IDOX (IDOX) Trading Update summary

Group trading performance

• Revenue grew to approximately £45.0m for HY25, up from £43.1m in HY24, reflecting continued positive momentum.

• Recurring revenue increased by about 9%, partially offset by lower non-recurring revenue as anticipated.

• Adjusted EBITDA rose over 6% to around £13.9m, aligning with Board expectations.

• Order intake climbed by roughly 9% to £59.0m, with notable wins in the Assets division and geospatial data solutions.

• Net cash position improved to £0.2m at period end, a significant shift from £9.9m net debt at October 2024.

Strategic and operational highlights

• Completed the acquisition of Plianz post-period, enhancing the Social Care offering and public sector software capabilities.

• M&A pipeline remains active, supporting plans to expand the specialist software and geospatial data portfolio.

• Management expresses confidence in continued profitable growth and strong positioning for the remainder of 2025.

Outlook and upcoming events

• Positive momentum and strong cash performance underpin confidence for growth in the rest of 2025.

• FY25 H1 results will be reported on 12 June 2025, with a management webinar scheduled for the same day.