IODM Limited (ASX: IOD) (“IODM” or “the Company”), is pleased to provide an update on its’ United Kingdom Education (“UK Education”) segment revenue.
Pursuant to the exclusive revenue share agreements conducted with Convera in respect of the UK and EU regions, IODM is guaranteed a minimum monthly payment for the duration of the arrangement. The quantum of the minimum monthly payment is determined by the revenue threshold attained by the Company.
IODM has now achieved the revenue threshold necessary to activate an increase of the monthly minimum payment from GBP75,000.00 to GBP100,000.00. The threshold uplift was underpinned by an exceptional July 2025 performance where organic growth from existing Educational Institutions (EI’s) and revenue from new EI on-boarding collectively contributed to a 242% increase on the Previous Corresponding Period (“PCP”).
UK Education receipts for July 2025 in an amount of AUD$250k* exceeded the guaranteed minimum payment (AUD$150k*) by c.67%. Conversely, for July 2024 the Company received the guaranteed minimum payment in an amount of AUD$99k* as it exceeded actual performance for that month (of AUD$73k*). Pleasingly, the July 2025 result was achieved in what is normally a quiet quarter for EI’s in the Northern Hemisphere.
The guaranteed minimum threshold increase is effective from August 2025 and represents the 4th guaranteed minimum revenue threshold escalation since agreement inception. On an annualised basis, the minimum payment to IODM is now AUD2.39m*, an increase of 100% on PCP.
AUD/GBP Assumption – 0.5004
The Level 4 threshold escalation results in a 33% increase in the guaranteed minimum monthly payment to the Company with an annualised increment of c. AUD$600k*.
IODM CEO, Mark Reilly said:
“It is becoming overwhelmingly evident that the IODM Connect platform is not only pivotal in procuring initial university on-boarding but also underpinning longer term organic growth from on-boarded educational institutions.
IODM is ideally positioned to benefit from the upcoming traditional busy invoicing period in UK Education and the Company continues to increase wallet share through product and platform enhancements.
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