• Successful execution of Iress' transformation program delivered strong FY24 financial results
• Significant increase in customer sentiment, as measured by Net Promoter Score (NPS), which increased by 25 points on 2023
• Launched new end-to-end digital advice and education solution, Iress FIX Hub, and progressed data & AI initiatives

Iress Limited has released its Appendix 4E and 2024 Annual Report, showcasing the successful completion of its 18-month transformation program. The program has delivered significant value through strategic restructuring, disciplined cost management, standardised pricing, and product innovation. These efforts have driven strong FY24 financial results, with revenue of $604.6m, a 25% increase in Adjusted EBITDA to $132.8m, and a substantial improvement in statutory net profit after tax to $88.7m. The transformation has also reshaped Iress into a leaner, more focused organization with a clear strategic direction. Key highlights include a significant increase in customer sentiment, as measured by Net Promoter Score (NPS), which increased by 25 points on 2023, the launch of a new end-to-end digital advice and education solution, the introduction of Iress FIX Hub, a first-of-its-kind cloud-native financial information exchange platform, and progress in data and AI initiatives. Iress has also strengthened its people and culture, maintaining its WORK180 'Endorsed Employer for Women' status, evolving its remuneration and performance frameworks, and enhancing its parental leave policy. The company has also made strong progress in its environmental and social impact, including a 66.4% reduction in Scope 1 and 2 emissions and 37.4% reduction in Scope 3 emissions, achieving its 2030 target.

Iress provides FY25 guidance for NPATA in a range of $54m to $62m and Adjusted EBITDA in the range of $127m to $135m.

Iress is positioned to capture significant growth opportunities in global wealth management, powered by innovation in data and AI, while capitalizing on its strengths in providing critical trading infrastructure within its core markets. The company sees considerable opportunity to expand its presence in the ecosystems it operates in, specifically digital advice, retirement income, data products, and cloud-based trading technologies.