Enero Group Limited · ASX:EGG
Enero — FY2026 Earnings Presentation
23 slides from Enero's earnings presentation, Aug 21, 2026
Slide 1: Enero Group FY26 Results
Enero Group FY26 Results 21 August 2026
Slide 2: Continuing operations delivered 9% EBITDA growth and 54% net profit and EPS growth
Continuing operations delivered 9% EBITDA growth and 54% net profit and EPS growth Continuing Operations 1 % Commentary FY26 FY25 (A$’m ) Change • Disciplined cost management and operational excellence throughout FY26 offset a revenue decline Net revenue 2 129.5 138.7 (7%) driven by challenging inte
Slide 3: Group EBITDA margin grew from 10.2% to 11.8%
Group EBITDA margin grew from 10.2% to 11.8% Continuing Operations 1 % Commentary FY26 Performance (A$’m ) FY26 FY25 Change • Strong performance in Cons Australian agencies and THC Practice Net revenue 2 129.5 138.7 (7%) Curr* ongoing cost optimisation THC Practice Expenses (107.2) (115.8) 7% measur
Slide 4: Record EBITDA performance by Australian agencies results in stronger THC Practice margins
Global Record EBITDA performance by Australian agencies results in stronger THC Practice margins FY26 Performance Underlying Results Net Revenue 2 EBITDA 3 EBITDA Margin 4 % % Cons (A$’m ) FY26 FY25 Change FY26 FY25 Change FY26 FY25 Curr* Hotwire Global 63.3 78.6 (19%) 7.4 11.1 (33%) 11.6% 14.1% -5%
Slide 5: Diversified industry and geographic revenue mix, with more than half of revenue sourced from retainers
Diversified industry and geographic revenue mix, with Global more than half of revenue sourced from retainers Practice revenue by industry Practice revenue by geography Practice revenue model Other Finance 3% 7% Services 8% USA 28% Project Healthcare 40% Technology Retainer - 14% Fixed & Telco Retai
Slide 6: Hotwire maintained double-digit margins amidst continuing agency transformation
Hotwire maintained double -digit margins amidst Global continuing agency transformation FY26 Performance Commentary Cons • Continued restructuring and cost optimisation focus with costs reduced 15% vs FY25 in Curr* constant currency with margin improving from 10.8% in FY26 H1 to 12.6% in FY26 H2 • C
Slide 7: BMF delivered record EBITDA of $8.8m and 23.2% EBITDA margin from 11% revenue growth
BMF delivered record EBITDA of $8.8m and 23.2% EBITDA margin from 11% revenue growth FY26 Performance Commentary • Calendar 2025 wins contributed to a strong financial performance in FY26 • Client relationships with Westpac and Endeavour concluded in April 2026 and June 2026 with new client wins Asa
Slide 8: Orchard delivered record EBITDA of $6.1m and 21.8% margin from record revenue of $28.2m
Orchard delivered record EBITDA of $6.1m and 21.8% margin from record revenue of $28.2m FY26 Performance Commentary • Orchard’s healthcare vertical continued to perform strongly through the year: • agency -of -record for Lilly’s GLP -1 portfolio in Australia and New Zealand; • Geographical expansion
Slide 9: Strong cost management across the Group underpinned robust EBITDA growth
Strong cost management across the Group underpinned robust EBITDA growth 1 Expense by segment (A$M, cons curr *, continuing ops ) Commentary FY26 H2 cost reduction driven by: Agency Cost Reduction • Continued Hotwire Global restructuring and cost transformation predominantly in FY26 H1 delivering fu
Slide 10: AI program delivering tangible results across all agencies
AI program delivering tangible results across all agencies Hotwire BMF Orchard AI Lab and AI -enabled Data & Analytics Global ‘Noggin’ Proprietary AI OS live at scale ‘Agentic by Default’ AI-led delivery model live AI Labs generating commercial returns: Proprietary AI platform deployed for a major c
Slide 11: Key Financial Metrics
Key Financial Metrics
Slide 12: Statutory profit & loss demonstrates strong operating discipline
Statutory profit & loss demonstrates strong operating discipline 1 Continuing Operations FY26 FY25 % Change (A$’m ) Net revenue 2 129.5 138.7 (7%) Commentary Other income 0.0 0.1 12 for THC Practice of 70% (FY25: 72%) • Staff costs ratio Staff costs (97.0) (108.0) • Higher opex due to impact of FX r
Slide 13: Significant items predominantly non-cash in nature due to impairment
Significant items predominantly non -cash in nature due to impairment Continuing Operations 1 Commentary FY26 FY25 (A$’m ) • Non -cash impairment loss of $39.8m ($38.6m net Impairment loss and intangible write -down (39.8) - of tax) relating to goodwill and brand name predominantly driven by near te
Slide 14: Robust cash balance post OBMedia disposal
Robust cash balance post OBMedia disposal FY25 Enero Group FY26 FY25* continuing (A$’m ) operations EBITDA 15.3 26.2 14.1 Commentary Movement in working capital (3.0) 3.9 (0.5) Equity incentive expense 0.7 1.2 1.2 • Cash conversion 10 at 62% of EBITDA (FY25: 73% Restructuring and other (3.6) (10.6)
Slide 15: Net asset position reflects impact of $39.8m impairment
Net asset position reflects impact of $39.8m impairment Balance Sheet 30 Jun 2026 30 Jun 2025 Commentary (A$’m ) • Net cash 11of $24.5m (June 2025: $27.5m) Cash 28.1 34.1 • Zero leverage with Net Debt/ EBITDA 0.0x Trade and other receivables 22.3 27.5 • $11.4m of $15m bank loan facility undrawn at O
Slide 16: Outlook
Outlook
Slide 17: Outlook
Outlook Hotwire Global • Transformation continues into FY27 with AI acceleration a key focus to drive client impact and efficient delivery of work • Continued diversification into tech adjacent markets and expansion of AI Labs in FY27 • Strengthening leadership in FY27 with new leaders in US and acr
Slide 18: Q&A
Q&A
Slide 19: Appendix
Appendix
Slide 20: Results by Geography
Results by Geography 1 Continuing Operations FY26 FY25 % Change (A$’m ) Revenue Australia and Asia 69.9 64.0 9% USA 36.4 45.2 (20%) UK and Europe 23.2 29.6 (21%) Total 129.5 138.7 (7%) EBITDA Australia and Asia 15.5 12.2 27% USA 6.2 7.5 (18%) UK and Europe 0.6 3.2 (80%) Total operating companies 22.
Slide 21: Definitions
Definitions 1. Continuing operations: excludes OBMedia sold on 30 June 2025 2. Net revenue: gross revenue recognised in accordance with AASB 15 less directly attributable cost of sales 3. EBITDA: profit before interest, taxes, depreciation, amortisation and significant items 4. EBITDA Margin (Margin
Slide 22: Disclaimer
This document has been prepared by Enero Group Limited Except for any statutory liability which cannot be excluded, (Enero) and comprises written materials/slides for a each of Enero, its related companies and their respective presentation concerning Enero. This is not a prospectus, officers, employ
Slide 23: Thank you
Thank you All content, concepts and ideas contained within this document are private and confidential. They must not be reproduced and rem ain the property of Enero .