Slide 1: FY26 Results Presentation
FY26 Results Presentation 27 August 2026
Slide 2: FY26 delivered record flows across the Group
FY26 delivered record flows across the Group, reinforcing the market leadership positions of Generation Life, Evidentia and Presenters Lonsec through record sales and FUM, managed account growth and an expanded research and governance platform FY26 Highlights Strategy Grant Hackett OAM Andrew Mellor
Slide 3: To be Australia's most admired financial services company
To be Australia’s most admired financial Clarity services company, recognised for our We simplify complexity to create clarity and understanding — our performance, innovation and commitment to commitment towards ensuring our customers, shareholders and people understand the why, the how and the impa
Slide 4: Group structure is designed to drive high-performance, accountability and execution
Group structure is designed to drive high-performance, accountability and execution FUM growth driving revenue and earnings #1 Investment Bond market Redefining how Australians $46.5bn 37% PCP 4 build and protect the Group FUM share of FUM and wealth of each generation inflows 1 #1 Managed $9.7bn 3
Slide 5: FY26 Highlights
Generation Development Group 5
Slide 6: Positioned to capture regulatory and demographic tailwinds across core markets
Positioned to capture regulatory and demographic tailwinds across core markets Delivering the Next Financial Highlights1 Executing our Strategy Stage of Growth Total group FUM of $46.5bn (up 37%) Disciplined execution, sustained growth Leveraging leadership positions and scale and targeted investmen
Slide 7: Key operating metrics
3 1 2 years 52% 10% Average investment term across Investment Bonds gross Active financial advisers all active Investment Bonds as inflows for 12-month period at 30 June 2026 1 4 5 14% licensees Managed Accounts net inflows 2yr CAGR vs System Key Client Relationships for 12-month period 1 1 1 9% 13%
Slide 8: FY26 Financial Highlights
FY26 Financial Highlights 1 Highlights Revenue Underlying EBITDA Group 4 37% 23% 18% 21% Group FUM Underlying NPAT 4 35% 2 34% 57% 10% Investment Bonds FUM Statutory NPAT 37% 26% 22% Managed Accounts FUM 9% 7% 15% Full year dividend (fully franked) Products researched 1. PCP compared to FY25 reporte
Slide 9: FUM, revenue and underlying EBITDA growth
FUM growth Revenue growth Underlying EBITDA c. 77% CAGR c. 23% CAGR 1 1 growth c. 37% CAGR 1 on a per share basis on a per share basis on a per share basis 2,3 Group FUM ($bn) Group Revenue ($m) Group Underlying EBITDA ($m) $50 $46.5 $200 $70 $178.7 $45 $180 $59.2 $60 $40 $160 $144.8 $50.3 $34.0 $50
Slide 10: Strategy
Generation Development Group 10
Slide 11: Leveraging structural and legislative tailwinds in retirement, advice and platform adoption
Leveraging structural and legislative tailwinds in retirement, advice and platform adoption Capturing opportunities through targeted investment in core businesses and selective acquisitions aligned to strategy Capitalise on structural, demographic and Accelerate product and digital innovation Expand
Slide 12: Generation Life #1 – record 59% share of annual market inflows
.$60bn 1 2 Generation Life #1 – record 59% share of annual market inflows to March 2026 50% Investment Bonds Market Share 2 40% 39.1% at March 2026 Structural policy and demographic tailwinds support long-term growth in investment 29.2% 30% bonds and retirement solutions 20% 10% 7.9% 7.1% 6.9% Divis
Slide 13: Investing to extend our leadership position
Investing to extend our leadership position Medium-term Expand beyond product provider to trusted wealth solutions partner, leveraging digital innovation, automation strategy focus and AI to enhance engagement, improve efficiency and scale adviser and client outcomes Strengthen our leadership positi
Slide 14: Market share gains continue c. 1.8x system growth
Market share gains continue c. 1.8x system growth 1 Leading position in a large, growing market – #1 managed accounts provider by 3 FUM in a market TAM forecast to exceed $520bn by 2030 20% Estimated market share by FUM of top 12 Managed Account providers2 15% 12.9% Structural tailwinds support long
Slide 15: Driving growth through stronger client relationships, distribution and operational excellence
Driving growth through stronger client relationships, distribution and operational excellence Medium-term Post integration of Lonsec Investment Solutions and Implemented Portfolios, Evidentia Group is focused on scaling its strategy focus platform to capitalise on the strong projected market growth
Slide 16: One integrated platform: one scalable, differentiated wealth business
One integrated platform: one scalable, differentiated wealth business Integration completed June 2026, delivered on time and within budget Expanded distribution, adviser reach and implementation capability Unique, scaled offer across licensees, platforms, advisers and institutions Acquisition of Enc
Slide 17: Momentum driven by adviser adoption and increasing demand for governance solutions
Momentum driven by adviser adoption and increasing demand for Lonsec Research and Ratings - Products Researched governance solutions 8% CAGR 2,001 1 Strong pipeline of ratings opportunities – Managed Funds, ETFs, SMAs and super 1,836 fund options 1,732 1,556 1,438 Broad demand across multiple asset
Slide 18: Building a diversified financial services platform
Building a diversified financial services platform through brand, technology, expansion and innovation Medium-term Drive sustainable growth through revenue diversification, technology-enabled scale, international expansion strategy focus and the development of market-leading governance, retirement a
Slide 19: Disciplined AI deployment, Partnership-led delivery
Disciplined AI deployment Partnership-led delivery Integrated into current workflows; Leveraging external partners to prioritising high-impact use cases across accelerate capability and access research, portfolio analytics and reporting specialist expertise Phased rollout to drive productivity, Capi
Slide 20: Progress since last half
Progress since last half: Approved a Board-endorsed Group AI Governance Framework Created formal AI governance and accountability structures Deploying targeted AI initiatives across core workflows Embedding human oversight and risk controls Maintained a capital-light, partnership-led approach Focuse
Slide 21: Strong distribution and platform economics drive sustainable earnings and shareholder returns
Strong distribution and platform economics drive sustainable earnings and shareholder returns GROWTH BUSINESS FINANCIAL CAPITAL SHAREHOLDER DRIVERS OUTCOMES OUTCOMES ALLOCATION OUTCOMES Distribution & adviser Net inflows Revenue growth Investment in product, EPS growth relationships / products platf
Slide 22: FY26 Financial Results
Generation Development Group 22
Slide 23: Generation Development Group Consolidated
Generation Development Group Consolidated (A$’000) Consolidated Proforma Change FY26 FY25 % • Excellent growth in revenue, EBITDA and NPAT driven by strong net inflows Operating Revenue and Other Income 165,205 135,048 22% across Gen Life and Evidentia, solid 2 Income Tax Rebate 13,512 9,772 38% ope
Slide 24: Generation Life
Generation Life (A$’000) FY25 FY26 Proforma Change Change % • Revenue and earnings increased Operating Revenue and Other Income 60,385 45,482 14,903 33% due to continued market leadership, growth in our 3 Income Tax Rebate 13,512 9,772 3,740 38% distribution network and continued penetration of inve
Slide 25: Evidentia Group
Evidentia Group (A$’000) FY25 FY26 Proforma Change Change % • Revenue and earnings growth Total Revenue 58,806 46,568 12,238 26% reflected the benefits of the merger and market leadership, broader distribution reach and increasing scale across the platform Total Expenses (33,720) (25,969) (7,751) 30
Slide 26: Lonsec Research and Ratings
Lonsec Research and Ratings (A$’000) FY25 FY26 Proforma Change Change % • Revenue uplift in FY26 driven by Total Revenue 45,802 42,831 2,971 7% growth in core business and expansion of services Total Expenses (22,981) (22,955) (26) 0% • Disciplined cost management drove Underlying EBITDA 22,821 19,8
Slide 27: Balance sheet
FY26 FY25 1 Cash and cash equivalents 114,774 105,804 Trade Receivables 9,739 8,082 • Cash and cash equivalents includes Income tax receivable 9,446 10,504 year-end unallocated client application and redemption funds held in trust as Right-of-use assets 3,956 5,896 footnoted below Plant and equipmen
Slide 28: Outlook
Generation Development Group 28
Slide 29: Market leaders: three-to-five-year objectives remain on track
Market leaders: three-to-five-year objectives remain on track1 Improving operating leverage Disciplined investment Multiple Growth Drivers over the medium-term supporting long-term growth 2 Strong growth in FUM supported by ongoing FY27 Group underlying operating expense Ongoing net cash position, p
Slide 30: Appendix
Generation Development Group 30
Slide 31: Appendix
Generation Development Group 31
Slide 32: Underlying to statutory profit reconciliation
Generation Development Group Consolidated FY26 FY25 Change Change % 1 Underlying profit after tax (A$’000) 40,711 30,205 10,506 35% Other items (net of applicable tax) (A$’000): Gain on remeasurement of pre-existing interest in Lonsec - 75,142 (75,142) (100%) Remeasurement of contingent consideratio
Slide 33: FY25 proforma disclosure format reconciliation
Generation Development Group Consolidated (A$’000) Evidentia Changes to income 1 2 Prior year disclosure format FY25 Proforma pre-acquisition tax rebate FY25 Results Revenue 148,183 10,833 (3,946) 141,297 3 Expenses (101,984) (6,395) - (95,589) Underlying profit before tax 46,198 4,437 (3,946) 45,70
Slide 34: Consolidated FY26 by segment
Generation Development Group Consolidated (A$’000) Corporate Generation Life Evidentia Lonsec Consolidated Operating Revenue 60,385 58,451 45,802 164,638 Other Income 212 355 567 Income Tax Rebate 13,512 13,512 Total Revenue 212 73,896 58,806 45,802 178,716 Personnel Expenses (9,544) (16,738) (25,71
Slide 35: Consolidated 2H26 by segment
Generation Development Group Consolidated (A$’000) Corporate Generation Life Evidentia Lonsec Consolidated Operating Revenue 28,831 27,997 23,004 79,832 Other Income 108 156 264 Income Tax Rebate 6,372 6,372 Total Revenue 108 35,203 28,153 23,004 86,468 Personnel Expenses (5,005) (7,975) (13,188) (8
Slide 36: Consolidated 1H26 by segment
Generation Development Group Consolidated (A$’000) Corporate Generation Life Evidentia Lonsec Consolidated Operating Revenue 31,554 30,454 22,798 84,806 Other Income 104 199 303 Income Tax Rebate 7,140 7,140 Total Revenue1 104 38,693 30,653 22,798 92,248 Personnel Expenses (4,539) (8,763) (12,526) (
Slide 37: Consolidated FY25 proforma by segment
Generation Development Group Consolidated (A$’000) Corporate Generation Life Evidentia Lonsec Consolidated Operating Revenue 45,482 45,242 42,831 133,555 Other Income 167 1,325 1,492 Income Tax Rebate 9,772 9,772 Total Revenue1 167 55,254 46,568 42,831 144,820 Total Expenses (5,221) (40,407) (25,969
Slide 38: Consolidated 2H25 by segment
Generation Development Group Consolidated (A$’000) Corporate Generation Life Evidentia Lonsec Consolidated Operating Revenue 21,995 21,248 21,378 64,621 Other Income 81 167 248 Income Tax Rebate 6,570 6,570 Total Revenue1 81 28,565 21,415 21,378 71,439 Total Expenses (4,284) (17,004) (12,683) (11,68
Slide 39: Consolidated 1H25 by segment
Generation Development Group Consolidated (A$’000) Corporate Generation Life Evidentia Lonsec Consolidated Operating Revenue 23,487 23,994 21,453 68,934 Other Income 86 1,158 1,244 Income Tax Rebate 3,202 3,202 Total Revenue 86 26,689 25,153 21,453 73,381 Total Expenses (937) (23,403) (13,286) (11,2
Slide 40: Disclaimer
Disclaimer This presentation has been prepared by Generation Development Group Limited ABN 90 087 334 370 (GDG). GDG believes that the information in this presentation is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under an
Slide 41: Proud owner of Generation Life, Evidentia, Lonsec
ny generation development group Proud owner of pag gereration “EVIDENTIA Lonsec