Slide 1: FY26 Results
>< PEXA FY 26 Results 28 August 2026
Slide 2: Important notices and disclaimer
Important notices and disclaimer This presentation and accompanying information (Presentation) has Forward statements You should note that Market Data is inherently predictive, is subject to been prepared for the purpose of providing general background No representation or warranty, expressed or imp
Slide 3: Acknowledgement of Country
The PEXA Group acknowledges Aboriginal and Torres Strait Islander people as the traditional custodians of the lands on which we work, live and dream, we pay our respects to elders past and present. We recognise that we have a role to play in creating space and place for Aboriginal and Torres Strait
Slide 4: Agenda
Agenda 01 Russell Cohen FY26 Overview CEO & Group Managing Director 02 Liz Warrell Financial results Interim CFO 03 Russell Cohen Conclusion & CEO & Group Managing Director outlook 04 Appendix 3
Slide 5: FY26 Highlights
FY26 Highlights Solid execution on strategic objectives while navigating regulatory complexity • Robust revenue growth driven by record 2Q26 volumes FY26 performance delivers • Operating leverage from cost efficiency measures operating leverage • Strong EBITDA margin expansion of 1.7ppt in FY26 • Na
Slide 6: FY26 Group financial snapshot
FY26 Group financial snapshot1 vs FY255 Group Revenue Group EBITDA NPATA2 Statutory NPAT ↓ $406.9m +7% ↑ $151.7m +12% ↑ $65.3m +35% $19.2m >100% ↑ FY25: $379.5m FY25: $135.1m FY25: $48.2m FY25: ($65.6m) Group EBITDA margin3 Free cashflow EPS4 Net Debt/EBITDA ↓ 37.3% +1.7ppt ↑ $93.5m +39% ↑ 10.91cps
Slide 7: Australia
Australia Strong FY26 performance supported by scale, efficiency and continued platform investment Australia ($m) FY26 Highlights FY26 345.6 Revenue ↑ 8.4% • Strong revenue growth following record transaction volumes in Dec ‘25 FY25 318.8 • Cost efficiency programs in Australia drove EBITDA margin e
Slide 8: Regulatory Update: a year of change
Regulatory Update: a year of change Conclusion of Interoperability Program precedes IPART draft report on pricing IPART commences pricing review PEXA participates in NSW Upper IPART releases Proposed IPART final report due to NSW ARNECC determine any changes and calls for industry House Select Commi
Slide 9: IPART Draft Report
IPART Draft Report PEXA has highlighted the need for substantial changes to IPART’s approach 1 2 Capex is 49–69% of Several approaches total expenditures for could be used to physical infrastructure calculate PEXA companies, but only Exchange’s Initial Asset 17% in FY25 for PEXA Base; all of them Ex
Slide 10: Spotlight: PEXA Clear
Spotlight: PEXA Clear PEXA Clear helps real estate agents and conveyancers meet AML/CTF requirements Product outputs and attributes Early view1 Identity verification Pricing: Customer profile: • No subscriptions KYC/KYB checks • Individuals: $40+GST PEP/Sanctions/Adverse Media 25% Real Estate • Simp
Slide 11: International
International Disciplined execution in the UK positions for broader industry adoption International ($m) FY26 Highlights FY26 61.3 ↑ 1.0% • Gross margin grew 15% over the year. Revenue Revenue FY25 60.7 growth was impacted by the loss of a low margin (↑ 1.6% excl FX) (↑ 12.2% excl FX search contract
Slide 12: New Zealand eConveyancing Pilot
New Zealand eConveyancing Pilot PEXA is exploring expansion into New Zealand through a capital light pilot Phase 1 Phase 2 Phase 3 Secure document validation Single Source of Truth Collaborative Digital & e-Signing Settlement Purchaser Bank Purchaser Solicitor Purchaser Bank Purchaser Solicitor Paym
Slide 13: Financial results
02 Financial results Liz Warrell Interim CFO 12 12
Slide 14: Core financial operating results
Core1 financial operating results Strong volumes and disciplined cost management drive Core NPAT growth vs PCP $m FY26 FY26 FY25 vs PCP % Group revenue ($m) Australia 345.6 318.8 26.8 8% International 61.3 60.7 0.6 1% FY26 406.9 Group revenue 406.9 379.5 27.4 7% Australia (44.9) (37.1) (7.8) (21%) F
Slide 15: FY26 Reconciliation to Statutory Results
FY26 Reconciliation to Statutory Results Strong core profitability as Digital Solutions exit nears completion Significant $m Core Statutory items Significant items ($7.1m): Group Revenue 406.9 406.9 Expenses net of impairments and gain on sale of assets: ($9.7m) Cost of sales (69.3) (69.3) • One-off
Slide 16: Australia revenue and volume
Australia revenue and volume Elevated market activity underpins strong FY26 revenue Revenue bridge ($m) PEXA transactions (‘000) 7.8 345.6 19.1 2,195 (0.1) 2,038 318.8 1,966 1,908 1,993 1,846 1,418 1,221 1,327 1,208 1,254 1,207 485 382 439 445 499 466 260 257 272 255 278 273 FY25 Market and CPI Mix
Slide 17: Volume growth steady over the long term
Volume growth steady over the long term Underlying market1 transaction volumes stable over the long-term Historical CAGR FY16-FY262 2.4% Market drivers in Australia Demand COVID-19 Record 1H26 benefitted • Migration and adult population growth RBA rate- from lower interest rates, • Interest rates an
Slide 18: International revenue and volume
International revenue and volume UK benefits from market growth and a sharper focus on profitability Revenue bridge ($m) S&P and Remortgage volumes for Optima and Smoove (‘000) 5.1 54.8 45.2 44.9 10.9 45.6 2.0 40.4 60.7 61.3 38.4 7.7 9.0 9.5 (6.1) (0.4) 8.9 7.9 Revenue up 12.2% Exit of low margin 43
Slide 19: Group cost and margin
Group cost and margin Significant cost outs and efficiency measures support margin uplift Operating expense bridge ($m) Group and Australia EBITDA margin (%) 58.0 55.6 52.7 53.3 39.9 36.8 34.3 34.4 19.2 0.4 1H25 2H25 1H26 2H26 (178.0) (4.6) (2.8) (185.7) (14.1) Group Australia (5.8) FY25 Inflation S
Slide 20: Free cash flow and capital expenditure
Free cash flow and capital expenditure Investment in core competencies supported by strong free cash flow Free cash flow ($m) Capex and Depreciation & Amortisation ($m) Enhancement – Exchange Evolution, enhanced performance and customer experience 145.8 6.8 Integration – Expanded API capability and
Slide 21: Capital management
Capital management Debt repayments and prudent capital management further strengthen our balance sheet Net debt / EBITDA Debt facility utilisation1 ($m) 1.8x 500.0 182.6 330.0 1.0x 105.0 317.4 225.0 FY25 FY26 Jun-25 Jun-26 Undrawn Drawn Times Interest Cover – EBITDA / Gross interest expense Liquidit
Slide 22: Conclusion & outlook
03 Conclusion & outlook Russell Cohen CEO & Group Managing Director 21 21
Slide 23: FY27 Strategy
FY27 Strategy Our key priorities will deliver our purpose and create lasting value WHY WE ARE HERE WHAT GOOD Consistently excellent Outstanding shareholder value Fulfilling employee journeys LOOKS LIKE customer experiences Trusted AU Disciplined New Accelerated UK People-powered AI-enabled Exchange
Slide 24: FY27 Focus Areas
FY27 Focus Areas Fortifying our core assets and executing on growth objectives Focused on execution Disciplined Invest in Aus Exchange UK Growth our people • Advocate on behalf of our • Deliver NatWest Sale & • Drive adoption of PEXA Clear • Build a stronger team customers, employees and Purchase im
Slide 25: FY27 EBITDA margin volume sensitivity
FY27 EBITDA margin volume sensitivity Absent cost efficiencies, EBITDA margins in FY27 are driven by Australian transfer volumes There is currently a significant amount of uncertainty around the Australian housing market due to macroeconomic factors including recent tax changes, property prices, aff
Slide 26: Core Financial Operating Guidance
Core Financial Operating Guidance FY27 Guidance reflects macro environment and disciplined growth objectives Metric FY27 Guidance Group Revenue $385m to $415m Group EBITDA margin1 31.5% - 33.5% Group Core NPAT1 continuing operations $5m to $20m Group Capex ($45m) to ($55m) International operating ca
Slide 27: Appendices
Appendices Financials disclosed in this section are on an as reported basis
Slide 28: FY25 Reconciliation to Statutory Results
FY25 Reconciliation to Statutory Results Group comparative financials Significant $m Core Statutory Items Group Revenue 379.5 379.5 Cost of sales (65.6) (65.6) Gross Margin 313.9 313.9 Total Expenses (178.0) (62.9) (240.9) EBITDA before associates 135.9 (62.9) 73.0 Share of losses from associates (0
Slide 29: Australia: Detailed financial information
Australia Detailed financial information Australia financial performance vs PCP $m FY26 FY25 vs PCP % Revenue 345.6 318.8 26.8 8% Cost of Sales (44.9) (37.1) (7.8) (21%) Gross margin 300.7 281.7 19.0 7% Operating expenses (107.7) (108.0) 0.3 - EBITDA before associates 193.0 173.7 19.3 11% Share of (
Slide 30: Australia: Volume and market data summary
Australia Volume and market data summary Australia volume and market1 data: FY26 vs FY25 vs PCP $m FY26 FY25 vs PCP % Transfer 264.6 245.1 19.5 8% Refinance 54.2 48.5 5.7 12% Other 19.0 17.7 1.3 7% Non-ELN fee revenue 2.7 2.5 0.2 8% Other revenue 5.1 5.0 0.1 2% Australia revenue ($m) 345.6 318.8 26.
Slide 31: Australian Exchange transfer and refinance transaction volumes
Australia PEXA’s Australian Exchange: transfer and refinance transaction volumes FY22 FY23 FY24 FY25 FY26 300,000 5.0% 250,000 4.0% 200,000 Transfers 3.0% 150,000 2.0% 100,000 1.39m 1.28m 1.17m 1.08m 1.22m 1.21m 1.33m 1.21m 1.42m 1.25m 50,000 1.0% 33.0% 8.3% 15.7% 15.0% 4.2% 11.4% 8.7%
Slide 32: Australian Exchange volumes % change vs PCP
Australian Exchange volumes Strong FY26 growth moderated through the final quarter, indicating a softer start to FY27 PEXA volumes (volume # in ‘000s) 20.0% FY27 15.0% 10.0% 5.0% % change vs PCP (5.0%) FY26 Transfers: 2,673k | vs FY25 +138k / +5.4% (10.0%) FY26 Refinance: 964k | vs FY25 +80k / +9% F
Slide 33: International: Detailed financial information
International Detailed financial information International financial performance vs PCP vs PCP vs PCP $m FY26 FY25 vs PCP % ex FX ex FX % Revenue 61.3 60.7 0.6 1% 1.0 2% Cost of sales (24.4) (28.5) 4.1 14% 4.0 14% Gross margin 36.9 32.2 4.7 15% 5.0 16% Operating expenses (78.0) (70.0) (8.0) (11%) (8
Slide 34: International: Volume and market data summary
International Volume and market data summary International volume and market data: FY26 vs FY25 vs PCP PCP var. PCP var. $m FY26 FY25 vs PCP % ex FX ex FX % Smoove S&P Revenues 14.8 12.9 1.9 15% 2.0 16% Smoove Remo Revenues 10.5 8.7 1.8 21% 1.9 22% Optima Remo Revenues 15.6 12.5 3.1 25% 3.2 26% 1 Ot
Slide 35: PEXA UK Platform transaction volumes
International PEXA’s UK Platform1: Sale & Purchases and Remortgage transaction volumes FY23 FY24 FY25 FY26 2,500 6.0% 5.0% Sale & Purchase 2,000 4.0% 1,500 3.0% 1,000 2.0% 500 6.6k 7.9k 7.6k 9.5k 8.9k 10.9k 9.0k 26.1% 24.9% 16.7% 19.5% 15.9% 15.0% 1.8% 1.0% 1H23 2H23 1H24 2H24 1H25 2H2
Slide 36: Glossary
Glossary
Slide 37: Glossary
Glossary Term Terma Type Type Definition Definition Adjusted EBITDA Financial – non-IFRS EBITDA adjusted to exclude non-recurring or non-operational items AML Business Anti-Money Laundering API Business Application programming interface ARNECC Business Australian Registrars’ National Electronic Conv
Slide 38: Glossary
Glossary Term Term Type Type Definition Definition Impairment Financial – IFRS A non-cash accounting charge reducing the carrying value of an asset when its recoverable amount falls below its book value. Interoperability Business The ability for multiple electronic lodgement network operators (ELNOs
Slide 39: Investor Relations Media
Investor Relations Media Lisa Newns-Smith James Aanensen + 61 405 670 981 + 61 410 518 590 investors@pexa.com.au james.aanensen@pexa.com.au