• Revenue and other income decreased 3% to $299.5m
• Adjusted EBITDA decreased 4% to $64.4m
• Net Profit After Tax remained flat at $17.3m

Iress Ltd, a technology company designing and developing software and services for the financial services industry, reported its FY25 half year results. Revenue and other income decreased 3% to $299.5 million, primarily due to the divestment of the Superannuation business in June 2025. Excluding divested businesses, revenue associated with Iress' continuing business was 7% higher than the prior period, driven by strong performance in the UK Wealth & Sourcing and Global Trading & Market Data businesses. Adjusted earnings before interest, tax, depreciation and amortisation (Adjusted EBITDA) decreased 4% to $64.4 million. On a continuing business basis, Adjusted EBITDA increased 9% due to higher revenue and ongoing disciplined cost management. The Group's statutory Net Profit After Tax (NPAT) remained flat at $17.3 million. The differences between the Group's headline Adjusted EBITDA measure and the NPAT result relate to non-cash amortisation, depreciation, derecognition and impairment expense, as well as items incurred that the Group does not believe represent the ongoing operations of the business, such as mergers and acquisitions (M&A) and transformation related expenses. The Group's net asset position improved by 2% to $386.8 million, and net debt was reduced by $19.0 million to $92.6 million.

The Group recorded a statutory net profit after tax (NPAT) for 1H25 of $17.3 million, which remained flat compared to 1H24.