Team Plc · LSE:TEAM
Team — H1 2026 Earnings Presentation
21 slides from Team's earnings presentation, June 2026
Slide 1: Interim results for the six months ending 31 March 2026
Interim results for the six months ending 31 March 2026 June 2026
Slide 2: Contents
Contents 3. Operational and strategic overview 10. Segmental results 15. Outlook and guidance 18. Financial results 2
Slide 3: Operational Highlights
Operational Highlights Key developments in the period • Strong organic revenue growth, building on an already impressive track record. • Acquisition of WH Ireland completed on 24th March, with integration within the TEAM Group progressing well. • Acquisitions of EPIC Fund Services (Guernsey) and eig
Slide 4: Revenue and Earnings Highlights H1 v. H1
Highlights H1 26 v. H1 25 Revenue Investment Total Advisory TEAM Intl. £6.9m £1.5m management £0.98m £4.4m revenue revenue revenue revenue +18%1 +47%2 + 35%1 +8% Earnings Adjusted Profit before Adj. EBITDA (£1.8m) EPS (0.8p) £(1.8)m Dividends nil tax 0% +50% 0% +53% AUM/A Net Inflows3 £108m Total AU
Slide 5: Continued growth in clients and AuA/M
Continued growth in clients and AuA/M Group total AUA/M H1 FY 25 H1 FY 26 change (£m) Opening AUA/M 1.1 1.1 2% Net flows 45 153 240% • Continuing inflows in International combined with Other (21) - -100% improving inflows across other Group operations. Acquired - 848 - Closing AuA/M 1,112 2,245 102%
Slide 6: MPS investment performance to March 26
MPS investment performance to March 26 Period to 30 Mar’26 3 month 1 year 3 year 5 year Multi Asset Growth 4.59% 33.32% 51.59% 60.93% High risk MPI High Risk -2.07% 10.74% 25.33% 27.20% Outperformance 6.66% 22.58% 26.26% 33.73% Multi Asset Balanced 3.65% 25.82% 43.52% 52.36% Medium risk MPI Medium R
Slide 7: TEAM's Platform
TEAM’s Platform 56%* 16% 28% Investment Advice & International Management Consultancy * Refers to % of total AuA/M
Slide 8: Benefits of Recent Acquisitions
Benefits of Recent Acquisitions WH Ireland • Well respected brand and strategic partner • Adds valuable UK regulatory permissions • Option to utilise tax losses of up to £18m • Brings immediate scale and cash at acquisition of £2.4m • Enlarged shareholder base EPIC Book • AUM of £157m • Well diversi
Slide 9: Growth Strategies – The foundations are built
Growth Strategies – The foundations are built Acquisitions JV’s IM Recruitment Synergies Cross-selling Platform and talent into sustainable earnings 9
Slide 10: Segmental results
Segmental results 10
Slide 11: Segmental results – Investment and Fund Management
Segmental results – Investment and Fund Management Investment and Fund Management (“IFM”) • Revenues continue to increase across Group operations, supported by ongoing excellent investment performance. £000’s % change (unless otherwise stated) H1’25 H1’26 vs H1’25 • WH Ireland integration proceeding
Slide 12: Segmental results – Advice and Consultancy
Segmental results – Advice and Consultancy Advice and consultancy (“A&C”) • Strong revenue growth £000’s % change H1’25 H1’26 (unless otherwise stated) vs H1’25 • Synergies between Jersey businesses reducing overall cost base AUA (£m) 280 356 27% • JCAP treasury services focused on management of cas
Slide 13: Segmental results – International
Segmental results – International International (“International”) • Growing revenues and AUM £000’s % change H1’25 H1’26 (unless otherwise stated) vs H1’25 • Unique business model AUM (£m) 487 624 28% • Proven ability to attract investment managers to the platform Revenue 4,081 4,404 8% • 11 investm
Slide 14: Segmental reporting
Segmental reporting H1 FY26 6 months to March 26 Investment management Advice TEAM International Central costs Total Group Revenue 977 1,474 4,404 - 6,855 Cost of sales -197 -12 -2,751 -24 -2,984 Operating expenses -843 -1,493 -1,611 -454 -4,401 Underlying PBT -63 -31 42 -1,774 -1,826 AUM/A 1,265 35
Slide 15: Outlook and guidance
Outlook and guidance 15
Slide 16: Share Incentive Plan
Share Incentive Plan New share incentive plan will: • Include all staff • Create a new group of shareholders • Support staff retention • Align employees with shareholders • Support market liquidity 16
Slide 17: TEAM investment thesis
- Private & confidential - TEAM investment thesis Exposure to stable and high growth markets UK, Channel Islands and TEAM International delivering a diversified revenue base and a true cross border (regulated) client capability and proposition A modern, efficient, scalable UK & International platfor
Slide 18: Financial results
Financial results 18
Slide 19: P&L Commentary
P&L (£m) H1 FY25 H1 FY26 % change Commentary Revenue 5.8 6.9 19% Cost of sales -2.7 -3.0 11% Operating expenses -4.5 -5.6 24% Operating profit/(loss) -1.4 -1.7 21% Fair value gains on financial instruments 0.0 0.0 0% Amortisation / impairment of intangible assets -0.2 0.0 -100% Other income and char
Slide 20: Balance sheet
Balance sheet £’000 FY26 FY25 Non-current assets Intangible assets 6,796 4,901 Property, plant & equipment 271 46 Other non-current assets 12,415 7,093 19,482 12,040 Current assets Trade, other receivables, and prepayments 3,796 767 Cash and cash equivalents 3,789 2,160 7,585 2,927 Liabilities Trade
Slide 21: Cash flows
- Private & confidential - Cash flows £’000 FY26 FY25 Cash flows from operating activities Loss for the year before tax (1,826) (1,757) Adjustments to cash flows from non-cash items: Depreciation and amortisation 664 603 Finance costs 122 170 Fair value (gains) on financial instruments - - Impairmen