IODM (IOD) H1 2025 earnings summary

Executive summary

• Net loss after tax for the half-year ended 31 December 2024 was $1,225,147, slightly improved from a $1,233,655 loss in the prior corresponding period.

• Revenue increased 60.5% year-over-year to $1,345,333, with UK Education revenue up 110% to $936,272.

• Expansion continued in the UK, North America, and France, with 12 universities onboarded, up from 5 in the prior period.

• A revised revenue sharing agreement with Convera for UK Education became operational, providing a guaranteed minimum monthly revenue and a 50% increase in minimum annualised revenue to $A1.79m.

• New business development and sales leadership appointments in the UK, US, and Australia are expected to drive further growth.

Financial highlights

• Revenue for the half-year was $1,345,333, up from $838,316 year-over-year.

• Net loss after tax was $1,225,147, compared to $1,233,655 in the prior year.

• Basic and diluted loss per share improved to (0.20) cents from (0.21) cents.

• Net cash outflow from operating activities was $1,504,114, compared to $890,292 in the prior year.

• Cash and cash equivalents at period end were $461,121, up from $282,712 at 30 June 2024.

Outlook and guidance

• The company expects continued revenue growth in 2H25, driven by additional university onboardings and expanded business development teams.

• Management believes the group will reach the next minimum revenue threshold of GBP100k per month in 2H25.

• Directors remain confident in the ability to raise additional funds if required, but do not anticipate this will be necessary.