Iress reports a strong first half as it’s poised for accelerated growth

ASX-listed Iress Limited have today announced its financial results for the half year ended 30 June 2025 (1H25).

Iress delivered Statutory Net Profit After Tax (NPAT) of $17.3 million, in line with the prior period. Revenue for 1H25 was 3.1% lower at $299.5 million while Adjusted EBITDA was $64.4 million, impacted by divestments over the period.

• Significant improvement in revenue and earnings – up 6.8% and 8.7% respectively
• Transformation complete – proceeds from six asset sales streamlining Iress and significantly strengthening balance sheet
• Accelerating growth and higher returns – investing cost savings in complementary new products
• FY25 Guidance reaffirmed – stronger core business performance offsetting lost contribution from divested businesses and R&D investment in next generation of wealth technologies.

Commenting on the half year result, Iress’ Group Managing Director and CEO, Marcus Price, said, “Iress’ continuing business has delivered a strong performance in the first half, underpinned by solid revenue growth in our Global Trading & Market Data business and continuing positive momentum in our UK wealth business. These results reflect the strength of our core businesses of trading and wealth.

“The successful completion of our transformation program has allowed us to reset and refocus the business, positioning us for long-term value creation. We have further strengthened our balance sheet following the sale of our Superannuation business, and the planned divestment of QuantHouse remains on track for completion in the second half.”

Iress’ financial performance coincides with several major strategic deliverables:

• Single Market Open: Successful delivery of change to Single Market Open (ASX Service Release 15) in partnership with ASX and clients, paving the way for further improvements in Iress’ trading platforms including the move to a cloud-native buy-side EMS.
• New data products: Launch of FundsFlow, a first-of-its-kind market intelligence platform offering a consolidated view of investment flows and trends across Australia’s retail investment management industry and Iress Data Insights, a cloud-native data platform streamlining how trading and market data clients can access, manage and analyse data.
• Data & AI capabilities: Investment in enhanced data and AI capabilities to drive improved value to customers, including expansion of wealth tech suite to meet growing needs of unadvised.

Price added, “As we enter the next phase of our growth strategy, Iress is well placed to capitalise on global growth opportunities – leveraging our core capabilities while selectively investing in new trading and wealth technologies. We see significant opportunities in emerging cloud and AI technologies to enhance trading experiences and expand Iress’ wealth tech suite to meet the needs of the millions of people around the world who don’t have access to the financial advice they need.”