Shine Justice Ltd. · ASX:SHJ
Shine Justice — FY2025 Earnings Presentation
24 slides from Shine Justice's earnings presentation, Aug 28, 2025
Slide 1: FY25 Results Presentation
FY25 Results Presentation 28 August 2025
Slide 2: Important Notice
Important Notice This presentation contains certain forward-looking statements with respect and objectives of the management of Shine Justice Ltd. Such forward-looking statements involve both known and unknown risks, uncertainties, assumptions and other important factors which are beyond the control
Slide 3: Contents
Contents 4 Key Messages 7 Personal Injury Overview 9 Class Action Overview 14 Emerging Technology 16 Capital Management 19 FY25 Financial Results 23 Outlook
Slide 4: Key Messages
4 Key Messages FY25 – A year of strategic organisational restructure. Initiatives to drive shareholder value creation in FY26 and beyond: Revenue from Adjusted Operations EBITDA • Restructured Leadership Team – new $204.4m $38.4m CEO and CFO PCP $195.7m PCP $45.0m • Continue to embed efficient proce
Slide 5: Competitive Positioning and Strategic Advantages
5 Competitive Positioning and Strategic Advantages "Shine a light on Injustice" Strategic pillars for growth: #1 Personal Injury law firm in Australia1 Operational Efficiency & Technology Leading PI firm with strong success record. Investing in emerging technology to streamline processes and reduce
Slide 6: Strategic Vision FY26+
6 Strategic Vision FY26+ Catalysing growth and maximising shareholder returns Resilience Realignment Focused growth Fortifying our foundations Adapting to market needs Expanding our impact We are strengthening operations and We are proactively adjusting services We are targeting organic expansion co
Slide 7: Personal Injury Overview
Personal Injury Overview
Slide 8: Personal Injury Segment: Strategic Overview
8 Personal Injury Segment: Strategic Overview Market leadership and growth Comprehensive service offerings Strategic initiatives for personal injury: #1 Personal Injury firm in Australia 1 Our broad case portfolio covers motor Strategic Acquisitions vehicle accidents, workplace injuries, Organic gro
Slide 9: Class Action Overview
Class Action Overview
Slide 10: Class Actions as a High-Yield Growth Engine
10 Class Actions as a High-Yield Growth Engine Operational Expansion & Pipeline Market & Competitive Edge Our national footprint strengthens our capacity for a robust pipeline of Class actions market is expanding, driven by increased public prospective claims. awareness, evolving legal frameworks an
Slide 11: Unlocking High-Value Growth
11 Unlocking High-Value Growth Strategic International Reach Our International Mass Tort (IMT) strategy leverages the Australian class action framework to address complex U.S. torts, creating a significant pipeline of high-value opportunities. We lead this rapidly growing segment, establishing unpar
Slide 12: Litigation Funding Model: A Strategic Imperative
12 Litigation Funding Model: A Strategic Imperative Key benefits of our funding strategy: Predictable Cash Flow Minimised Financial Risk Shine Justice cultivates Funders ensure consistent billing, Funders cover majority of legal fees relationships with a diverse providing predictable revenue and cas
Slide 13: Embracing International Litigation
13 Embracing International Litigation Expanding Reach. Amplifying Value. Creating Global Impact. Australia/NZ Market Deepening and Early Entry We are expanding class action filings across diverse Australian and New Zealand sectors. Leverages our expertise and favourable legal landscape, targeting co
Slide 14: Emerging Technology
Emerging Technology
Slide 15: Technology Roadmap: Driving Efficiency and Growth
15 Technology Roadmap: Driving Efficiency and Growth Our technology roadmap transforms Deliberate Proof Of Concept Approach traditional legal practices into a data-driven Establish an emerging technology centre pulling in internal model, anticipating ROI within 2-3 years. cross functioning teams to
Slide 16: Capital Management
Capital Management
Slide 17: Dividend and Capital Management
17 Dividend and Capital Management Strategy for sustainable growth and shareholder value Dividends Share Buyback Program Optimised Debt Structure 1HFY25 - 1.5¢ & 3.5¢ full year FY25 Up to 10% on-market buyback. Enhances Debt refinance with extended tenor aligns fully franked dividends represents sta
Slide 18: Group Debt
18 Group Debt NET DEBT $53.6m 1 $18.8M INCREASE DUE TO TRANSFER FROM NET DEBT (Excl Lease Liabilities) 1 DISBURSEMENT FUNDING TO BORROWINGS $71.6m DISCIPLINED DEBT MANAGEMENT 2 REFINANCE OF BORROWINGS WITH INCREASED GROSS BORROWINGS TENOR AND INCREASED HEADROOM $18.8m REDUCTION OF INTEREST EXPENSE F
Slide 19: FY25 Financial Results
FY25 Financial ~~ °°» Results ,
Slide 20: Profit and Loss Statement
Profit and Loss Statement 20 FY25 FY24 Variance $m $m $m Revenue 204.4 195.7 8.7 Revenue growth: continued across core practice areas in competitive market environment. Underscores strength of our brand, Adjusted EBITDA1 38.4 45.0 (6.6) the depth of our client relationships and the quality of our di
Slide 21: Statement of Cash Flows
Statement of Cash Flows 21 30 Jun 25 30 Jun 24 Receipts from customers: reflecting moderated $m $m revenue inflows in class actions compared with Cash flows from operating activities FY24 due to timing of settlements. Receipts from customers (inclusive of GST) 217.5 247.5 Payments to suppliers and e
Slide 22: Balance Sheet
Balance Sheet 22 30 June 25 30 Jun 24 $m $m Disciplined Growth in Work in Cash 18.1 29.4 Progress (WIP): Receivables 7.3 10.5 The Group’s targeted expansion of WIP delivered a net increase of $7.5 million, Work in progress 363.5 356.4 underpinning a pipeline of matters Unbilled disbursements 100.8 9
Slide 23: FY26 Outlook
23 FY26 Outlook Foundations laid for improved FY26 Key leadership changes with CEO Carolyn Barker AM and CFO Marc Devine; Simon Morrison remains Managing Director, advancing class actions/IMT strategy, while COO Jodie Willey oversees Victorian practice. CLO Lisa Flynn has led the structural realignm
Slide 24: Resilience. Realignment. Focused Growth.
24 Summary and Investor Contact Market Leadership & Sustainable Growth Shareholder Returns: Dividends, Buybacks & Discipline We are an established market leader with a proven operational model and We are committed to consistent shareholder returns through sustainable dividends significant competitiv