The company posted a statutory net profit after tax of A$17.3 million for the six months
MELBOURNE: Financial technology firm Iress Ltd. (ASX:IRE) reported a 19% rise in underlying earnings per share from its continuing business in the first half of 2025, driven by solid performance in its trading and wealth segments.
The company posted a statutory net profit after tax of A$17.3 million for the six months ended June 30, unchanged from the prior year. Revenue declined 3.1% to A$299.5 million due to divestments, including the sale of its Superannuation business in May.
Adjusted EBITDA fell 3.9% to A$64.4 million, but on a continuing business basis—excluding divested units—EBITDA rose 8.7% to A$60.2 million. The company cited pricing, productivity and efficiency gains as key drivers.
CEO Marcus Price said the completion of Iress’ transformation program has positioned the firm for long-term value creation. “We’ve reset and refocused the business, strengthened our balance sheet, and are now investing in new trading and wealth technologies,” Price said.
The company reaffirmed its full-year guidance, projecting adjusted EBITDA between A$127 million and A$135 million, and UPAT between A$65 million and A$73 million.
Iress declared an interim dividend of 11 cents per share, 50% franked, payable Sept. 22 to shareholders on record as of Aug. 25.
The company also announced the departure of Deputy CEO Harry Mitchell, following a leadership restructure.