Iress Ltd Announces FY26 Half Year Results
Key points
- Solid 1H26 performance with improved earnings quality
- Business efficiency ahead of plan, delivering $31.5m in annualised savings
- Confident in strategy with updated FY26 guidance
- Strategic progress with product evolution and AI integration
- Higher quality software business with stronger balance sheet
Full summary
Iress Ltd announced its FY26 Half Year Results, showcasing solid performance with improved earnings quality, business efficiency ahead of plan, and strategic progress. Key highlights include a 47.1% increase in Cash EBITDA, a 3.4% rise in recurring revenue, and $31.5 million in annualised savings. The company is confident in its strategy, reflected in the updated FY26 guidance, which includes a softer revenue growth forecast of +1-2% and a higher Cash EBITDA margin of +21-26%. Strategic initiatives such as product evolution, AI integration, and a stronger balance sheet are also driving the company's growth.
Guidance
Updated FY26 guidance: Revenue +1-2%, Cash EBITDA +21-26%
Outlook
Iress is confident in its strategy and outlook, with a focus on delivering sustainable, profitable growth through product evolution and AI integration.
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