Iress reported FY25 results for its UK division for the year ended 31 December 2025, with adjusted EBITDA rising 43% to GBP 12.0 million. Revenue increased 2.0% in FY25, while operating expenses fell 5.2%. Group CEO and Managing Director Andrew Russell said FY25 results were ahead of guidance and noted the business has been simplified into a focused Wealth and Trading & Market Data software company. He added that an accelerated efficiency program has delivered around 60% of expected USD 30 million in cost savings by the end of FY26, alongside plans to modernise technology stacks, embed AI across core platforms and align pricing with client value. In the UK, CEO Alistair Morgan highlighted changes to the Xplan UK service model, including standardising managed sites, combining Operations and Relationship Management, and introducing a UK-specific product roadmap. The company said UK Wealth added 50 new Xplan clients in 2025 and that Xplan now supports five of the UK’s eight largest wealth management firms by assets under management. Iress also completed a large-scale migration for Evelyn Partners and expanded its Partnership Program. Across Wealth and Sourcing, the UK business reported a combined 50 point increase in Net Promoter Score and hosted its first UK client conference, Iress Discover. In Sourcing, Iress cited continued technology investment, including AI functionality and an updated UI, and released new capabilities on The Exchange such as an Automatic Underwriting Indicator, expanded ex-smoker pricing supported by nine providers, and fully online annuity applications with Aviva.

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