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Iress (IRE) investor relations material
Iress H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered a strong first half with improved earnings quality, significant margin expansion, and disciplined execution, supported by business efficiency initiatives and a simpler operating model.
Business efficiency program ahead of plan, delivering $31.5m in annualized savings and strengthening the balance sheet, enabling self-funded investment in product evolution.
Strategic focus shifted to product evolution, embedding AI into product and engineering strategy, and accelerating delivery through a partnership with Thoughtworks.
Updated FY2026 guidance: softer revenue growth (1%-2%) due to lower non-recurring revenue, but higher Cash EBITDA growth (21%-26%) from stronger profitability.
Declared a fully franked interim dividend of 14.0 cents per share, up 27.3% year-over-year, reflecting stronger earnings and financial position.
Financial highlights
Revenue from continuing business up 2.5% year-over-year to $250.0m; recurring revenue up 3.4% and now 95% of total revenue.
Cash EBITDA increased 47.1% year-over-year to $61.1m; margin expanded by over 740 basis points to 24.5%.
Statutory NPAT rose 85% year-over-year to $32.0m; underlying profit after tax up 18.4% to $38.8m.
Operating expenses fell 22.8% year-over-year to $181.4m, driven by efficiency initiatives.
CapEx materially lower in the first half, with full-year CapEx expected to be 20%-25% lower than prior year, but to increase in 2H26 as product investment accelerates.
Outlook and guidance
FY2026 revenue expected at $509–515 million (1%-2% growth), reflecting lower non-recurring revenue.
Cash EBITDA outlook raised to $121–126 million (21%-26% growth); UPAT expected at $84–88 million.
On track to deliver FY2026 cash EBITDA margin exit run rate of 25%.
Additional $6–9m in annualized cost efficiencies targeted for 2H26, with full benefit expected in FY27.
FY26 guidance reflects 6-8% AUD appreciation, impacting reported results; reported revenue expected between $499-505m.
- Profitability up, business simplified, and all resolutions passed with strong shareholder support.IRE
AGM 2026 - FY25 outperformed guidance with robust profit, margin growth, and a strong FY26 outlook.IRE
H2 2025 - EPS up 19.2%, revenue up 6.8%, leverage down to 0.8x, FY25 guidance reaffirmed.IRE
H1 2025 - Adjusted EBITDA up 52%, margin expanded, leverage down to 1.2x, and dividends to resume.IRE
H1 2024 - Strong FY24 results, board renewal, and decisive support for all resolutions.IRE
AGM 2025 - Record results, margin expansion, and strong FY25 growth guidance after transformation.IRE
H2 2024
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