Slide 1: FY25 Financial results
FY25 Financial results 25 February 2026 Andrew Russell, Group CEO Cameron Williamson, CFO iress.com
Slide 2: Agenda
Agenda 1. FY25 Results Highlights 2. FY25 Financial Results 3. FY26 Strategy Overview 4. FY26 Guidance 5. Key Takeaways 2
Slide 3: FY25 key messages
FY25 key messages FY25 headline results delivered ahead of guidance FY25 headline financial results 1 delivered ahead of guidance1 Headline Adjusted EBITDA $136.2m & UPAT $73.9m Simplified business with Building a leading Wealth and Trading & Market Data 2 sharpened strategic focus software business R
Slide 4: Simplified software portfolio
Simplified software portfolio Centred on two core businesses - Wealth and Trading & Market Data Portfolio pre asset sales Global Trading & Market Data APAC UK Canada South Africa QuantHouse Simplified software portfolio Wealth Global Trading & Market Data APAC UK South Africa APAC UK Canada South Afri
Slide 5: FY25 financial highlights - Continuing Business
FY25 financial highlights - Continuing Business Revenue Adjusted EBITDA Robust Continuing Business performance $504.3m $132.6m +6.5%1 +14.9% ● Revenue +6.5%1 ● Adjusted EBITDA +14.9% ● Adjusted EBITDA margin 26.3% ● UPAT +34.3% ● Improved performance in all business Adjusted units reflects positive i
Slide 6: FY25 operational highlights
FY25 operational highlights Improved client satisfaction and execution capability Performance Execution Business Development Improved client satisfaction: Secured key partner for Xplan GTMD: Solid revenue & earnings growth +15 pt uplift in NPS Retirement Income solution ● Revenue +6.6%1 vs pcp ● Adj
Slide 7: Financial Results
Financial Results Cameron Williamson 7
Slide 8: CFO Overview
CFO Overview ● FY25 Group headline result: UPAT of $73.9m (+16.6%), EPS of 39.6cps (+16.4%) includes contribution from divested businesses ● Strong FY25 performance from Continuing Business1; improving revenue growth and margin expansion ● Completed 2025 asset sales; Superannuation ($40m) and QuantH
Slide 9: FY23 - FY25 Continuing Business trends
FY23 - FY25 Continuing Business trends Revenue Adjusted $m EBITDA $m Expenses UPAT $m $m 1 Continuing Business = APAC Wealth, GTMD (including South Africa and Canada) and UK Wealth & Sourcing. 9
Slide 10: Headline Adjusted EBITDA Reconciliation to UPAT & NPAT
Headline Adjusted EBITDA Reconciliation to UPAT & NPAT A$m FY24 FY25 % vs PCP Adjusted EBITDA 132.8 136.2 3% Items of focus: D&A (32.2) (25.3) (21%) ● Lower D&A reflecting smaller global Net interest (16.8) (7.2) (57%) footprint following asset sales Tax (20.4) (29.8) 46% ● Net interest declining on
Slide 11: Balance sheet strength provides financial flexibility
Balance sheet strength provides financial flexibility Net debt & leverage Software Capex Dividend & Underlying EPS A$m A$m cps 24.0 13.0 11.0 11
Slide 12: Transition from Adjusted EBITDA to Cash EBITDA
Transition from Adjusted EBITDA to Cash EBITDA A$m ● From FY26, Cash EBITDA will replace Adjusted EBITDA as Iress’ headline reporting measure ● Cash EBITDA represents Adjusted EBITDA less capex1 (Software and PPE) ● Change better reflects free cash flow generation and capital deployment ● FY26 softw
Slide 13: Strategy & Outlook
Strategy & Outlook Andrew Russell 13
Slide 14: FY26 strategic areas of focus
FY26 strategic areas of focus Our strategy is simple: product-led execution, capital discipline, customer focus and ambition delivered at pace Operational excellence Client-first execution Modular modernisation Commercial discipline Deliver a FY26 +25% Cash Accelerate delivery, sharpen Deliver tangi
Slide 15: Business efficiency program
Business efficiency program Funding investment while maintaining cost control ● In November 2025, a business efficiency program was introduced to accelerate and broaden the Group’s stranded cost program ● The program is designed to further enhance operating leverage, strengthen profitability and re-e
Slide 16: Wealth
Wealth Modernisation of a market leader 2026 Priorities Client benefits ● A reliable, intuitive user experience, retaining the depth & flexibility required for complex advice Xplan UI modernisation ● Simpler workflows, clearer navigation, & fewer points of friction across advice, compliance & client
Slide 17: Global Trading & Market Data
Global Trading & Market Data Modernisation of a market leader 2026 Priorities Client benefits New ● Expanding global EMS capability with global EMS multi-asset, multi-currency workflows ● Enhanced capabilities across My Iress Iress & Iress Pro, with new & refreshed trading & market data widgets inclu
Slide 18: AI innovation
AI innovation Iress well positioned to benefit from and capitalise on AI-driven disruption Iress’ defensive moat Enables Iress to… Deep, trusted client relationships, with software and Accelerate complex analysis, integrations firmly embedded in client ecosystems case coding and software delivery Co
Slide 19: FY26 guidance
FY26 guidance1 FY26 Revenue $520 - $528 million ( 3-5% vs FY25) FY26 Cash EBITDA2 $116 - $123 million ( 15-23% vs FY25) FY26 UPAT $84 - $90 million ( 15-24% vs FY25) FY26 Cash EBITDA Margin exit run-rate +25% This guidance reflects: ● Ongoing capex2 investment in core platform modernisation, expecte
Slide 20: Key takeaways
Key takeaways Simple strategy: Iress positioned Iress successfully Improved financial Strong balance product-led as a high quality, simplified with performance with execution, capital cash compounding sheet providing discipline, customer software business strengthened clear operational financial fle
Slide 21: Questions
Questions 21
Slide 22: Disclaimer
Disclaimer Important information for investors This presentation has been prepared by Iress Limited ACN 060 313 359 (Iress). While the information in this presentation has been prepared in good faith and with reasonable care, no representation or warranty, express or implied, is made as to the accur
Slide 23: Appendix
Appendix Additional supplementary information is available in the 2025 Analyst Pack on Iress’ investor website: https://www.iress.com/about/investors/results-and-reports/ 23
Slide 24: Appendix index
Appendix index 1. FY25 Headline results summary 2. FY25 Continuing Business results summary 3. Group P&L - FY25 & FY24 EBITDA by segment 4. Group P&L - Trends by half 5. Business unit performance 6. Underlying EPS reconciliation 7. Divestments and TSA summary 8. Foreign exchange rates 24
Slide 25: FY25 Headline results summary
1.0 FY25 Headline results summary A$m FY24 FY25 $ vs PCP % vs PCP Key Points (Headline) Recurring Revenue 553.7 524.9 (28.8) (5.2%) Non-Recurring Revenue 50.9 36.8 (14.1) (27.7%) ● UPAT and Underlying EPS +16% Total Revenue 604.6 561.7 (42.9) (7.1%) ● Revenue - 7.1%: Staff costs (291.1) (246.4) 44.7
Slide 26: FY25 Continuing Business results summary
2.0 FY25 Continuing Business results summary A$m FY24 FY25 $ vs PCP % vs PCP Key points (Continuing Business): Recurring Revenue 450.6 475.4 24.8 5.5% Non-Recurring Revenue 22.8 28.9 6.1 26.8% ● UPAT and Underlying EPS +34% Total Revenue 473.4 504.3 30.9 6.5% ● Revenue +6.5% with improved growth Sta
Slide 27: Group P&L - FY25 EBITDA by segment
3.0 Group P&L - FY25 EBITDA by segment Global Group Trading & APAC UK Wealth & Corporate & Continuing Super- Divested Group $Am Market Data Wealth Sourcing Other business annuation QuantHouse Other business Reported Recurring Revenue 242.8 129.9 102.6 0.1 475.4 20.9 28.6 - 49.5 524.9 Non-Recurring R
Slide 28: Group P&L - FY24 EBITDA by segment
3.1 Group P&L - FY24 EBITDA by segment Group Global Trading & APAC UK Wealth & Corporate & Continuing Super- Divested Group $Am Market Data Wealth Sourcing Other business annuation QuantHouse Other business Reported Recurring Revenue 226.9 128.1 95.6 - 450.6 42.1 40.2 20.8 103.1 553.7 Non-Recurring
Slide 29: Group P&L - Trends
4.0 Group P&L - Trends Group headline Continuing business1 A$m 1H24 2H24 FY24 1H25 2H25 FY25 YoY % A$m 1H24 2H24 FY24 1H25 2H25 FY25 YoY % Recurring revenue 282.5 271.2 553.7 277.6 247.3 524.9 (5.2%) Recurring revenue 225.1 225.5 450.6 235.2 240.2 475.4 5.5% Non-recurring revenue 26.5 24.4 50.9 21.9
Slide 30: Business unit performance
5.0 Business unit performance GTMD1,2 (continuing) - FY24→FY25 APAC Wealth2 (continuing) - FY24→FY25 A$m 1H24 2H24 FY24 1H25 2H25 FY25 YoY % A$m 1H24 2H24 FY24 1H25 2H25 FY25 YoY % Recurring revenue 112.5 114.4 226.9 120.8 122 242.8 7.0% Recurring revenue 65.4 62.7 128.1 63.6 66.3 129.9 1.4% Non-rec
Slide 31: Business unit performance
5.1 Business unit performance UK1 (continuing) - FY24→FY25 Corporate & Other (continuing) - FY24→FY25 A$m 1H24 2H24 FY24 1H25 2H25 FY25 YoY % A$m 1H24 2H24 FY24 1H25 2H25 FY25 YoY % Recurring revenue 47.2 48.4 95.6 50.7 51.9 102.6 7.3% Recurring revenue - - - 0.1 - 0.1 n/m Non-recurring revenue 4.0
Slide 32: Underlying EPS reconciliation
6.0 Underlying EPS reconciliation Group Headline A$m FY24 FY25 % vs PCP Total Revenue 604.6 561.7 (7.1%) Total Operating Costs (471.8) (425.5) (9.8%) Adjusted EBITDA 132.8 136.2 2.6% UPAT 63.4 73.9 16.6% Weighted average shares (m) 186.6 186.8 0.1% Underlying EPS (cps) 34.0 39.6 16.4% Group Continui
Slide 33: Divestments and TSA summary
7.0 Divestments and TSA summary TSA TSA Divestment Announced Consideration Completed Period Completion MFA Aug-23 $52.0m Oct-23 24m April-26 Platform Feb-24 $1.0m April-24 18m Completed MSO - UK Mar-24 $147.0m Aug-24 12m Completed Pulse - UK May-24 NA June-24 NA Completed Superannuation Jan-25 $40.0
Slide 34: Foreign exchange rates
8.0 Foreign exchange rates FY24 Avg FY25 Avg AUD / GBP 0.52 0.49 AUD / CAD 0.90 0.90 AUD / ZAR 12.06 11.55 AUD / EUR 0.61 0.57 3434