Key points
- FY26 revenue declined 16% to $57.6 million
- Profit before tax dropped 96% to $736,000
- Net profit fell 91% to $1.2 million
- Fully franked final and special dividends of 5 cents per share declared
Full summary
Integrated Research Ltd (IRI) reported its FY26 financial results, showing a 16% decline in revenue to $57.6 million. The company experienced a 96% drop in profit before tax to $736,000 and a 91% decrease in net profit to $1.2 million. The Board declared a fully franked final ordinary dividend of 3.0 cents per share and a special dividend of 2.0 cents per share, totaling 5 cents per share. The decline in revenue was driven by a softer renewals base and reduced new business contribution, while expenses increased due to credit loss provisions and foreign currency exchange movements. The company's strategy focused on product-led growth, with investments in AI and ML capabilities, and new product development. The market response to initial AI-enabled offerings was encouraging, but these products are still in early stages and have yet to generate significant revenue.
Guidance
FY26 revenue: $57.6 million, Profit before tax: $736,000, Net profit: $1.2 million
Outlook
Integrated Research Ltd plans to continue investing in product development and innovation to drive future revenue growth, focusing on AI and ML capabilities and expanding its product offerings.