IODM Limited (ASX:IOD), a cloud-based software as a service provider specialising in accounts receivable automation, has reported revenue of A$3.2 million for the year ended 30 June 2026, representing an increase of 16.9% on the prior corresponding period, alongside a net loss of A$2.65 million, a decrease of 10.3% on the prior corresponding period.

Key Points

  • Group revenue of A$3.2 million for the year ended 30 June 2026, up 16.9% on the prior corresponding period
  • UK education revenue of A$2.5 million, an increase of 27.6% on the prior corresponding period
  • Net loss after income tax of $2,658,544, compared to $2,964,208 for the year ended 30 June 2025
  • Commercial agreement with Convera renewed in April 2026, with IODM to receive 30% of revenue share on all universities going forward
  • Software platform agreement negotiated with TransferMate covering a portfolio of 283 universities in the USA

FY2026 Financial Results and Operational Overview

IODM Limited reported a loss after income tax of $2,658,544 for the year ended 30 June 2026, compared with $2,964,208 for the year ended 30 June 2025. The Group's principal activity during the year was as a cloud-based software as a service provider, operating its IODM Connect platform, which delivers an automated accounts receivable solution including invoicing, query management, payment reminders, escalation, and analytics. No dividends were paid, recommended, or declared during the current or previous financial year. The Board comprised Karen Penney as Non-Executive Chair, David Ireland as Non-Executive Director, and Paul Masi as Non-Executive Director.

UK Education Sector Activity and Convera Agreement Renewal

UK education revenue for the year ended 30 June 2026 was A$2.5 million, an increase of 27.6% on the prior corresponding period. The Group held three education forums for UK universities during the year and participated in a tender process for one of the largest education institutions in the UK as part of Convera's offering. In April 2026, IODM renewed its commercial agreement with Convera, under which the company will receive 30% of revenue share on all universities going forward, representing a 20% increase in revenue share for the original five universities. IODM will work with Convera on a non-exclusive basis in the UK and Europe but will be restricted from working with other payment companies in those regions for all universities currently identified in the pipeline.

USA University Platform Agreement and TransferMate Expansion

During the year, IODM and TransferMate successfully negotiated terms for a software platform agreement to be offered to a portfolio of 283 universities in the USA through one of the largest Higher Education service providers specialising in commerce and credential solutions. The IODM Connect platform will be offered to those 283 university clients via service level agreements to assist with outstanding debt. The 283 universities represent TransferMate's current footprint with the provider, with the provider's total portfolio estimated at approximately 1,000 American universities. In June 2026, IODM also expanded its agreement with TransferMate to include the UK and Europe, with IODM to receive a share of all payments revenue generated by TransferMate for universities using IODM in those regions.