IODM (IOD) Q1 2026 TU earnings summary

Executive summary

• Achieved record cash receipts of A$850k in Q1 FY26, up 76% year-over-year, driven primarily by UK Education segment performance.

• UK Education cash receipts rose 116% to A$630k, with 16 universities onboarded and strong cross-selling of new student portal features.

• Integration with TransferMate completed in North America, with positive engagement and a finalized go-to-market strategy.

• Australian sales team focused on tier one enterprise clients, with onboarding agreements expected in Q2 FY26.

• Japan market engagement ongoing following a new revenue share agreement.

Financial highlights

• Q1 FY26 cash receipts: A$850k, up from A$482k in Q1 FY25.

• Net operational cash outflow reduced by 31% to A$733k compared to A$1,062k in the prior year period.

• UK Education revenue for Q1 FY26: A$667k, up 210% year-over-year.

• Cash and cash equivalents at quarter end: A$1,198k.

Outlook and guidance

• Q2 FY26 expected to be strong due to the academic year start in the UK, typically the busiest period for student payments.

• R&D tax incentive of A$682k received in Q2, supporting liquidity.

• Directors plan to maintain low cash liquidity levels over the next 12 months to protect shareholder value.