How did Iress (ASX:IRE) perform in its 2025 full-year results?

Iress exceeded its previous market guidance for the financial year ending 31 December 2025. The company reported an adjusted EBITDA of $136.2 million and an underlying profit after tax (UPAT) of $73 million. While these underlying figures show growth, statutory net profit after tax (NPAT) actually fell by 10.6% compared to the previous year, landing at $70.3 million.

Why did the Iress (ASX:IRE) statutory profit drop while EBITDA rose?

The 10.6% decline in statutory NPAT to $70.3 million suggests that one-off costs or non-cash items impacted the bottom line, even as operational efficiency improved. In contrast, the 14% rise in adjusted EBITDA within continuing businesses reflects the success of the company's "structural simplification" and cost-cutting measures.

What is the current dividend policy for Iress (ASX:IRE) shareholders?

Iress declared a final dividend of 13 cents per share for the FY25 period. Notably for Australian retail investors, this dividend is 100% franked, meaning the company has already paid corporate tax on these profits.

What is the "Continuing Business" strategy driving Iress (ASX:IRE) forward?

Iress has pivoted to focus almost exclusively on its core competencies: wealth management software, trading, and market data. By stripping away non-core segments, the "Continuing Business" unit saw revenue grow by 6.5% in FY25.

How much has Iress (ASX:IRE) saved through its efficiency program?

The company is currently executing a $30 million cost-reduction plan and has confirmed that approximately 60% of these savings have already been achieved. Management expects the remaining 40% of the target to be fully realised by the end of 2026.

What is the FY26 growth guidance for Iress (ASX:IRE)?

For the 2026 financial year, Iress projects revenue between $520 million and $528 million. More significantly, it forecasts underlying profit after tax (UPAT) to reach between $84 million and $90 million, which would represent a 15–24% increase over FY25 levels.

How is Iress (ASX:IRE) planning to use Artificial Intelligence?

Iress has flagged the integration of AI across its core platforms as a key pillar of its future technology modernisation. While specific product details remain sparse, the goal is to enhance the value of its wealth and trading software to maintain competitive advantages.

What are the main bull and bear points for Iress (ASX:IRE) after this news?

The "bull" case rests on the company exceeding guidance, expanding margins, and providing strong FY26 growth forecasts. The "bear" case highlights the 10.6% drop in statutory profit and the execution risk associated with the remaining 40% of the cost-saving program.

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Iress exceeds guidance despite dip in 2025 statutory profit

Written by Isaac FrancisPublished Feb 24, 2026, 10:14 PMLast Updated Jul 6, 2026, 6:26 AM

Financial software provider Iress (ASX:IRE) released its full-year financial results for the period ended Dec. 31, 2025, reporting performance that exceeded previous market guidance.

The company announced an adjusted EBITDA of $136.2 million and an underlying profit after tax of $73 million.

However, statutory net profit after tax declined by 10.6% compared to the previous corresponding period, finishing at $70.3 million.

Following a period of structural simplification, Iress has refocused its operations on its core wealth and trading & market data software businesses.

The transition contributed to a 6.5% increase in revenue and a 14% rise in Adjusted EBITDA within its "Continuing Business" segment.

The company also declared a final dividend of 13 cents per share, which is 100% franked.

Group CEO Andrew Walsh attributed the results to disciplined cost management and an accelerated business efficiency program.

The company reported it has already achieved approximately 60% of its targeted $30 million in cost savings, which are expected to be fully realised by the end of 2026.

Future strategies include investment in technology modernisation and the integration of AI across core platforms.

Iress provided guidance forecasting further growth for FY26, with revenue projected to reach between $520 million and $528 million, while UPAT is expected to rise to between $84 million and $90 million, representing a potential 15–24% increase over FY25.

The company aims for a Cash EBITDA margin exit run-rate of over 25% by the conclusion of FY26.

Iress exceeds guidance despite dip in 2025 statutory profit

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