• Continuing business Underlying EPS up 19% vs pcp
• Transformation complete, balance sheet strengthened
• Investing in complementary new products to drive growth

Iress Limited (ASX:IRE) has announced its first half 2025 financial results, reporting Statutory Net Profit After Tax (NPAT) of $17.3 million, in line with the prior period. Revenue for 1H25 was 3.1% lower at $299.5 million, impacted by the divestment of the Superannuation business. However, on a continuing business basis, revenue increased 6.8%, reflecting ongoing improvement in the UK business and stronger performance from the Global Trading & Market Data business. Operating costs for 1H25 were $235.1 million, 2.9% lower than 1H24, resulting from lower FTE and disciplined management of non-wage expenses. Adjusted EBITDA for 1H25 was $64.4 million or 3.9% lower than 1H24. On a continuing business basis, Adjusted EBITDA was $60.2 million, up 8.7% higher than the prior year. The company has reaffirmed its FY25 guidance of Adjusted EBITDA in the range of $127 million to $135 million and UPAT in the range of $65 million to $73 million. Iress has also announced the departure of Deputy CEO Harry Mitchell following a review of the company's leadership structure.

FY25 Adjusted EBITDA in the range of $127m - $135m and FY25 UPAT in the range of $65m - $73m.

Iress will continue to invest for growth through strategic investment in its core businesses as well as accelerating initiatives to capture new revenue streams in data & AI through expanded partnerships, underpinned by a continued focus on enhancing customer experience.