Australia's Integrated Research plunges on weak FY EBITDA outlook

Integrated Research

17/07/2025 06:38

** Integrated Research IRI.AX plunges as much as 19.4% to 3-week low of A$0.395

** Stock marks biggest intraday pct drop since December 23, 2024

** Software firm expects full-year EBITDA of A$15 mln ($9.7 mln)-A$17 mln, lower than year-ago A$24.6 mln

** Sees 19%-21% decline in FY total contract value, with 17%-20% drop in annual statutory revenue

** Says sustained market uncertainty throughout year delayed anticipated business opportunities into FY26

** IRI last down 15.3%, takes YTD losses to 7.8%

($1 = A$1.5408)

 (Reporting by Ananya Verma in Bengaluru)

 ((Ananya.Verma@thomsonreuters.com;))