IRESS LIMITED RESPONDS TO MEDIA SPECULATION
Melbourne-based technology company IRESS Ltd, known for its real-time information services in the equity, equity options, and futures markets of Australia and New Zealand, has addressed recent media speculation regarding potential acquisition interest. The company, listed on the ASX All Markets, confirmed that it had considered a prior acquisition offer from Blackstone at a price of A$10.50 per share. However, this offer was subsequently withdrawn.
As of August 5, 2025, IRESS Ltd’s share price closed at A$8.28, with a 52-week high of A$11.06 and a low of A$6.95. The company’s market capitalization stands at approximately A$1.48 billion, and it has a price-to-earnings ratio of 17.486. IRESS Ltd is currently in the early stages of evaluating its strategic options following the withdrawal of the offer.
ASX 200 AND GLOBAL MARKET MOVEMENTS
On the broader market front, ASX 200 futures were down 25 points, or 0.28%, as of 8:30 am AEST on August 7, 2025. The S&P 500 experienced a slight decline overnight, while the Nasdaq reached a new record high, buoyed by gains from Apple, which announced a commitment of US$600 billion in US investments, now exempt from Trump’s 100% chip tariff.
NET TANGIBLE ASSET BACKING
In other financial news, IRESS Ltd reported its monthly net tangible asset (NTA) backing per share as of July 31, 2025. The before-tax NTA backing was 92.4 cents per share, while the after-tax figure, accounting for deferred tax on unrealized gains in the company’s investment portfolio, was 89.2 cents per share. The share price at the time was 83.0 cents per share. IRESS Ltd, as a long-term investor, does not intend to dispose of its total long-term investment portfolio.
INFOMEDIA AND TPG AGREEMENT
Separately, Infomedia Limited (ASX:IFM) entered into a scheme implementation agreement with TPG, with TPG agreeing to a cash consideration of $1.72 per Infomedia share. This agreement marks a significant development for Infomedia, a data analytics and software solutions company.
These developments highlight the dynamic nature of the technology and financial sectors, with companies like IRESS Ltd and Infomedia navigating strategic decisions and market fluctuations.