IODM (IOD) Q2 2025 TU earnings summary

Executive summary

• Q2 FY25 cash receipts reached A$719k, up 49.4% year-over-year, surpassing internal forecasts.

• UK Education segment delivered A$511k in cash receipts, a 119% increase over the prior year, with record October receipts exceeding minimum revenue guarantees.

• Twelve education institutions onboarded by quarter-end, including new entries in North America and France.

• Advanced negotiations ongoing for commercial agreements with North American education sector participants.

Financial highlights

• Q2 FY25 group cash receipts of A$719k exceeded the forecasted A$670k.

• UK Education cash receipts of A$511k surpassed the forecasted A$490k.

• Net cash operating outflows increased 20% year-over-year, attributed to expanded sales teams in Australia, UK, and USA.

• Received annual R&D tax offset refund of A$504k during the quarter.

Outlook and guidance

• Revenue growth expected to continue in Q3 as four newly onboarded universities begin contributing.

• Anticipated further contract signings and revenue uplift from the expanding domestic and North American pipelines.

• Board expects continued positive momentum from the UK sales team and further educational institution implementations.