IODM Limited (ASX:IOD) Reports Revenue Growth and Achieves New UK Education Threshold
Revenue Performance
IODM Limited (ASX:IOD) announced that its UK Education segment revenue from implemented universities has exceeded expectations, achieving a new minimum monthly revenue threshold of GBP75k, marking a 50% increase compared to the previous level. Year-to-date, unaudited revenue for 1H25 reached A$1.345m, a 60.5% increase on the prior comparable period, with UK Education revenue up by 110% to A$0.936m. This performance surpassed the company’s forecasts of A$1.16m group revenue and A$780k for UK Education.
Future Outlook
IODM’s elevated revenue threshold is set to result in a minimum revenue contribution of A$899k for UK Education in 2H25, representing a 37% increase over the prior period. With twelve implemented universities year-to-date and a strong pipeline of new implementations, the company anticipates continued revenue growth.
Executive Comments
CEO Mark Reilly stated, “I am extremely pleased to provide this update to the Market. The achievement of the GBP75k per month threshold in such a relatively truncated time frame, clearly demonstrates the efficacy of the system and the extremely positive results that both the universities and Convera are enjoying from the continued utilisation of IODM connect platform.”
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