Eqt Holdings Ltd. · ASX:EQT
Eqt — FY2026 Earnings Presentation
30 slides from Eqt's earnings presentation, Aug 27, 2026
Slide 1: Investor presentation: Results for year ended 30 June 2026
Investor presentation Results for year ended 30 June 2026 Mick O’Brien, Managing Director Johanna Platt, Chief Financial Officer EQT HOLDINGS LIMITED (ASX: EQT) 27 August 2026
Slide 2: Agenda
Agenda 1 Business Performance Update Mick O’Brien – Managing Director 2 Financial Review Johanna Platt – Chief Financial Officer 3 Strategy & Outlook Mick O’Brien – Managing Director 4 Questions 2
Slide 3: Business Performance Update
Business Performance Update Mick O’Brien, Managing Director
Slide 4: FY26 drivers and key activity
FY26 drivers and key activity Equity Trustees delivers 33% growth in continuing operations profit and emerges as a higher- quality, focused trustee services business Core business continues to deliver with revenue up Margin growth from realisation of Trustee and Wealth 01 9.4%, NPAT up 32.7% and mar
Slide 5: Key FY26 Financial Metrics
Key FY26 Financial Metrics Continuing operations delivered accelerated growth and the Group results are impacted by the proposed exit from superannuation trusteeship Continuing $33.9m $167m $191.9b operations NPAT up 32.7% Revenue FUMAS up 9.4% up 15.1% TWS NPBT: up 24.8% TWS: 7.7% TWS: down 1.2% CT
Slide 6: About Equity Trustees
About Equity Trustees TWS and CTS form a focused, simplified continuing EQT business Continuing Operations Trustee and Wealth Services (TWS) Corporate Trustee Services (CTS) Discontinued Operations Estate Planning Corporate Trustee Services Estate Management Custody & Real Assets STS: Superannuation
Slide 7: Group revenue and EBITDA margin
Group revenue and EBITDA margin Topline momentum and margin expansion whilst absorbing expense impacts on STS performance • Consistent revenue growth $m across the continuing operations 100% 205.6 of TWS and CTS highlighting the 210 90% resilience and diversity across 38.7 the business and client ba
Slide 8: Trustee and Wealth Services
Trustee and Wealth Services Estate Management activity providing revenue upside TWS remains a leader in an attractive, structurally growing market, $m Revenue 3 Year CAGR 9.7% benefiting from increasing trust 120 complexity, strong recurring revenues 110.0 99.1 102.2 and increasing demographic tailw
Slide 9: Corporate Trustee Services
Corporate Trustee Services New funds & FUMAS driving revenue growth Greater regulatory complexity and general growth in investments is $m Revenue 3 Year CAGR 9.7% driving demand for independent 55 53.2 responsible entity services. CTS, as 17.9 market leader, is well placed to 46.8 capitalise on this
Slide 10: Our FY26 Strategic Targets
Our FY26 Strategic Targets Positive progress made across organisational objectives, however regulatory uncertainty impacting shareholder returns T1 T2 T3 T4 Improving Lifting Growing Deepening client satisfaction employee shareholder value community impact engagement *NPS Dividends Charitable Giving
Slide 11: Superannuation Trustee Services exit
Superannuation Trustee Services exit Simplifies Group activities and enhances strategic focus The Board of EQT Holdings Limited (EQTH) completed a strategic review of the STS business during 2H26 resulting in the decision to exit the STS business. This impacts the two RSEL subsidiary entities, HUB24
Slide 12: Superannuation Trustee Services updates
Superannuation Trustee Services updates Continue to positively contribute to regulatory reviews; effort ongoing for Shield / First Guardian National Press Club address Regulatory Shield / First Guardian Assistant Treasurer and Minister for Financial We have actively engaged in regulatory and • The l
Slide 13: FY26 final dividend determination
FY26 final dividend determination Prudent capital management preserves balance sheet position through a period of transition Outcome • FY26 final dividend of 20cps, fully franked • FY26 full year dividend of 76cps, representing a 77.1% payout ratio of FY26 Group NPAT • Payout ratio is calculated on
Slide 14: Financial Review
Financial Review Johanna Platt, Chief Financial Officer
Slide 15: Group FY26 Segment Financial Performance
Group FY26 Segment Financial Performance Resilient NPBT margin for continued operations FY26 TWS CTS STS Group total Discontinued Continuing $m operations operations Revenue 110.0 53.2 42.4 205.6 38.7 167.0 Operating Expenses (73.3) (31.2) (55.0) (159.6) (42.6) (117.0) NPBT 36.7 22.0 (12.7) 46.0 (3.
Slide 16: Group Financial Performance FY26 v FY25
Group Financial Performance FY26 v FY25 Continuing operations NPBT result highlights core business strength Revenue growth of 9.4% over pcp: • TWS up $7.8m – new business and market performance in Health and Personal Injury and increased activity in FY26 FY251 FY26 v FY25 Estate Management $m $m % •
Slide 17: Group Financial Performance 2H26 v 1H26
Group Financial Performance 2H26 v 1H26 Increasing consulting & legal costs impacted HoH results Half on half revenue growth of 1.4%: • 11.2% CTS – continued growth from higher FUMAS from new business, net flows and markets 2H26 1H26 2H26 v 1H26 • -3.2% TWS – impacted by elevated $m $m % revenue in
Slide 18: Continuing Operations Expenses FY25 v FY26
Continuing Operations Expenses FY25 v FY26 Litigation and regulatory costs accounted for ~80% of the increase in expenses $m 122 1.5 120 1.1 118 2.3 (1.9) 117.0 115.9 (1.0) 116 3.9 114 112 (4.9) 110 FY25 Non-Operating Shield & First CTS - Consulting CTS - People Cost TWS - Client TWS - People Cost O
Slide 19: Investing for future growth
Investing for future growth Strengthening capability for sustainable growth Group Headcount 250 Total employees increased by 27 to 487 at 30 June 2026. 218 219 218 • CTS: increased by 21 employees 200 to support business growth and increased focus on governance • STS: 41 roles impacted in 150 discon
Slide 20: TWS Performance FY26 v FY25
TWS Performance FY26 v FY25 NPBT margin improvement post implementation of NavOne platform $m Net Profit Before Tax FY26 FY25 FY26 v $m $m FY25 42 1.9 Revenue 110.0 102.2 7.7% 38 3.4 36.7 (1.5) Operating Expenses (73.3) (72.8) 0.8% 2.1 (1.1) 34 2.3 NPBT 36.7 29.4 24.8% 30 29.4 NPBT Margin (%) 33.3%
Slide 21: CTS Performance FY26 v FY25
CTS Performance FY26 v FY25 Topline growth continues from ongoing new business activity $m Net Profit Before Tax FY26 FY25 FY26 v $m $m FY25 30 1.5 26 Revenue 53.2 46.8 13.8% 5.0 22.0 22 (2.4) Operating Expenses (31.2) (27.7) 12.8% (1.1) 19.1 18 NPBT 22.0 19.1 15.3% 14 NPBT Margin (%) 41.4% 40.9% 54
Slide 22: FY26 cash flow
FY26 cash flow $m 250 29.8 6.3 54.9 200 159.9 146.5 150 (77.5) Regulatory holding requirements: • $92.6m: AFSL regulatory capital1 100 • $39.7m: ETSL capital • $27.6m: Available cash Available liquidity: 50 • $10m: Non-cash liquid investments • $18m: Debt facility headroom - Group cash 30 June 25 Op
Slide 23: FY27 priorities to build capital flexibility
FY27 priorities to build capital flexibility Manage capital impacts of STS exit • Upon retirement as superannuation trustee of individual funds, EQTH repays ORFR loans – total value across relevant clients of $35.8m • Discussions with prospective third parties on the sale of a superannuation trustee
Slide 24: Strategy & Outlook
Strategy & Outlook Mick O’Brien, Managing Director
Slide 25: Strong market position and value drivers
Strong market position and value drivers Post-STS, Equity Trustees is a focused, high margin business, with strong recurring revenue and structural tailwinds Strong market demand & structural tailwinds High quality recurring revenue • Independent trustee model backed by regulatory framework • Broad
Slide 26: FY27 strategic priorities
FY27 strategic priorities Invest to drive growth and operational leverage in our high margin core businesses 1 Leverage market leadership in CTS and TWS to continue business momentum 2 Deploy further advances in technology to improve service offering, build efficiency and manage risk 3 Develop digit
Slide 27: Business Outlook
Business Outlook The core EQT business is growing strongly. The STS exit simplifies the group and positions EQT for higher-quality earnings and long-term value creation Our expectations are subject to • Normal investment market conditions • No material adverse change in market sentiment • Successful
Slide 28: Questions
Questions
Slide 29: Glossary of Terms
Glossary of Terms Term Definition AET Australian Executor Trustees (business acquired by EQT in November 2023) CAGR Compound annual growth rate CTS Corporate Trustee Services CTS-EU Former Corporate Trustee Services business segment (UK and Ireland) Discontinued Operations Operating results of Disco
Slide 30: EQT Holdings Limited
EQT Holdings Limited ABN 22 607 797 615 Level 22, 530 Collins Street Melbourne VIC 3000 1300 133 472 www.eqt.com.au DISCLAIMER Forward Looking Statements This Presentation contains forward-looking statements. Forward-looking statements include all statements other than statements of historical or pr