IODM (IOD) Q4 2025 TU earnings summary

Executive summary

• Q4 FY25 cash receipts rose 37% year-over-year to A$703k, with FY25 cash receipts up 29% to A$2.657m.

• UK Education segment led growth, with 69% increase in cash receipts and two new university implementations, totaling 15 onboarded universities.

• Revenue share agreements expanded in USA, Canada, and Japan, including a new deal with TransferMate for the Americas and Convera for Japan.

• Net operational cash outflow for Q4 reduced by 2% year-over-year to A$792k.

Financial highlights

• Q4 FY25 cash receipts: A$703k (+37% vs pcp); FY25: A$2.657m (+29% vs pcp).

• Net cash used in operating activities for Q4: A$792k; for FY25: A$2.856m.

• Cash and cash equivalents at end of Q4: A$190k.

• Financing activities in Q4 provided A$2.06m from equity and A$675k from borrowings.

Outlook and guidance

• Anticipates increased cash receipts and revenue in coming quarters due to ongoing university onboarding and start of Northern Hemisphere academic year.

• Expects initial university onboarding in Japan during Q1 FY26.

• Australian team focused on engaging tier one enterprise clients, with onboarding agreements expected in Q1 FY26.