Iress UK sees strong earnings growth in H1 results
Its adjusted EBITDA was up 43% to £4.6m compared to £3.5m in the same period last year.
Iress UK has reported strong earnings growth in its H1 2026 results, with adjusted EBITDA up 43% to £4.6m compared to £3.5m in the same period last year.
Revenue increased by 3%, while operating expenses were down 5.3%.
Andrew Russell, group CEO and managing director at Iress, said: “Execution has shifted from simplifying the business to investing in product evolution and sustainable growth.
“We are evolving our products, accelerating engineering capability and increasing delivery velocity through our partnership with Thoughtworks and the disciplined adoption of AI.
“While revenue growth is expected to remain measured in the near term, we are confident in our strategy and in delivering our FY26 Cash EBITDA margin exit run-rate target of 25%.”
Russell added: “Our focus is on building a higher quality software business with better products, stronger customer relationships and disciplined capital allocation to create sustainable long-term value.”
Alistair Morgan, CEO for the UK at Iress, said: “It’s particularly encouraging to see our investment in Xplan strengthening our position with the UK’s largest wealth businesses.
“As industry consolidation continues, our experience supporting complex migrations puts us in a strong position to help firms integrate businesses, simplify technology and improve operational efficiency.
“We’re embracing AI across the business, including in engineering, where our partnership with Thoughtworks is helping us accelerate our capabilities.”
Morgan added: “I’m looking forward to showcasing the new Xplan capabilities, including AI-enabled adviser workflow and productivity tools, at our showcase event in November.
“In Sourcing, we reported record business volumes across our Protection and Retirement services, reflecting the scale and distribution of our platforms across the market.
“We’re continuing to strengthen that position through sustained investment in our mortgage, protection and retirement technology, driven by client feedback.”
He said: “Across both businesses, we’ll continue to focus on doing what works: listening to our clients, responding to what they need and investing in the technology and support that the UK market needs today and in the future.”
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