Iress Limited (IRE) Earnings Call Transcripts

Iress Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Iren SpA reported an EBITDA of EUR 480 million, in line with the previous year, and a net profit of EUR 129 million, reflecting a 5% decline. The company confirmed its 2026 guidance, expecting a 4% growth in EBITDA and technical investments of approximately EUR 150 million. Management highlighted a shift towards regulated activities, with a notable increase in synergy contributions, which may positively influence future earnings.

Reported metrics

Guidance from management

Iren confirmed its 2026 guidance, expecting a 4% growth in EBITDA and technical investments of approximately EUR 150 million. The company anticipates net profit to grow over 2% compared to 2025.

What management said

Good afternoon, everybody, and thank you for joining this conference call presenting Iren Group's results as of March 31, 2026. The results will be presented by our Executive Chairman, Luca Fabbro; and our CFO, Giovanni Gazza. At the end of the presentation, there will be the customer Q&A session. I will now hand the floor over to Luca to present the results of the period.

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What analysts pressed on

Analysts expressed concerns regarding the decline in net profit and customer base, questioning the sustainability of growth amid increased competition. There were also inquiries about the impact of lower hydroelectric production on future earnings.

Main topics on the call

• Stable EBITDA Performance — Iren reported an EBITDA of EUR 480 million, consistent with the prior year, driven by organic growth in regulated network businesses and renewable generation. Management stated, "The first quarter EBITDA performance also...
• Synergy Contributions — The company achieved synergy targets contributing EUR 4 million in the first quarter, with expectations to reach EUR 20 million for the full year. Management noted, "We foresee 20 million in the full year" from synergies...
• Decline in Net Profit — Group net profit decreased by 5% to EUR 129 million, attributed to higher depreciation and increased provisions. Management acknowledged, "Group net profit amounted to EUR 129 million, now 5% of EBIT performance," signal...
• Investment in Regulated Activities — Investments in regulated network businesses amounted to EUR 190 million, a 2% increase year-over-year. Management emphasized that these investments are crucial for future growth, stating, "We are laying the foundations f...

Read the full Iress Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 54 Iress Limited earnings call transcripts on record, spanning February 19, 2020 to August 16, 2026. Based on this history, Iress Limited reports quarterly. The most recent call on file is dated August 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IRE

Exchange

ASX

Country

AU

Sector

Information Technology

Industry

Software

Calls on record

54

First call

February 19, 2020

Most recent

August 16, 2026

Reporting cadence

quarterly