IODM (IOD) H2 2026 earnings summary

Executive summary

• Achieved strong commercial validation and operational momentum in FY2026, laying the groundwork for global expansion and improved unit economics as the UK education platform scaled.

• FY2026 established the foundations for the next phase of growth, particularly in North America and Europe, with a focus on disciplined execution and maximizing shareholder value through targeted growth pillars for FY2027.

Financial highlights

• Revenue reached A$3.22 million, up 16.6% year-over-year.

• Cash receipts grew to A$3.43 million, a 29.1% increase year-over-year, outpacing revenue growth.

• UK education revenue was A$2.47 million, up 27.6% year-over-year and representing 77% of group revenue.

• Net loss after tax (NPAT) narrowed to A$2.56 million, a 12.9% improvement year-over-year.

Outlook and guidance

• FY2027 priorities include growing UK & Europe, delivering the US rollout, improving cash generation, and progressing toward profitability.

• Revenue from North America expected to commence in October 2026, with initial access to 283 universities and a rollout cadence of ~5 universities per month.

• Enhanced commercial terms and proven market validation position FY2027 for stronger growth.