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IRESS Limited (ASX:IRE)

ALERT: Price-sensitive ASX Announcement for IRE
Current share price for IRE : $5.640 -2.27 (-28.70%)+
Announcement
Release
17 Aug 2026 8:46AM
Price at Release
$7.910
Full Release
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Summary
The FY26 Half Year Report for IRESS Limited highlights a notable performance improvement, with statutory net profit after tax (NPAT) increasing by 85% to $32 million compared to the previous corresponding period. The underlying net profit after tax (UPAT) also saw an 18.4% rise, reaching $38.8 million. Revenue and other income for the period totaled $250 million, which is a decrease from the prior year, attributed mainly to divestments. However, the growth in recurring revenue, which constitutes 95% of total revenue, reflects a 3.4% increase on a constant currency basis. Operating expenses decreased significantly due to the company's business efficiency program. The report underscores IRESS's strategic focus on reinvesting in growth through software development and product innovation, supported by a strong balance sheet. An interim dividend of 14.0 cents per share, fully franked, has been declared. The report confirms the absence of significant events post the financial period that could affect the group's operations.
Key Points
  • Statutory NPAT increased by 85% to $32 million.
  • Underlying NPAT (UPAT) increased by 18.4% to $38.8 million.
  • Revenue and other income totaled $250 million, down from the previous year.
  • Recurring revenue increased by 3.4% on a constant currency basis.
  • Operating expenses decreased significantly due to business efficiency program.
  • Interim dividend of 14.0 cents per share declared.
  • Strong balance sheet enabling reinvestment in growth through software development.
  • No significant post-period events affecting operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.