Australian-owned adviser fintech Iress said earnings at its UK business grew 43% to £4.6m in the first half of the year, climbing from £3.5m in the same period in 2025.
It said revenue grew 3% while the firm said it cut operating expenses by 5.3%.
Alistair Morgan, Iress’ CEO for the UK, said: “Our first-half performance reflects a focus on strengthening our UK business through better client outcomes and technology investment to drive long-term growth.”
He said the business’s investment in its Xplan technology proposition strengthened its position in UK wealth, with it being used by five of the top eight UK wealth managers by AUM, according to Iress.
During the period Iress said it achieved several wins across the UK wealth market, including Royal Bank of Canada (RBC) Brewin Dolphin going live on Xplan. It also completed the consolidation of the Evelyn Partners group onto a single operating system.
Mr Morgan said: “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.”
He said the firm is embracing AI across the business, including in engineering, where a partnership with Thoughtworks is helping the firm accelerate its capabilities. He said new Xplan capabilities, include AI-enabled adviser workflow and productivity tools, will be showcased at an event in November.
Iress is a technology company providing software to the financial services industry. It provide software and services for trading and market data, financial advice, investment management, superannuation, life and pensions and data intelligence in Asia-Pacific, North America, Africa, the UK and Europe.
Andrew Russell, Iress’ group CEO & managing director, 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.”
He said revenue growth at the firm is expected to “remain measured in the near term.”