue month, with related revenue expected to flow into November cash receipts; the next five months are expected to include the strongest seasonal trading period.

• September invoices of A$375,907 and an R&D tax incentive expected at A$500,000 were anticipated after quarter end, with the grant expected in Q2.

• Priorities include completing implementations, supporting the Northern Hemisphere collection period, growing adoption within existing universities, advancing the US rollout and improving operating leverage.