Iress recently announced strong financial results for its UK division for the full year ended 31 December 2025, making a meaningful contribution to the Group’s overall financial performance. Here are the details;
The UK business’ performance was driven by new client wins in its Wealth division, continued focus on client success and innovation in Sourcing, and ongoing cost discipline.
Key financial highlights for the UK business include:
- Earnings growth (Adjusted EBITDA): 43% increase to £12.0 million (from £8.4 million in FY24)
- Revenue growth: Up 2.0% compared to the prior corresponding period
- Cost discipline: Operating expenses down 5.2% compared to the prior corresponding period.
Iress’ Group CEO & Managing Director, Andrew Russell said: “Since commencing as Iress’ Group CEO late last year, I have been impressed with the Company’s strong foundations and deep client relationships that provide an excellent platform to build a clear, differentiated, world-class fintech. In FY25, Iress delivered strong financial results ahead of guidance, reflecting a year of disciplined execution and focused delivery.
“We have successfully simplified the Company into a focused Wealth and Trading & Market Data software business. In FY25 we saw the positive impact of this simplification with improved performance across all business units, reflecting ongoing cost discipline and a sharper operational focus.
“Looking ahead, I am confident we will continue this momentum, supported by our accelerated business efficiency program which has already delivered around 60% of an expected $30m in cost savings (by the end of FY26). We are sharpening our client-first execution through targeted reinvestment to modernise our technology stacks, embed AI across our core platforms and align pricing more closely with the value we create for clients.
“Our ambition is clear: to build a durable, high-quality software business, achieved through disciplined sequencing, execution and capital allocation.”
Commenting on UK business’ contribution to Iress’ full year performance, Alistair Morgan, Iress’ CEO for the UK, said: “This year’s results reflect the UK team’s dedication to listening to clients and delivering value that truly meets their needs.
“We made a series of changes to strengthen our Xplan UK service model: standardising all managed sites, overhauling our support structure with the merge of Operations and Relationship Management into a single function, and introducing a UK-specific product roadmap shaped by UK wealth managers feedback. These initiatives collectively drove a marked improvement in our customer satisfaction score. We look forward to sharing more in the year ahead about our ongoing commitment to strengthening and uplifting Xplan through a focused modernisation program.
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