Highlights

  • Iress has announced a business efficiency program targeting a sustainable ~25% Cash EBITDA margin by the end of FY26.
  • The company reaffirmed FY25 guidance with Adjusted EBITDA expected between AUD 128 million and AUD 132 million.
  • Iress shares rose 6.16% to AUD 9.31 during trading hours on 10 November 2025.

Iress Limited (ASX:IRE) has outlined a new business efficiency program aimed at permanently improving margins and driving operational efficiency across its global enterprise software operations. The company also reaffirmed and narrowed its FY25 financial guidance, following two years of portfolio simplification and balance sheet strengthening.

Efficiency Program to Boost Margins

Iress announced that it is launching a FY26 business efficiency program designed to enhance operating leverage and improve profitability. The program builds on the company’s earlier cost-reduction initiatives and will focus on product, technology, and client engagement to improve long-term performance.

The initiative targets a sustainable Cash EBITDA margin (Adjusted EBITDA less capital expenditure) of approximately 25% by the end of FY26, compared with an expected Cash EBITDA margin of around 19% for FY25. The company said this improved level of margin performance is intended to be maintained on an ongoing basis under a more efficient operating model.

Strategic Focus on Core Business Units

Over the past two years, Iress has completed the divestment of six non-core businesses, enabling a more streamlined organisation centred on its two core enterprise software divisions — Wealth and Trading & Market Data.

This transformation has positioned Iress to invest more effectively in strengthening its core platforms and developing new revenue channels, including AI-enabled solutions and enhanced client services. The company said that its product and capital management priorities are now more closely aligned to deliver improved client outcomes and meet its long-term Cash EBITDA margin and shareholder return objectives.

FY25 Guidance Reaffirmed

Iress confirmed its FY25 financial guidance, narrowing the expected range for Adjusted EBITDA to AUD 128 million–132 million (previously AUD 127 million–135 million). Underlying Profit After Tax (UPAT) is expected to be in the range of AUD 67 million–71 million, compared with prior guidance of AUD 65 million–73 million.

Exploring Strategic Opportunities

Iress also confirmed that it remains in discussions with multiple parties to assess potential strategic proposals that could be considered by the company’s Board.

The company’s new Managing Director and Chief Executive Officer, Andrew Russell, is set to commence his role on 17 November 2025, succeeding the interim leadership team that has overseen the recent transformation period.

Market Reaction

Following the announcement, Iress shares were trading 6.16% higher at AUD 9.31 per share during the session on 10 November 2025.