IODM (IOD) investor relations material

FY26 and Q1 FY27 performance

• FY26 revenue A$3.22m, up 16.6% YoY; cash receipts A$3.43m, up 29.1%; NPAT loss A$2.56m, a 12.9% improvement YoY.

• Q1 FY27 UK revenue A$827,469, up 21% YoY; university accounts increased to 43 from 15 at September 2025.

• September 2026 revenue reached a record A$375,908, up 79.9% YoY and 18.6% above the prior monthly record set in October 2025.

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

UK market and revenue drivers

• Calendar year to 31 August 2026: UK international student visa applications declined 22.4%, while total revenue grew 10.2% and like-for-like student transactions grew 9.4%.

• Like-for-like revenue declined 2.7%, broadly stable amid weaker student conditions and the end of the Convera minimum payment; new universities contributed 13.7% to revenue growth.

• Overall year-on-year revenue growth was 10.2% to 31 August 2026, attributed to customer expansion rather than market tailwinds.

Partner channels and university footprint

• Convera and IODM won two substantial new UK university contracts together, one through competitive tender and one following presentations.

• TransferMate's revenue-share framework expanded in June 2026 to UK and European universities; the US platform agreement covers a 283-university portfolio and uses a one-to-many rollout.

• UK and European expansion terms include a non-exclusive UK model, flexibility to work with multiple payment providers and a 30% revenue share across onboarded universities, versus 25% on the initial cohort.

• At 30 September 2026, 15 universities were established, 7 newly onboarded and 21 in implementation across the UK, Europe and US; total accounts reached 43, up from 15 a year earlier.

• The footprint includes two new UK contracts won with Convera and the first continental European university, in Italy.