Key highlights

  • Iress Ltd (ASX:IRE) closed at $5.54 on 20 October 2026, up 0.54%.
  • The shares are down approximately 36.47% over the past year.
  • Iress reported 1H26 continuing Cash EBITDA of $61.1 million, up 47.1%, and a 14.0 cent Interim Dividend on 17 August 2026.

Shares in Iress Ltd (ASX:IRE) closed at $5.54 on 20 October 2026, rose 0.54% on the day from a previous close of about $5.5102.

Over the past 12 months the stock lost approximately 36.47%. Working back from the closing price, a 12-month change of approximately -36.47% implies a share price of about $8.72 a year earlier. The annual decline is much larger than the move in a single session, which is a reminder of how far a stock can travel over a year.

In dollar terms, the 12-month move amounts to about $3.18 per share, from roughly $8.72 to $5.54, while the move during the 20 October session was about 3.0 cents per share. The two figures measure different time frames and are reported here on their own terms.

About Iress

Iress Limited provides software and data services to the financial services industry, including Wealth Management and trading platforms. It reports in Australian dollars with operations in Australia, the United Kingdom and other regions.

Latest development

The share price information above is not tied here to the half-year result. On 17 August 2026 Iress reported results for the half year ended 30 June 2026 (1H26). For the continuing business, Cash EBITDA rose 47.1% in constant currency to $61.1 million, with the Margin widening by more than 740 basis points to 24.5%. Continuing Revenue rose 2.5% in constant currency to $250.0 million, and Recurring Revenue rose 3.4% to $237.8 million, or 95% of group revenue.

Statutory NPAT was $32.0 million, up 85.0%, and Underlying Profit after tax was $38.8 million, up 18.4%. Iress said its Business efficiency program has delivered $31.5 million of annualised cost savings, with a further $6 million to $9 million expected in the second half. A fully franked interim dividend of 14.0 cents per share was declared, 27.3% higher than a year earlier.

Iress updated its FY26 guidance in constant currency to revenue growth of 1% to 2%, reflecting lower non-recurring revenue, and Cash EBITDA growth of 21% to 26%. It said its strategy has moved to a next phase, with product evolution under way, a Partnership with Thoughtworks mobilised and artificial intelligence embedded across product and engineering.

Sector context

Financial software providers have been cutting costs and simplifying portfolios while embedding artificial intelligence into products, and Earnings growth in the sector often comes from margin improvement rather than revenue growth. Recurring revenue from subscriptions provides visibility but depends on client retention.

Market-linked revenue, such as non-recurring project work and trading volumes, can swing from half to half.

Risks

Guided revenue growth of 1% to 2% is low and reflects lower non-recurring revenue, so the earnings improvement depends largely on cost savings, which have a finite scope. Revenue in the continuing business grew only 2.5% in the half.

Currency movements affect reported figures, and the Thoughtworks partnership and product evolution require delivery. The share price has fallen approximately 36.47% over the year.

Share price movements add a separate layer of uncertainty. The stock’s one-day move of +0.54% on 20 October 2026 and its 12-month change of approximately -36.47% show how far the share price can move, and past movements do not indicate future direction.

Catalysts to watch

Items to watch include delivery of the remaining $6 million to $9 million of annualised cost savings, the full-year result against updated guidance, progress of the product roadmap and AI integration and further dividend decisions.