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IRESS Limited
(Sydney:IRE)
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Rating:60Neutral
Price Target:
AU$5.50
â–¼(-22.43% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily supported by improved financial health (profitability recovery and meaningful debt reduction), but is held back by weakening operating momentum (declining revenue and lower 2025 cash flow) and a technically weak price trend. Valuation and dividend yield provide a modest offset.
Positive Factors
Profitability recovery
The return to sustained profitability after the 2023 loss indicates that IRESS has restored meaningful earnings capacity. Positive net income in both 2024 and 2025 provides a stronger base for funding operations, servicing obligations, and supporting investment over the next several quarters.
Negative Factors
Declining revenue
Two consecutive years of revenue contraction point to weakening operating momentum rather than a single-period fluctuation. Persistent top-line pressure can limit the company’s ability to scale its software platform, constrain future margin expansion, and make the recent profitability recovery less durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The return to sustained profitability after the 2023 loss indicates that IRESS has restored meaningful earnings capacity. Positive net income in both 2024 and 2025 provides a stronger base for funding operations, servicing obligations, and supporting investment over the next several quarters.
Read all positive factors
IRESS Limited (IRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.02B
Dividend Yield4.81%
Average Volume (3M)931.60K
Price to Earnings (P/E)11.2
Beta (1Y)0.92
Revenue Growth-14.44%
EPS Growth5.34%
CountryAU
Employees1,153
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.50
Shares Outstanding186,789,470
10 Day Avg. Volume655,574
30 Day Avg. Volume931,600
Financial Highlights & Ratios
PEG Ratio-1.90
Price to Book (P/B)3.73
Price to Sales (P/S)2.84
P/FCF Ratio31.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.93Price Target Upside26.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.43
Revenue Forecast (FY)AU$502.60M
IRESS Limited Business Overview & Revenue Model
Company Description
Iress Limited engages in the designing and developing software and services for the financial services industry in the Asia Pacific, the United Kingdom and Europe, South Africa, and North America. It offers client management, business automation, ...
How the Company Makes Money
IRESS primarily makes money by selling financial technology software and related services to financial services customers. The company’s core revenue model is based on contracted, recurring fees for access to its software platforms (typically deli...
IRESS Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
68
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 506.14M | 556.32M | 600.83M | 625.74M | 615.59M | 595.95M |
| Gross Profit | 152.17M | 148.63M | 124.22M | 96.38M | 167.51M | 138.59M |
| EBITDA | 112.11M | 119.29M | 154.85M | -54.28M | 119.95M | 146.39M |
| Net Income | 93.95M | 79.26M | 88.67M | -137.48M | 52.67M | 73.80M |
Balance Sheet | ||||||
| Total Assets | 668.31M | 670.12M | 730.22M | 792.22M | 1.00B | 1.03B |
| Cash, Cash Equivalents and Short-Term Investments | 46.30M | 55.35M | 66.19M | 50.74M | 63.81M | 64.87M |
| Total Debt | 172.74M | 164.10M | 234.03M | 422.96M | 462.75M | 389.38M |
| Total Liabilities | 242.26M | 247.01M | 352.12M | 520.21M | 566.25M | 495.71M |
| Stockholders Equity | 426.05M | 423.10M | 378.11M | 272.01M | 433.81M | 536.91M |
Cash Flow | ||||||
| Free Cash Flow | 66.44M | 49.62M | 82.91M | 44.24M | 84.97M | 77.08M |
| Operating Cash Flow | 79.74M | 62.63M | 104.57M | 63.66M | 112.58M | 101.21M |
| Investing Cash Flow | -3.82M | 25.59M | 129.56M | 25.79M | -31.96M | -34.56M |
| Financing Cash Flow | -77.92M | -101.69M | -213.43M | -108.25M | -77.85M | -64.39M |
IRESS Limited Technical Analysis
Positive
7.09
Price Trends
5.68
Positive
6.04
Negative
6.45
Negative
Market Momentum
-0.02
Negative
57.74
Neutral
80.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IRE, the sentiment is Positive. The current price of 7.09 is above the 20-day moving average (MA) of 5.46, above the 50-day MA of 5.68, and above the 200-day MA of 6.45, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.74 is Neutral, neither overbought nor oversold. The STOCH value of 80.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:IRE.
IRESS Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$1.43B | 13.04 | 107.14% | 4.43% | -9.72% | 51.09% | |
72 Outperform | AU$622.80M | 75.03 | 3.28% | ― | 8.33% | ― | |
71 Outperform | AU$561.25M | 15.74 | 33.67% | 4.29% | 6.59% | 4.49% | |
70 Outperform | AU$10.30B | 74.30 | 32.19% | 1.19% | 14.48% | 6.31% | |
62 Neutral | AU$48.33M | 41.79 | 1.25% | 11.32% | -15.56% | -91.14% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | AU$1.02B | 11.20 | 22.13% | 4.81% | -14.44% | 5.34% |
* Technology Sector Average
AU:IRE
IRESS Limited
5.71
-2.89
-33.59%
AU:IRI
Integrated Research Limited
0.28
-0.04
-13.04%
AU:TNE
Technology One Limited
31.74
-6.19
-16.32%
AU:BVS
Bravura Solutions Limited
3.30
0.55
19.91%
AU:OCL
Objective Corporation Limited
6.30
-12.69
-66.82%
AU:FCL
FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh
1.85
-1.11
-37.46%
IRESS Limited Corporate Events
Iress Director Michael Dwyer Boosts Indirect Shareholding
Sep 15, 2026
Iress Limited has reported a change in the shareholdings of non-executive director Michael John Dwyer, reflecting an increase in his indirect interest in the company. The director holds shares both directly and through MJD Advisory Pty Ltd, unders...
IRESS Updates Dividend Details with Record-Date Exchange Rates
Sep 1, 2026
IRESS Limited has updated its previously announced dividend notification for holders of ordinary fully paid shares, relating to the six-month period ended 30 June 2026. The update, lodged with the ASX on 1 September 2026, incorporates exchange rat...
Iress CEO Andrew Russell Increases On-Market Shareholding
Sep 1, 2026
Iress Limited disclosed that director Andrew John Russell increased his direct holding of ordinary shares through on-market purchases over two consecutive days in late August 2026. Following these trades, his holdings rose to 12,271 ordinary share...
Iress Announces CFO Transition as It Enters Next Strategic Phase
Aug 16, 2026
Iress Limited has announced a planned transition in its Chief Financial Officer role as it moves into a new strategic phase focused on product evolution and sustainable growth. Current CFO Cameron Williamson will step down after three years in the...
Iress boosts margins and dividends as AI-driven efficiency lifts first-half earnings
Aug 16, 2026
Iress has reported a materially stronger first-half performance for 2026, with statutory NPAT rising 85% to $32m and underlying profit up 18.4% to $38.8m, driven by margin expansion and improved earnings quality. Continuing business revenue grew m...
IRESS Declares Interim Dividend of AUD 0.14 Per Share
Aug 16, 2026
IRESS Limited operates in the financial technology sector, providing software and services that support trading, market data, and wealth management for financial institutions and market participants. Its ordinary fully paid shares are listed on th...
Iress Releases 2026 Half-Year Profit Announcement
Aug 16, 2026
Iress Limited has released its 2026 Half Year Report, detailing profit performance for the six months ended 30 June 2026. The report, presented as an ASX Appendix 4D half year results announcement, includes directors’ commentary, audited fin...
IRESS Cancels Over 1.3 Million Lapsed Equity Incentive Rights
Jul 9, 2026
IRESS Limited has announced the lapse of a total of more than 1.3 million equity-linked incentives, comprising share appreciation rights and performance rights that have ceased because their vesting conditions were not, or could no longer be, sati...
IRESS Issues New Unquoted Equity Rights Under Employee Incentive Schemes
Jul 9, 2026
IRESS Limited has issued new unquoted equity securities under its employee incentive schemes, comprising 165,112 share appreciation rights and 379,709 performance rights. These securities, which are not intended to be quoted on the ASX, form part ...
IRESS issues 357,071 new shares on conversion of unquoted equity
Jul 9, 2026
IRESS Limited has notified the market of the issue and transfer of 357,071 ordinary fully paid shares following the conversion or exercise of previously unquoted equity securities. The new shares, effective from 1 April 2026, reflect the company&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.