Iress Limited · ASX:IRE
Iress — H1 2026 Earnings Presentation
29 slides from Iress's earnings presentation, Aug 17, 2026
Slide 1: 1H26 Financial results
1H26 Financial results 17 August 2026 Andrew Russell, Group CEO Cameron Williamson, CFO iress.com
Slide 2: Agenda
Agenda 1. 1H26 Key messages and results highlights 2. 1H26 Strategic progress 3. 1H26 Financial results & updated FY26 guidance 4. Strategy, outlook & takeaways 5. Questions 2
Slide 3: 1H26 key messages
1H26 key messages 1 Solid 1H26 performance - Improved earnings quality through disciplined execution. Business efficiency ahead of plan - A simpler business, stronger balance sheet and greater 2 financial flexibility. Executing the next phase of our strategy - Product evolution underway, Thoughtwork
Slide 4: 1H26 financial highlights - Continuing business
1H26 financial highlights - Continuing business Revenue1 Recurring revenue1 Cash EBITDA1 +2.5% +3.4% +47.1% $250.0m $237.8m $61.1m Cash EBITDA margin Headline Underlying EPS2 Interim Dividend 24.5% +18.4% +27.3% +742 bps 20.8cps 14.0cps Performance vs prior corresponding period for the Continuing bus
Slide 5: Delivering against our FY26 strategic priorities
Delivering against our FY26 strategic priorities Operational excellence 01 Product evolution 02 Business efficiency program has delivered $31.5m of Thoughtworks partnership mobilised, improving productivity annualised efficiencies, resetting cost base and and shortening delivery cycles. Customer-fac
Slide 6: Financial results & updated FY26 guidance
Financial results & updated FY26 guidance Cameron Williamson - CFO 6
Slide 7: CFO overview - 1H26 messages
CFO overview - 1H26 messages Higher quality earnings Business efficiency Capital allocation ● $31.5m in annualised cost ● Disciplined investment ● Recurring revenue resilient efficiencies delivered & growing: +3.4% vs pcp1 approach to product ● Further $6-9m of evolution ● Materially higher 1H26 Cash
Slide 8: Higher quality earnings through growing recurring revenue
Higher quality earnings through growing recurring revenue Non-Recurring Revenue Recurring Revenue Group1 GTMD APAC UK Wealth Wealth & Sourcing Continuing business revenue shown on a constant currency basis using 1H26 average FX rates. Please refer to Slide 27. 1. Includes minor component of Corporat
Slide 9: Business efficiency delivering $31.5m of annualised savings to date
Business efficiency delivering $31.5m of annualised savings to date Savings bridge: FY25 (Feb 2026) → 1H26 (Jun 2026) +$3.5m +$0.4m $31.5m +$2.2m +$8.4m $31.5m $17.0m Annualised savings delivered as at 30 June 2026 (ERR) Additional $14.5m of annualised savings since FY25 Result - February 2026 Achiev
Slide 10: Higher quality earnings through disciplined execution
Higher quality earnings through disciplined execution A$m Lower 1H Opex -2% capex; creating investment expected capacity ramp up in 2H with product evolution Revenue, staff, cost of sales, non-wage and capex shown on a constant currency basis. Please refer to Slide 27 for average FX rates. 10
Slide 11: A higher quality software business with capital management flexibility
A higher quality software business with capital management flexibility ● Leverage of 0.5x with improved Net debt & leverage Dividend & structural efficiency allowing Underlying EPS financial flexibility for product evolution A$m cps ● Improving business performance with 1H26 EPS +18.4% ● Sustainable
Slide 12: Updated FY26 Guidance
Updated FY26 Guidance1 The updated FY26 guidance is on a Continuing business basis and reflects: ● $7-8m in lower non-recurring revenue ● Business efficiency strategy to realise $6-9 million in annualised savings in 2H, full benefit to come through in FY27 ● Step up in capex in 2H26 as product evolu
Slide 13: Strategy, outlook & key takeaways
Strategy, outlook & key takeaways Andrew Russell 13
Slide 14: The pathway to sustainable long term value creation
The pathway to sustainable long term value creation 01 02 03 04 Simplify Strengthen Evolve Grow Why it matters Why it matters Why it matters Why it matters Create a simpler, more Create greater financial Invest in our products Deliver sustainable, focused Iress flexibility to create higher quality pro
Slide 15: 2H26 strategic priorities
2H26 strategic priorities Operational excellence 01 Product evolution 02 ● Embed structural improvements to sustain ● Deliver new Xplan capabilities, including AI-enabled adviser long-term productivity. workflow and productivity tools and refreshed Client Portal. ● Deliver a further annualised $6-9m
Slide 16: Key takeaways
Key takeaways Solid 1H26 performance - Recurring revenue +3.4%, Cash EBITDA +47.1%, margin expansion of >740bps and higher 1 interim dividend +27.3%. 2 Financial flexibility to invest - $31.5m in annualised business structural efficiencies to fund product evolution. 3 Strategy moving to the next pha
Slide 17: Questions
Questions 17
Slide 18: Appendix
Appendix Additional supplementary information is available in the 1H26 Analyst Pack on Iress’ investor website: https://www.iress.com/about/investors/results-and-reports/ 18
Slide 19: Appendix index
Appendix index 1. 1H26 Headline results summary 2. 1H26 Continuing business results summary 3. Cash EBITDA reconciliation to UPAT and NPAT 4. Group P&L - 1H26 & 1H25 EBITDA by segment 5. Underlying EPS reconciliation 6. Divestments and TSA summary 7. Foreign exchange rates 8. Glossary 19
Slide 20: 1.0 1H26 Headline results summary
1.0 1H26 Headline results summary A$m 1H25 1H26 $ vs PCP % vs PCP Recurring Revenue 277.6 237.8 (39.7) (14.3%) Non-Recurring Revenue 21.9 12.2 (9.7) (44.3%) Total Revenue 299.5 250.0 (49.5) (16.5%) Staff costs (137.0) (107.7) 29.4 (21.5%) 1H26 Headline results summary shows the contribution of all b
Slide 21: 2.0 1H26 Continuing business results summary
2.0 1H26 Continuing business results summary Headline Constant FX Key Points (Constant currency) A$m 1H25 1H26 $ vs PCP % vs PCP % vs PCP ● Revenue +2.5% Recurring Revenue 235.2 237.8 2.6 1.1% 3.4% ○ Recurring revenue +3.4% Non-Recurring Revenue 14.2 12.2 (2.0) (14.1%) (11.6%) ○ Non-recurring revenu
Slide 22: 3.0 Cash EBITDA Reconciliation to UPAT & NPAT
3.0 Cash EBITDA Reconciliation to UPAT & NPAT A$m 1H25 1H26 % vs PCP Cash EBITDA 45.6 61.1 34.2% Capex 18.8 7.5 (60.2%) Adjusted EBITDA 64.4 68.6 6.6% ● Higher D&A reflects writedown of internally generated software and D&A (15.1) (16.2) 7.1% acceleration of depreciation on Net interest (4.1) (2.8)
Slide 23: 4.0 Group P&L - 1H26 EBITDA by segment
4.0 Group P&L - 1H26 EBITDA by segment Global Trading UK Wealth Group $Am & Market Data APAC Wealth & Sourcing Corporate & Other Continuing business Divested business Group Reported Recurring Revenue 122.0 66.6 49.2 - 237.8 - 237.8 Non-Recurring Revenue 3.3 1.6 4.3 3.0 12.2 - 12.2 Total Revenue 125.
Slide 24: 4.1 Group P&L - 1H25 EBITDA by segment
4.1 Group P&L - 1H25 EBITDA by segment Group Global Trading UK Wealth Corporate & Continuing Divested Group $Am & Market Data APAC Wealth & Sourcing Other business business1 Reported Recurring Revenue 120.8 63.6 50.7 0.1 235.2 42.4 277.6 Non-Recurring Revenue 4.0 1.8 6.7 1.7 14.2 7.7 21.9 Total Reve
Slide 25: 5.0 Underlying EPS reconciliation
5.0 Underlying EPS reconciliation Group Headline Group Continuing A$m 1H25 1H26 % vs PCP A$m 1H25 1H26 % vs PCP Total Revenue 299.5 250.0 (16.5%) Total Revenue 249.4 250.0 0.2% Total Operating Costs (235.1) (181.4) (22.8%) Total Operating Costs (189.2) (181.4) (4.1%) Adjusted EBITDA 64.4 68.6 6.6% A
Slide 26: 6.0 Divestments and TSA summary
6.0 Divestments and TSA summary Annual TSA Divestment Announced Consideration Completed Revenue1 Completion MFA Aug-23 $52m $21m Oct-23 Completed Platform Feb-24 $1m $13m April-24 Completed MSO - UK Mar-24 $147m $38m Aug-24 Completed Pulse - UK May-24 $4m $10m June-24 Completed Superannuation Jan-25
Slide 27: 7.0 Foreign exchange rates
7.0 Foreign exchange rates 1H26 Revenue by currency FY25 Avg 1H25 Avg 1H26 Avg AUD / GBP 0.49 0.49 0.52 AUD / CAD 0.90 0.89 0.97 AUD / ZAR 11.55 11.70 11.51 2727
Slide 28: 8.0 Glossary
8.0 Glossary Profitability & cash measures Revenue and other terms Adjusted EBITDA: Earnings before interest, tax, depreciation and Constant currency: Results retranslated using a consistent set of amortisation, adjusted to exclude items that do not form part of the foreign exchange rates across per
Slide 29: 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