• Cash EBITDA increased 47.1% (constant currency) to $61.1m with margins expanding to 24.5%
• Recurring revenue increased 3.4% to $237.8m, representing 95% of Group revenue
• Business efficiency program delivered $31.5m of annualised cost savings, with more expected

Iress Ltd reported its financial results for the half year ended 30 June 2026, showcasing a strong performance with materially improved earnings quality and margin expansion. Cash EBITDA increased 47.1% to $61.1 million on a constant currency basis, with the Cash EBITDA margin expanding by more than 740 basis points to 24.5%. Continuing business revenue increased 2.5% to $250.0 million, driven by a 3.4% growth in resilient recurring revenue, which accounts for 95% of Group revenue. The business efficiency program delivered $31.5 million of annualized cost savings, ahead of plan, with further savings of $6-9 million expected in the second half of the year. The company has also mobilized its partnership with Thoughtworks and embedded AI across product and engineering to accelerate product evolution. The Board declared a fully franked interim dividend of 14.0 cents per share, 27.3% higher than the prior corresponding period.

FY26 constant currency guidance: Revenue +1-2%, Cash EBITDA +21-26%, UPAT +15-21%

Iress is confident in its strategy and outlook, focusing on operational excellence, product evolution, AI-enabled productivity, and customer-led execution. The company remains focused on building a higher quality software business with better products, stronger customer relationships, and disciplined capital allocation.