Highlights

  • Results for the half year ended 30 June 2026 land on Monday 17 August, with Russell and Williamson hosting a live investor…
  • What gives the date weight is the guidance framework set in February and the caveat added since.
  • That Margin work is the Business efficiency programme announced in November 2025, targeting around AUD 30 million of annualised cost savings…
  • The FY25 result, released on 25 February 2026 for the year ended 31 December 2025, is the reference point.

Iress reports its 2026 half-year results on Monday 17 August, the first real test of guidance that implies double-digit profit growth for the full year. In February the company guided to FY26 cash EBITDA of AUD 116 million to AUD 123 million and Underlying Profit after tax of AUD 84 million to AUD 90 million, against AUD 73.9 million…

Company Overview

Iress builds and licenses software for financial services. Its two core segments are Wealth , anchored by the Xplan advice platform, and Trading and Market Data, which supplies order management, execution and data tools to Brokers and institutions. Revenue is predominantly recurring, and customers span Australia, New Zealand, the United Kingdom, Europe, Canada and South Africa.

Recent Developments

Results for the half year ended 30 June 2026 land on Monday 17 August, with Russell and Williamson hosting a live investor presentation and Q&A at 9:30am AEST.

What gives the date weight is the guidance framework set in February and the caveat added since. At the Annual General Meeting on 24 April, management indicated revenue was tracking toward the bottom of the AUD 520 million to AUD 528 million range, citing geopolitical concerns, while leaving the cash EBITDA and underlying profit after tax ranges in place. If revenue lands at the lower end but Earnings …

Financial Snapshot

The FY25 result, released on 25 February 2026 for the year ended 31 December 2025, is the reference point. Statutory net profit after tax was AUD 79.3 million, down 10 %, while underlying profit after tax was AUD 73.9 million, up around 16 % and ahead of guidance. Group adjusted EBITDA came in at AUD 136.2 million, above the guided AUD 128…

The board declared a 13 cent fully franked final Dividend , taking FY25 dividends to 24 cents at a 61 % Payout Ratio . Divestment proceeds went into Debt reduction, with group Leverage falling to 0.5 times from 1.0 times. No on-market buy-back was flagged alongside the result, and none could be verified as running in 2026, so deleveraging and the dividend are…

What to Watch

The half-year result and investor call on 17 August is the near-term event. Investors will look for reaffirmation or revision of the FY26 cash EBITDA and underlying profit after tax ranges, a first-half dividend determination, an update on how much of the AUD 30 million cost target has been banked, and commentary on the modernisation work. The FY26 full-year result, covering…

Risks

Revenue growth is the central issue. The Assets that were easy to sell have been sold, so growth from here depends on organic performance in Wealth and Trading and Market Data. A material share of earnings is generated in sterling, introducing translation risk. Cost-out programmes can lift reported margins while masking underinvestment, and the spend needed to keep Xplan and the trading products competitive runs against the efficiency target. Consolidation…

Outlook

Iress arrives at 17 August with momentum from FY25 and guidance that, if met, delivers double-digit profit growth. The questions are whether revenue is holding near the bottom of the range, whether the efficiency programme remains on schedule, and whether management can point to organic drivers rather than another round of cost reduction. Monday's numbers should answer…