• Revenue down 18% to $68.3 million
• Profit after tax down 51% to $13.4 million
• Dividend of 2.0 cents per share declared

Integrated Research Limited (ASX:IRI) has reported its financial results for the year ended 30 June 2025. The company achieved an annual profit after tax of $13.4 million, representing a decrease of $13.7 million on the prior year. This was driven by an 18% decrease in revenue to $68.3 million and an increase in the effective tax rate, partially offset by a 5% decrease in expenses to $54.9 million. The decline in revenue performance was largely due to a softer renewal book compared to the previous year. New business growth also slowed, particularly in the Americas region. The company profited from currency gains and the sale of its non-core testing solutions business. Robust cash conversion helped the company increase its cash balance by 27% to $40.6 million. The company is pivoting towards a product-led growth strategy, focusing on new product development, AI and machine learning capabilities, and aligning its offerings to the changing needs of large enterprise organizations. Key priorities for FY26 include launching new AI-enabled products, growing the contribution from new business, and addressing execution fundamentals such as sales capability and product development.

The company expects to launch the first of its AI-enabled products in the first half of FY26 as part of an ongoing program to bring clients new value through innovation. The company is also focused on growing the revenue contribution from new business (new clients and upsell to existing clients).

The company is committed to investment in product innovation for growth, with a focus on developing new products and capabilities aligned to the changing needs of large enterprise organisations, as well as new AI/ML-enabled products. The company is also addressing execution fundamentals such as sales capability and product development to support its product-led growth strategy.