Slide 1: FY25 Results Presentation
Earlypay FY25 Results Presentation 26 August 2025 CEO James Beeson CFO / COO Paul Murray
Slide 2: Our Mission and Market Opportunity
Our Mission Market Opportunity To be the first-choice invoice finance provider to Australian 2.6m 1m 100K SMEs 1 B2B Addressable SMEs. SMEs 2 Market 3 SME Invoice Finance Market 3 Service & Product Technology 5k SMEs $2.5bn FIU Expertise Innovation Innovation Supported by a specialised Equipment Fin
Slide 3: FY25 Financial Summary
FY25 Financial Summary Profit growth, margin expansion and portfolio quality $5.1m 1.9 cps $249.4m $33.7m Underlying NPAT1 Underlying Basic EPS Year End, Funds in Use Net Revenue ↑ 24% pcp2 ↑ 30% pcp ↓ 0% pcp2% pcp ↓ 4% pcp 33% Equipment Finance Y/E FIU growth 13.4% 0.75% 0.79 cps ~3.6 cps Net Reven
Slide 4: FY25 Statutory Results
FY25 Results Presentation FY25 Statutory Results
Slide 5: FY25 Summary – Reported P&L
FY25 Summary – Reported P&L Portfolio rebalancing with solid EF FIU growth vs reduction in TF FIU and lower IF FIU with much-improved margins Profit and Loss ($m) FY24 FY25 30 June Y/E Reported Reported Δ pcp • Total Year end Funds in Use (“FIU”) flat on pcp, albeit material Year end FIU - IF 132.3
Slide 6: Product Segment: Invoice & Trade Finance (IF / TF)
Product Segment: Invoice & Trade Finance (IF / TF) Lower IF FIU at much higher margins creates opportunities to realign FIU growth vs margin drivers !"#$#B&'(F#*F+I&-K/M#N2P4 "R6T "R6U !"#$# 1• FY25 IF FIU was lower due to: 9F:#;F-&KY= o Refinancing of large, tight margin Timelio clients to banks; !
Slide 7: Product Segment: Equipment Finance (EF)
Product Segment: Equipment Finance (EF) Originations continued to accelerate throughout FY25, also supporting distribution of IF !"#$B&'EF*+I#-./0 "N2P "N24 !"#$# •1 183% origination growth resulting in Year end FIU of $124m, up 33% pcp %&'"(&)*+$, !"#A%"CD%EF* + I-.L% +0N.0% --O – $24m EF originati
Slide 8: Portfolio Rebalance: Proactive risk management and transition
Portfolio Rebalance Proactive risk management and transition Product Mix Client Concentration • TF: targeted reduction (Jun-24: $23m to Jun-25: $6.6m) • Diversification of portfolio continues • IF: more diversified and better-quality portfolio – No single exposure greater than $10m • EF: primarily w
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Balance Sheet continues to strengthen NTA of $40.9m (15.0 cps) with significant equity buffer for capital initiatives !"#A#B&'!E)''*!+,JK LMN23BN45 LMN23BN4S !"#$# 1• Cash position of $37.6m as of 30 June 2025 !"#AB"C'BE"#ABF*+I-".FC/# 0NOPB 4RO6B 1 !"#$ – $10m corporate c
Slide 10: Funding for Growth – Optimal structures now in place
Funding for Growth – Optimal structures now in place Capital and cost efficient; highly scalable Structure Facility Size Cost of Funds Invoice and Trade Finance Warehouse • Senior funding provided by Tier 1 Australian bank Invoice Finance & Trade Warehouse • Tailored structure to reflect intra-month
Slide 11: Growth Drivers, Capital Management & Outlook
FY25 Results Presentation Growth Drivers, Capital Management & Outlook
Slide 12: Growth foundations and approach
Strong margins and credit performance supported by optimal funding Growth foundations and approach Referrer-led Distribution Marketing-led Distribution Partner-led Distribution Embedded Finance Commercial Finance Brokers Marketing strategy Workforce Management Longer-term Opportunity - Build on succ
Slide 13: Capital Management Outlook
Capital Management Outlook Ongoing commitment to enhancing shareholder FY26 Underlying Earnings Per Share (EPS) is value expected to be 15% - 20% higher than FY25 EPS • $26m of capital has been released via refinancing of funding Heightened focus on strong and sustainable growth structures which has
Slide 14: Appendix
FY25 Results Presentation Appendix
Slide 15: Product Segment Dashboard
Product Segment Dashboard Invoice & Trade Finance Equipment Finance Margin (%) (LHS) vs. Ave. funds in use ($m) (RHS) Margin (%) (LHS) vs. Ave. funds in use ($m) (RHS) 8% $140m 20% $200m 18% 7% $120m $175m 12.4% 16% 6% 11.4% $150m 2.8% 2.9% $100m 14% $125m 5% 12% $80m 10% $100m 4% $60m 8% $75m 3% 6%
Slide 16: Disclaimer
Disclaimer This presentation (”this Presentation”) has been prepared by Earlypay Limited [ACN 098 952 277] (“EPY” or the “Company”) and is dated 26 August 2025. Summary information This presentation contains summary information about the current activities of EPY as at the date of this Presentation.
Slide 17: Investor enquiries
Investor enquiries James Beeson Managing Director & CEO, Earlypay 1300 760 205 James.beeson@earlypay.com.au