Slide 1: For Every Business Australia Loves: FY26 Full Year Results
FOR EVERY BUSINESS AUSTRALIA LOVES FY26 Full Year Results Investor Presentation 25 August 2026 1
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Tyro Payments Limited (ABN 49 103 575 042) and its controlled entities (variously, “Tyro”, “us”, “we”, “our” and “Group”) and is current at 25 August 2026. It is information given in summary form only and does not purport to be complete. It should be read
Slide 3: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY We acknowledge the Traditional Owners of the land on which we meet today. We pay our respects to Elders past and present. 3
Slide 4: CEO Update
CEO UPDATE Nigel Lee Chief Executive Officer 4
Slide 5: FY26 Results: Key Themes
FY26 RESULTS: KEY THEMES EXECUTING NEXT PHASE OF GROWTH IN $1 TRILLION PAYMENTS MARKET1 Investment is focused on our priority growth opportunities - Health, Banking, Enterprise and eCommerce MORE CASH GENERATIVE, BENEFITTING FROM INCREASED SCALE AND OPERATING LEVERAGE Met FY26 guidance, delivering s
Slide 6: FY26 Results: Delivered Guidance
FY26 RESULTS: DELIVERED GUIDANCE Gross Profit $231.8m +5.3% TTV growth and higher banking adoption EBITDA $66.9m +8.6% Continued improvement in operating efficiency Free Cash Flow $29.4m +49.5% Greater free-cash conversion from EBITDA growing on flat D&A MORE CASH GENERATIVE AS WE CONTINUE TO BENEFI
Slide 7: A Large Market Opportunity Uniquely Positioned to Win
A LARGE MARKET OPPORTUNITY UNIQUELY POSITIONED TO WIN THE AUSTRALIAN PAYMENTS MARKET WHY WE WIN THE ECONOMICS ~$1TN ONE PLATFORM 44% FCF CONVERSION4 Large and underserved1 Integrated and hard to replicate Strong profitability with improving economics 2.7m Australian SMEs2 Payments + banking + softwa
Slide 8: In FY26 We Sharpened Our Strategy, Now We're Executing
IN FY26 WE SHARPENED OUR STRATEGY NOW WE'RE EXECUTING FY26 — WHAT WE’VE DELIVERED FY27 — WHERE WE’RE HEADING • Investing in Health, Banking, Enterprise and • Allied +26%, Dental +19% BIGGER • eCommerce +25% eCommerce MARKET • Expanded distribution • Realigned Sales teams where Tyro has the strongest
Slide 9: Powering Australian Business to Thrive
POWERING AUSTRALIAN BUSINESS TO THRIVE CREATING MORE VALUE FOR CUSTOMERS AND SHAREHOLDERS WHAT MERCHANTS NEED WHAT WE OFFER GET PAID PAYMENTS GROW THE BUSINESS BANKING FINANCIAL RUN THE BUSINESS MANAGEMENT WHAT IT DELIVERS BETTER CUSTOMER OUTCOMES STRONGER TYRO ECONOMICS SHAREHOLDER VALUE Simpler me
Slide 10: Tyro Is Uniquely Positioned to Win in Australia
TYRO IS UNIQUELY POSITIONED TO WIN IN AUSTRALIA DOMESTIC CHAMPION FOR AUSTRALIA’S SMES LOCAL DEEPLY INTEGRATED SCALE DEPTH ECOSYSTEM & BREADTH Australian sales and support 580+ POS, PMS and software ~78,000 merchants Deep vertical expertise integrations >$44bn annual TTV Purpose-built for Embedded i
Slide 11: Health: A High-Growth Platform of Significant Value
HEALTH: A HIGH-GROWTH PLATFORM OF SIGNIFICANT VALUE 01 ATTRACTIVE MARKET 02 DIFFERENTIATED PLATFORM 03 HEALTH EXPANSION AUSTRALIAN HEALTH MARKET SUB-VERTICALS $110bn+ Australian Health spend p.a.1 BUILT FOR HEALTHCARE WITH DEEP EXPERTISE EMBEDDED INTO A HIGHLY INTEGRATED ENVIRONMENT General Practice
Slide 12: Banking Deepens Merchant Relationships and Improves Customer Economics
BANKING DEEPENS MERCHANT RELATIONSHIPS AND IMPROVES CUSTOMER ECONOMICS Settle payments Deposits are low-cost into TTA funding for lending 34% FRONT-BOOK ADOPTION of new merchants PAYMENTS TRANSACTION ACCOUNT CASH FLOW LOAN MORE VALUABLE MERCHANTS chose to bank with Tyro in June +35% ACTIVE ACCOUNTS
Slide 13: Winning with Larger Merchants
WINNING WITH LARGER MERCHANTS More leading Australian businesses are choosing Tyro for integrated payments, banking and software . LOCALISATION INNOVATION ECOMMERCE FRANCHISE ENTERPRISE MERCHANTS DRIVE HIGHER VOLUMES, DEEPER RELATIONSHIPS AND STRONGER LONG-TERM SHAREHOLDER VALUE 13
Slide 14: Our Investments Have Unlocked New Growth Opportunities
OUR INVESTMENTS HAVE UNLOCKED NEW GROWTH OPPORTUNITIES Investments in our platform have broadened our proposition and expanded where we can compete HEALTH LARGER MERCHANTS SMEs Tailored end-to-end offering Enterprise-grade proposition Multi-product adoption Significant growth runway in Allied, Omnic
Slide 15: Financial Performance
FINANCIAL PERFORMANCE Emma Burke Chief Financial Officer 15
Slide 16: FY26 Delivered Stronger Earnings and Cash Generation
FY26 DELIVERED STRONGER EARNINGS AND CASH GENERATION Gross profit Payments TTV Banking gross profit GROWTH $231.8m +5.3% $44.3bn +2.9% $16.5m +23.0% EBITDA EBITDA margin Normalised PBT PROFITABILITY $66.9m +8.6% 28.9% up 87bps $24.7m +40.0% Free cash flow Available own funds (before regulatory req’s
Slide 17: Core Payments Volumes Continued to Grow Despite Macro Headwinds
CORE PAYMENTS VOLUMES CONTINUED TO GROW DESPITE MACRO HEADWINDS Gross payments margin (bps) 45.3 45.9 +0.5bps Core payment volumes grew 4.4% 43.5 Improvement in • Focused sales execution and improved Gross margin1 merchant retention TTV ($bn) 42.9 43.0 44.3 • Health growth moderated by changes 4.2 3
Slide 18: Banking Adoption Is Driving Strong Returns
BANKING ADOPTION IS DRIVING STRONG RETURNS ACTIVE BANKING ACCOUNTS (#) CUSTOMER DEPOSITS1 ($m) LOAN ORIGINATIONS2 ($m) BANKING CONTRIBUTION More merchants actively using Tyro Customer balances increased as More merchants borrowing to support Banking returns remained strong Banking adoption grew cash
Slide 19: Disciplined Execution Continues to Improve Operating Efficiency
DISCIPLINED EXECUTION CONTINUES TO IMPROVE OPERATING EFFICIENCY OPERATING EXPENSES AS % OF GROSS PROFIT1 76.3% 71.2% 69.3% 68.6% YoY 3-year growth CAGR • Gross Profit growing faster 231.8 +5.3% +6.3% than operating expenses 220.1 210.8 • Investing for growth while improving efficiency 193.2 72.8 67.
Slide 20: Scale Is Translating into Stronger Earnings and Cash Generation
SCALE IS TRANSLATING INTO STRONGER EARNINGS AND CASH GENERATION GROSS PROFIT GROWTH EBITDA MARGIN EXPANSION CONTINUED STRONG CASH GENERATION Gross Profit1 ($m) EBITDA ($m) and EBITDA margin (%)2 Free Cash Flow ($m) +5.3% 80 28.9 30 28.0 70 28 26.4 +49.5% 26 60 24 50 22 231.8 40 20 66.9 18 220.1 30 6
Slide 21: Strong Balance Sheet Supports Our Next Phase of Growth
STRONG BALANCE SHEET SUPPORTS OUR NEXT PHASE OF GROWTH HIGHLY CASH GENERATIVE CAPITAL ALLOCATION PRINCIPLES 44% Free Cash Flow as % of EBITDA Cash generated Preserve balance sheet strength and meet regulatory requirements Adding to balance sheet strength and capacity WELL CAPITALISED Grow the busine
Slide 22: FY27 Outlook
FY27 OUTLOOK EXECUTING AGAINST THE OPPORTUNITIES WE HAVE UNLOCKED FY27 GUIDANCE GROSS PROFIT PAYMENTS GROWTH BANKING ADOPTION OPERATING LEVERAGE Core TTV growth More merchants banking Disciplined cost $240M–$255M with Tyro management Improved merchant retention Higher deposits Focused investment EBI
Slide 23: Outlook
OUTLOOK Nigel Lee Chief Executive Officer 23
Slide 24: Key Takeaways
KEY TAKEAWAYS CAPTURING THE OPPORTUNITY FOR GROWTH AND A DIFFERENTIATED RIGHT TO WIN… WITH SIGNIFICANT RUNWAY FOR GROWTH… WE HAVE DELIVERED A STRONG FY26 RESULT… 24
Slide 25: Nigel Lee, CEO; Emma Burke, CFO
Nigel Lee Emma Burke CEO CFO 25
Slide 26: Appendix
APPENDIX 26
Slide 27: Summary of Financial Performance
SUMMARY OF FINANCIAL PERFORMANCE FY26 FY25 Change $’000 $’000 % Transaction value 44,253,320 43,012,367 2.9% Revenue (normalised) 489,420 486,130 0.7% Payments direct expenses (including Bendigo Alliance gross profit share) (256,266) (264,712) (3.2%) Interest expense on deposits (1,336) (1,333) 0.2%
Slide 28: Reconciliation of Statutory to Normalised Results
RECONCILIATION OF STATUTORY TO NORMALISED RESULTS Normalisation adjustments FY26 Bendigo Alliance gross FY26 $’000 unless stated otherwise Investment in associate Thriday and other Statutory profit share Normalised Total revenue 489,763 (344) 489,420 Payments direct expense (247,712) (8,553) (256,26
Slide 29: Financial Position
FINANCIAL POSITION $’000 unless stated otherwise 30 June 2026 30 June 2025 Assets Cash and financial investments1 195,841 286,045 Loans to merchants 65,255 49,118 Property, plant and equipment 44,264 51,291 Intangible assets and goodwill 90,398 87,981 Right-of-use assets 18,822 21,100 Other assets 6
Slide 30: Free Cash Flow
FREE CASH FLOW $’000 unless stated otherwise FY26 FY25 Change Operational cash flows EBITDA 66,893 61,582 5,310 Non-cash adjustments 1,579 (875) 2,454 Capital expenditure (32,694) (32,317) (377) Rent payments (5,183) (4,761) (422) Working capital and other movements (1,241) (3,996) 2,755 Operational
Slide 31: Supplementary Information: Payments
SUPPLEMENTARY INFORMATION: PAYMENTS Transaction Value (TTV) Merchant Count FY26 FY25 Change Proportion of FY26 FY25 Change Performance by vertical $’million $’million % FY26 TTV # # % Hospitality 18,341 17,675 3.8% 41% 15,235 16,111 (5.4%) Retail 10,684 10,282 3.9% 24% 10,437 10,479 (0.4%) Health 7,