Iress stock gains 0.18 percent while Elev8 adds mortgage data

Iress Limited (ISIN AU000000IRE2) was trading at AUD 5.45 on the ASX on October 8, 2026, up AUD 0.01 or 0.18 percent from the prior close. The company has expanded its mortgage and protection data distribution through an integration with Elev8, a CRM platform used by 300 advisers.

Elev8 adds 300 advisers

As FF News reported on October 5, 2026, Iress embedded its mortgage and protection sourcing data into Elev8, which was developed for Access Financial Services by Evolve Tech Solutions.

The arrangement places Iress data inside an adviser workflow rather than requiring users to switch between separate software packages. Financial IT reported that Iress processed more than 66 million mortgage quotes through its web services in 2025.

Revenue fell while profit rose

The operating scale contrasts with the latest reported half-year figures. According to Simply Wall St, first-half 2026 revenue fell 17 percent to AUD 247.1 million from the first half of 2025, while net income rose 85 percent to AUD 32.0 million.

Adjusted earnings per share reached AUD 0.17 in the first half of 2026, compared with AUD 0.093 in the same period of 2025. The comparison points to improved profitability despite lower reported revenue, making cost control and the quality of data-based recurring income central to the investment case.

Consensus target remains above AUD 5.45

The 12-month analyst consensus published by Investing.com rates Iress a Strong Buy, based on 8 analysts. The average target is AUD 8.81, with a high of AUD 11.30 and a low of AUD 7.00.

At AUD 5.45, the average target lies 61.7 percent above the share price. Iress had a market capitalization of AUD 1.0 billion on October 8, 2026, while its 52-week range stood at AUD 5.04 to AUD 10.38 and volume reached 172,640 shares.

Data reach shapes the next phase

Iress says its software serves the financial services industry across Asia-Pacific, North America, Africa and Europe, with more than 1,100 employees, according to its Iress investor centre. The Elev8 integration adds another distribution route for the companys mortgage data and supports the strategy of licensing infrastructure beyond its own platforms.

Iress stock trades above yearly low

Iress stock was last at AUD 5.45 on the ASX on October 8, 2026 at 1:45 p.m. AEDT, with the price AUD 0.41 above its 52-week low of AUD 5.04.

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