• Achieved 50% increase in minimum monthly revenue to GBP75k
• 1H25 unaudited revenue up 60.5% to A$1.345m
• UK Education revenue up 110% to A$0.936m in 1H25

IODM Limited (ASX: IOD) has provided an update on its United Kingdom Education ('UK Education') segment revenue, which continues to outperform expectations. The re-negotiated commercial revenue sharing arrangement between Convera and IODM for the UK Education segment became operational on 1 January 2024, introducing a guaranteed non-recourse minimum monthly revenue payable to IODM. The year-to-date outperformance has resulted in IODM achieving a threshold increase to GBP75k per month, a 50% increase over the immediately preceding revenue level. This equates to a minimum increase in annualised revenue to A$1.79m. The incremental threshold uplift was supported by a strong December quarter and revenue contributions from ten (10) of the implemented universities. IODM's unaudited revenue for 1H25 was A$1.345m, representing an increase of 60.5% on the prior corresponding period (pcp). UK Education revenue for the same period was A$0.936m, an increase of 110% on pcp. The 1H25 revenue performance exceeded the forecasts detailed in the Company's Announcement of 21 November 2024. IODM's entitlement to the new revenue threshold will result in UK Education minimum revenue contribution for 2H25 in an amount of GBP450k (A$899k), a A$243k (or 37%) increase over pcp. With twelve (12) implemented universities YTD and a healthy pipeline of universities in the process of implementation, IODM is confident that meaningful revenue traction will continue.

IODM's UK Education segment is expected to contribute a minimum revenue of GBP450k (A$899k) in 2H25, a 37% increase over the prior corresponding period.