Iress Limited (IRSMF) Q2 2026 Earnings Call Transcript

Operator

Thank you for standing by, and welcome to the Iress Limited 2026 Half Year Financial Results Conference Call. [Operator Instructions]

I would now like to hand the conference over to Andrew Russell, Iress CEO and Managing Director. Please go ahead.

Andrew Russell
Group CEO, MD & Director

Good morning, and thank you for joining us. I’m Andrew Russell, Group CEO and Managing Director, and I’m joined by Cameron Williamson, our Chief Financial Officer. Today, we’ll take you through our first half performance, updated FY ’26 guidance and the progress we’re making against the strategic priorities we outlined at our AGM. Most importantly, we’ll show how disciplined execution is building a stronger, higher-quality software business and positioning Iress for sustainable long-term value creation.

There are 5 key messages for our shareholders today. First, we have delivered a solid first half result with materially improved earnings quality, driven by disciplined execution, a simpler operating model and continued margin expansion. Second, we have continued to simplify the business, progressed our business efficiency program ahead of plan and strengthened the balance sheet. This provides greater financial flexibility to self-fund disciplined investment in product evolution.

Third, our focus has now shifted to evolving our products. Having mobilized our partnership with Thoughtworks in April, we are now embedding AI into our product and engineering strategy and improving our delivery velocity. Fourth, our focus is on building a higher-quality software business with better products, stronger customer relationships and more consistent commercial execution. We