Iress said its UK business lifted revenue 12% to A$57.4m (£27.9m) in the first half of the year compared to 12 months ago, as it added broker platforms and upgraded software.  

The Australian financial services software firm added that its UK Wealth & Sourcing unit saw recurring revenue lift 7%, while non-recurring revenue jumped 67%, due primarily to a large client implementation project in the period. 

Its UK Wealth & Sourcing unit provides financial advice platforms to professionals in Britain — as well as mortgage broker, protection and retirement sourcing software. 

In the period, it launched an integration with the CIExpert platform “driving greater efficiencies for advisers and brokers,” extended its relationship with intermediary platform Acre and upgraded its sourcing software. 

Last August, the group sold its UK mortgage sales and originations business to Bain Capital Tech Opportunities for £85m before costs. 

Iress chief executive for the UK Alistair Morgan said in a trading statement: “Our exceptional results are a direct reflection of our dedication to listening closely to our UK customers, forging deeper strategic partnerships and investing in technology uplifts that empower financial professionals to navigate and lead through industry change.” 

Overall, the group posted a flat net profit after tax of A$17.3m (£8.4m) on sales down 3% to A$299.5m (£145.3m), adding that revenue was aided by a “strong performance” in its UK Wealth & Sourcing and Global Trading & Market Data businesses.