IRESS Limited ( (AU:IRE) ) has shared an announcement.
Iress Limited has clarified its financial results for 2024 and provided guidance for 2025, projecting an Adjusted EBITDA of $127m – $135m and NPATA of $54m – $62m. The company announced a final 2024 dividend of 10 cents per share, with a target dividend range of 50-70% of annual NPATA. The UPAT for 2025 is expected to be in the range of $65m – $73m, indicating a 3-15% increase from 2024. The announcement highlights a significant expected decline in M&A and transformation costs, which are anticipated to be $15m – $20m in 2025, down from $42.6m in 2024.
More about IRESS Limited
Iress Limited (ASX:IRE) is a technology company that provides software solutions to the financial services industry. The company offers software and services for trading and market data, financial advice, investment management, superannuation, life and pensions, and data intelligence across regions including Asia-Pacific, North America, Africa, the UK, and Europe.
YTD Price Performance: -2.70%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1B
For an in-depth examination of IRE stock, go to TipRanks’ Stock Analysis page.