Latitude Group Holdings Ltd. · ASX:LFS
Latitude — Investor Presentation (February 2026)
35 slides from Latitude's investor presentation, Feb 20, 2026
Slide 1: FY25 Results Presentation
FY25 Results Presentation For the year ended 31 December 2025 LATITUDE GROUP HOLDINGS LIMITED ABN 83 604 757 391
Slide 2: Important Notice & Disclaimers
Important Notice & Disclaimers Important Notice and Disclaimer This presentation has been prepared by Latitude Group Holdings Limited (“LFS”). The distribution of this presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. Not an offer,
Slide 3: Agenda
Agenda 1 Full Year 2025 Highlights 2 Financial Performance 3 Management Outlook
Slide 4: Full Year 2025 Highlights
Full Year 2025 Highlights Bob Belan – Managing Director & CEO
Slide 5: Full Year 2025 Snapshot – Key Business Drivers
Full Year 2025 Snapshot – Key Business Drivers Strong customer demand and product engagement driving asset growth at higher margins New Customer Total Card Total Card Purchase New Personal & Auto Accounts Transactions (#) Volume ($) Loan Origination Market Share Growth Accelerating 307k 59m $7.4b $1
Slide 6: Full Year 2025 Snapshot – Key Financial Metrics
Full Year 2025 Snapshot– Key Financial Metrics Revenue momentum and operating leverage translating into strong financial outcomes Interest Net Interest Total Operating Risk Adjusted Income Income Income Income Funding Raised $3 billion $1.2b $814m $839m $573m Continued to expand in public 17.2% 11.7
Slide 7: Money: Record receivables and expanding margins
Money: Record receivables and expanding margins Record new origination Yield uplift translating into $3.3bn Receivables is a new volumes in 2025 stronger NIM performance record high +8.5% HoH / 13.8% YoY with increase in Pricing optimisation combined with roll-off 10% YoY growth across all products
Slide 8: Pay: Originations and volume powering growth
Pay: Originations and volume powering growth Enhanced value propositions gaining LFS Card usage & purchase Above market growth delivered traction and capturing customer volume momentum alongside expanding revenue demand accelerating margins Applications +14% YoY Higher customer engagement driving hi
Slide 9: OpEx re-engineering benefits realised, enabling growth investment and operating leverage
OpEx re-engineering benefits realised, enabling growth investment and elevating operating leverage Disciplined cost management delivering Expense base re-engineering unlocking capacity operating leverage and efficiency strategic and growth investments Cash cost-to-Income 1 Employee Costs 1 ($) Incre
Slide 10: Strengthened Funding Program supporting Balance Sheet Optimisation
Strengthened Funding Program supporting Balance Sheet Optimisation CoF and Funding Optimisation Growing momentum in LFS’ ABS programme $3.0bn of new funding raised or refinanced Size of public ABS programme grows as investor following expands ✓ Programmatic ABS shelf with $1.5bn issued in FY25 acros
Slide 11: Phase II of our strategy (Bridge to the Future) defined and in motion
Latitude Phase II of our strategy (Bridge to the Executive Team Future) defined and in motion Bridge to the Future 1 2 3 4 Bob Belan Guillaume Leger MD & CEO CFO & EGM Finance Extend & Embed Ensure Sustained Modernise & Uplift AI-Driven the Fundamentals Asset Growth Tech Platforms Productivity & CX
Slide 12: Financial Performance
Financial Performance Guillaume Leger – CFO
Slide 13: Full Year Financial Snapshot
Full Year Financial Snapshot Financial outcomes drivers and results continue to strengthen Increasing revenue, Margin growth continues, RAI growth, +27bps YoY +20bps YoY +104% YoY Revenue1 % Net Interest Margin % RAI % 17.34% 17.54% 8.01% 8.28% 15.96% 11.75% 7.07% 10.71% 9.97% FY23 FY24 FY25 FY23 FY
Slide 14: Full Year Financial Snapshot
Full Year Financial Snapshot Financial outcomes delivering strengthened returns to shareholders Increasing return of capital to Cash Profit growth +36% YoY Net Profit growth continues, shareholders, with a 2H25 franked 11.5% +59% YoY dividend yield1 Cash PBT ($m) Cash NPAT ($m) DPS (cents) ↑47% CAGR
Slide 15: Strong topline momentum maintained
Strong topline momentum maintained Volume growth translating into receivables expansion Volume growth continues +9% YoY, +13% HoH Delivering +7% receivables growth YoY ($m) ($Bn) 254 32 4,807 70 32 7.7 4,418 6.7 7.2 6.5 6.3 6.5 6.2 2H19 2H20 2H21 2H22 2H23 2H24 2H25 Interest 5.2 4.4 4.4 4.6 4.5 5.0
Slide 16: RAI margin evolution
RAI margin evolution Margin optimisation in response to evolving macro conditions Re-pricing strategies to deliver uplift Optimisation 17.34% 17.54% Key YoY drivers 15.96% Revenue 14.92% 14.67% Margin expansion and portfolio growth Yield continues RAI ↑121bps RAI 10.10% • FY25 RAI +27bps YoY to over
Slide 17: Delinquency performance remains within target range
Delinquency performance remains within target range Delinquency and losses performing in line with historical norms Quality of new customer Normalised delinquency trends performing in line with pre-Covid long-term norms originations remains strong Money charge off methodology change 3 Pre- COVID sti
Slide 18: Credit loss profile
Credit loss profile Charge offs following predictable path in line with target operating ranges to deliver sound risk adjusted returns, while prudent provisioning is maintained Historical Net Charge Offs & Provision Coverage Rates 5.50% 6% 4.62% Net Charge Off Rate 4.46% 4.45% 4.42% 4.42% 5% 4.35% 4
Slide 19: Operational efficiency gains supporting improved profitability
Operational efficiency gains supporting improved profitability Strong cost discipline and sustained business momentum driving positive Jaws 15.1% 10.8% Jaws 5.9% Jaws 14.5% 4.1% 6.7% Jaws 0.6% (13.1%) (7.1%) Positive Jaws started to be with material Jaws realised through 2H24 expansion into FY25 FY2
Slide 20: Outlook
Outlook Bob Belan – Managing Director & CEO
Slide 21: Outlook
Outlook Latitude expects to continue to benefit from the strategic initiatives implemented over the past 12 months to sharpen its focus on its core consumer segments in Australia and New Zealand. These actions have improved operational focus and are expected to support disciplined growth, subject to
Slide 22: Company Overview
Company Overview
Slide 23: Unique and successful business model with differentiated core capabilities
Unique and successful business model with differentiated core capabilities proven across the full economic cycle Our Core Segments PAY MONEY Sales Finance Credit Cards White Label Personal Loans Motor Loans ~1.3m ~$4.3bn ~200k ~$2bn ~120k ~$1bn customers ~133k ~$1.3bn ~35k ~$325m purchases customers
Slide 24: Unparalleled scale, reach & expertise distinguish LFS franchise
Unparalleled scale, reach & expertise distinguish LFS franchise across consumer lending landscape AU Personal loans and cards portfolio ranking1 SCALE 14.0 $bn Big 4 Bank $7.2bn total customer balances2 Non-Bank Lenders $7.4bn in total purchases on cards annually2 Regional/Mid-sized Bank 12.0 Mutual
Slide 25: Meeting the needs of consumers and merchant-partners
Meeting the needs of consumers and merchant-partners Engaged CUSTOMERS looking for great experiences… ➢ Cross-generational & high quality ➢ Engaged, loyal & long-tenured • 68% Millennials & Gen X and 23% Boomers • 51% customers for 5+ years • 69% city, 31% rural1 • 75% of SF volume from recurring cu
Slide 26: Appendices
Appendices
Slide 27: ESG Full Year 2025 highlights
ESG Full Year 2025 highlights Supported vulnerable customers Rolled out two new company-wide through tailored hardship arrangements development programs for our people $2m+ donated to charities since Latitude Achieved an average monthly began compliance training rate of 99% Established a three-year
Slide 28: Macro environment conditions reverting to historical levels
Macro environment conditions reverting to historical levels, playing to Latitude’s advantage Household Savings back to normalised pre pandemic levels … 20% Retail Sales (YoY) showing growth … 25 15% 20 After COVID 10% driven surge and Currently 4.9% 15 sharp drawdown, 5% Modest growth 10 Currently 6
Slide 29: Funding Platform & Approach
Funding Platform & Approach Continued active funding programme with 3 term transactions totaling $1.5b in 2025 Cost 62 60% Investors Diverse Funding Platform Effective Investors Offshore to A&NZ Prudent capital management • 8 transactions completed in FY25 totaling $3bn: approach • 3 public transact
Slide 30: Funding: cash rate scenario sensitivity
Funding: cash rate scenario sensitivity 25bps change = $10m change in interest expense (pre-tax)1 Management actions available to mitigate impact to profit. Easing cycle in Australia and New Zealand appears to have ended Sensitivity Summary 6.0% 6.0% and Outlook NZ Cash 5.0% 5.0% Rate • 25bps rates
Slide 31: Delinquency performance over time
Delinquency performance over time Delinquencies (30+ days past due) by product, Australia Delinquencies (30+ days past due) by product, New Zealand Mar’23 Mar’23 Shift to 9% Shift to 9% cyber incident cyber incident 180 days1 180 days1 8% 8% 7% 7% 6% 6% 5% 5% 4% 4% 3% 3% 2% 2% 1% 1% 0% 0% 2008 2009
Slide 32: Results Summary
Results Summary 2H25 1H25 2H24 HoH YoY FY25 FY24 YoY New Volume ($m) 4,807 4,247 4,418 13% 9% 9,054 8,223 10% Gross receivables ($m) 7,211 6,962 6,748 4% 7% 7,211 6,748 7% AGR ($m) 7,012 6,842 6,565 2% 7% 6,924 6,430 8% Cash PBT ($m) 118 93 89 26% 33% 211 155 36% Cash NPAT ($m) 59 46 38 27% 53% 105
Slide 33: Summary profit & loss statement
Summary profit & loss statement HoH YoY FY ($m) 31-Dec-25 30-Jun-25 31-Dec-24 Change Change FY25 FY24 Change 2H25 1H25 2H24 % % % Interest income 599.9 588.4 565.9 2% 6% 1,188.4 1,074.5 11% Interest expense (182.5) (192.3) (198.2) 5% 8% (374.8) (386.0) 3% Net interest income 417.4 396.1 367.7 5% 14%
Slide 34: Cash NPAT to Statutory NPAT FY25
Cash NPAT to Statutory NPAT FY25 Restructuring Remediation Asset Decommissioned Cash NPAT Stat NPAT ($m) costs Costs impairment facilities Net interest income 813.6 - - - - 813.6 Other income 25.9 - - - - 25.9 Total operating Income 839.5 - - - - 839.5 Net charge offs (266.3) - - - - (266.3) Risk ad
Slide 35: Thank You
Thank You
Latitude Group Holdings — Investor Presentation (February 2026) on 6ix