Temenos Ag · SIX:TEMN

Temenos — Q3 2026 Earnings Presentation

40 slides from Temenos's earnings presentation, Oct 27, 2026

Slide 2: Business and Financial Update
Business and Financial Update Takis Spiliopoulos, CEO Daniel Schmucki, CFO 27 October 2026 Quarter ended, 30 September 2026 Copyright © 2026 Temenos Copyright © 2026 Temenos 2
Slide 3: Disclaimer
Disclaimer Our presentation and this document may contain forward-looking statements relating to the future of the business and financial performance of Temenos AG. Any statements we make about our expectations, plans and prospects for the Company, including any guidance on the Company’s financial p
Slide 4: Non-IFRS information
Non-IFRS information In its presentation and in this document, the Company may present and discuss non-IFRS measures. Readers are cautioned that non-IFRS measures are subject to inherent limitations. Non-IFRS measures are not based on any comprehensive set of accounting rules or principles and shoul
Slide 6: Q3-26 overview
Q3-26 overview Stable sales environment throughout the quarter, with all slipped revenue from Q2 closed in Q3 Q3-26 subscription and SaaS revenue growth impacted by one large deal in Africa signing in the first days of Q4-26 Strong underlying momentum with a good number of new logos and SaaS ACV sig
Slide 7: Momentum with banks across geographies and tiers
Momentum with banks across geographies and tiers Selected deal wins in Q3-26 US-headquartered global European Tier 2 corporate MEA Tier 1 bank Tier 1 bank bank Extension and expansion of existing core Extension of core banking relationship, Expansion of existing relationship with banking relationshi
Slide 8: Key deals signed with large financial institutions across regions
Key deals signed with large financial institutions across regions US-headquartered global tier 1 bank Vancity selects Temenos SaaS to modernize its core banking • US-headquartered global tier 1 bank expanding • Vancity, Canada’s largest credit union, selected relationship for international private b
Slide 9: Bank Syariah Indonesia (BSI): Modernizing the core for Islamic banking
Bank Syariah Indonesia (BSI): Modernizing the core to power the next generation of Islamic banking • Largest Islamic bank in Indonesia with 23M+ customers with the goal of becoming a Top 5 Global Islamic Bank • Growing digital adoption and transaction volumes required greater scalability and resilie
Slide 10: Kingdom Bank: Modern banking to support a meaningful mission
Kingdom Bank: Modern banking to support a meaningful mission • UK bank serving churches, Christian charities and communities for nearly 70 years Background • Strong growth ambitions required a more modern and scalable technology foundation • Needed to modernize while maintaining its relationship-dri
Slide 11: additiv integration progresses; growing pipeline with Tier 1 & 2 prospects
additiv integration progresses; growing pipeline with Tier 1 & 2 prospects Integration On Track Commercial Momentum Finance & Accounting additiv integrated with Temenos core Legal, Compliance & Risk Wealth orchestration for the mass affluent Initial cost Management segment synergy Facilities & Share
Slide 12: Strategy execution update
Strategy execution update Progress Product & technology Product & Technology leadership accelerating roadmap and investment innovation delivery Ongoing investment in selective sales capabilities for larger Go To Market deals globally investment Investing in key growth markets including Brazil and Ja
Slide 14: Double-digit ARR growth
Double-digit ARR growth +12% +14% 257 904 809 225 Q3-25 Q3-26 Q3-25 Q3-26 ARR, USDm Product Revenue, USDm Consistent delivery on ARR and product revenue growth Note: Figures are non-IFRS and in constant currencies. Copyright © 2026 Temenos 14
Slide 15: Strong subscription and SaaS growth
Strong subscription and SaaS growth +13% +22% 122 293 259 100 Q3-25 Q3-26 Q3-25 Q3-26 Subscription and SaaS, USDm Total Revenue, USDm Total revenue growth of 13% in Q3-26 Note: Figures are non-IFRS and in constant currencies Copyright © 2026 Temenos 15
Slide 16: Revenue growth, efficiency savings and operating leverage driving profitability
Revenue growth, efficiency savings and operating leverage driving profitability +26% 109 1.23 +32% 87 0.93 Q3-25 Q3-26 Q3-25 Q3-26 Non-IFRS EBIT, USDm Non-IFRS EPS, USD Strong EBIT growth after accelerated investments in Product & Technology Note: Figures are non-IFRS and in constant currencies exce
Slide 17: ARR and non-IFRS income statement – operating
ARR and non-IFRS income statement – operating Q3-26 YTD Q3-26 ARR (USDm) Q3-26 Q3-25 Y-o-Y Y-o-Y c.c. reported ARR 903.6 811.0 11% 12% Q3-26 Q3-25 Y-o-Y Y-o-Y c.c. YTD Q3-26 YTD Q3-25 Y-o-Y Y-o-Y c.c. Income statement (USDm) reported (proforma) reported Subscription and SaaS 121.8 99.2 23% 22% 318.1
Slide 18: Non-IFRS income statement – non-operating
Non-IFRS income statement – non-operating Q3-26 Q3-25 Y-o-Y In USDm, except EPS reported EBIT 109.3 84.6 29% Net finance charge (4.5) (1.3) n.m. FX gain / (loss) 0.8 (1.8) n.m. Tax (21.2) (17.4) 22% Net profit 84.4 64.1 32% EPS (USD) 1.23 0.93 32% Note: Figures are non-IFRS. Copyright © 2026 Temenos
Slide 19: Strong free cash flow growth
Strong free cash flow growth +24% 36 29 Q3-25 Q3-26 FCF, USDm Consistent delivery on free cash flow growth Note: Figures are non-IFRS. Copyright © 2026 Temenos 19
Slide 20: Group liquidity (reported)
Group liquidity (reported) USDm (7) (20) 72 151 138 (6) (135) 120 (36) (952) (813) Cash on Operating Cash Tax Capex Acquisition Share Buyback Net Proceeds / Interest, FX Cash on Borrowings Reported Balance Sheet Repayment of & Leases Balance Sheet Net Debt (30/06/26) Borrowings and (30/09/26) Invest
Slide 21: Debt, leverage and capital allocation
Debt, leverage and capital allocation New share buyback for total of up to CHF 100m launched in August 2026, to last until February 26th, 2027 at the latest (press release available here) Reported net debt of USD 813m as of 30 September 2026 Debt, leverage and capital allocation (reported) Leverage
Slide 22: FY-26 guidance raised (non-IFRS)
FY-26 guidance raised (non-IFRS) • FY-26 EBIT and EPS guidance raised, guidance reconfirmed for ARR, subscription & SaaS and free cash flow • The acquisition of additiv is expected to be marginally accretive to Temenos’ FY-26 ARR and non-IFRS subscription and SaaS revenue and is expected to be neutr
Slide 23: Reconfirming FY-28 targets (non-IFRS)
Reconfirming FY-28 targets (non-IFRS) • FY-28 targets reconfirmed. These targets are organic and non-IFRS • FY-25 proforma excludes contribution from Multifonds and is constant currency • We expect to announce updated FY-28 targets including additiv at the Q4-26 results announcement FY-28 targets (U
Slide 25: Industry Recognition
Industry Recognition Winners announced: 19 Nov Leader: 2026 IDC Real Results One of the Best Back-Office / Best Banking Banking 2026 Gartner Magic Omni-Engagement World’s Core Services Technology Tech of the Year Quadrant for Retail Transformation - Top Fintech Solution Provider Finalist Core Bankin
Slide 26: Organic revenue and costs
Organic revenue and costs • Q3-26 organic non-IFRS revenue up 12% • Q3-26 organic non-IFRS costs up 4% • Q3-26 organic non-IFRS product revenue up 13% • Q3-26 organic non-IFRS product costs up 5% Organic Non-IFRS services revenue revenue Organic Non-IFRS services cost Organic Non-IFRS product revenu
Slide 27: Non-IFRS growth rates excluding contribution from BNPL customer
Non-IFRS growth rates excluding contribution from BNPL customer in prior quarter +15% +30% Q3-25 Q3-26 Q3-25 Q3-26 ARR Subscription & SaaS +31% +38% Q3-25 Q3-26 Q3-25 Q3-26 non-IFRS EBIT non-IFRS EPS Copyright © 2026 Temenos 27
Slide 28: FX and other assumptions underlying FY-26 guidance
FX and other assumptions underlying FY-26 guidance In preparing the FY-26 guidance, the Company has assumed the following FX rates: EUR to USD exchange rate of 1.12 GBP to USD exchange rate of 1.34; and USD to CHF exchange rate of 0.82 The Company has also assumed the following for FY-26 guidance: •
Slide 29: FX exposure
FX exposure % of total USD EUR GBP CHF INR RON Other Subscription and SaaS 77% 11% 2% 2% 0% 0% 8% Maintenance 84% 8% 2% 1% 0% 0% 5% Services 48% 27% 5% 6% 0% 0% 14% Revenues 76% 12% 2% 2% 0% 0% 8% Non-IFRS costs 34% 12% 11% 7% 13% 2% 21% Non-IFRS EBIT 157% 13% (15%) (7%) (26%) (3%) (19%) NB. All % a
Slide 30: Quarterly proforma ARR and FCF
Quarterly proforma ARR and FCF ARR, USD m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 ARR 683.5 703.7 721.4 749.5 741.4 790.6 811.0 859.9 860.7 880.6 903.6 FCF, USD m Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 FCF 43.5 60.6 22.5 96.6 48.8 65.3 29.3 113.0
Slide 32: DSOs
DSOs 180 168 170 160 160 164 164 160 152 153 151 152 146 147 140 120 100 80 60 40 20 0 Q4-24 Q1-25 Q2-25 Q3-25 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Proforma Proforma Proforma Proforma Proforma Proforma DSOs at 170 at Q3-26 Note: Proforma view excludes Multifonds revenue and receivables Co
Slide 33: Balance sheet – leverage
Balance sheet – leverage Leverage ratios 2.0x 1.8x 1.6x 1.5x 1.4x 1.4x 1.4x 1.4x 1.3x 1.3x 1.3x 1.2x 1.2x 1.0x 0.5x 0.0x Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Note: Includes Multifonds EBITDA Copyright © 2026 Temenos 33
Slide 34: Capitalization of development costs
Capitalization of development costs Proforma, USDm Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Cap’ dev’ costs (15.4) (15.0) (15.3) (15.1) (60.7) Amortisation 13.1 13.1 13.1 14.5 53.8 Net cap’ dev’ (2.2) (1.9) (2.2) (0.6) (6.9) USDm Q1-26 Q2-26 Q3-26 Q4-26 FY-26 Cap’ dev’ costs (15.0) (13.4) (17.5) Amortisation 1
Slide 35: Reconciliation from IFRS to non-IFRS
IFRS revenue measure + Deferred revenue write-down = Non-IFRS revenue measure Reconciliation IFRS profit measure from IFRS to +/- +/- Share-based payments and related social charges Deferred revenue write down non-IFRS +/- Discontinued activities +/- Gain/loss from sale of business +/- Amortisation
Slide 36: Accounting elements not included in non-IFRS guidance
Accounting elements not included in non-IFRS guidance Below are the accounting elements not included in the FY-26 non-IFRS guidance: FY-26 estimated share-based payments charge of c.4-5% of revenue FY-26 estimated amortisation of acquired intangibles of USD 40m FY-26 estimated restructuring / M&A re
Slide 37: Earnings Reconciliation – IFRS to non-IFRS (reported)
Earnings Reconciliation – IFRS to non-IFRS (reported) 3 Months Ending 30 Sep 3 Months Ending 30 Sep In USDm, except EPS 2026 2026 2025 2025 IFRS Non-IFRS adj. Non-IFRS IFRS Non-IFRS adj. Non-IFRS Subscription and SaaS 121.7 0.1 121.8 99.2 - 99.2 Maintenance 134.6 0.1 134.7 125.5 - 125.5 Services 36.
Slide 38: Net earnings reconciliation IFRS to non-IFRS
Net earnings reconciliation IFRS to non-IFRS In USDm, except EPS Q3-26 Q3-25 IFRS net earnings 63.4 44.4 Share-based payments 10.1 9.6 Amortisation of acquired intangibles 11.1 10.6 Restructuring / M&A related costs 4.5 4.3 Fair value change on financial instruments - - Taxation (4.9) (4.7) Deferred
Slide 39: Non-IFRS definitions
Non-IFRS definitions Non-IFRS adjustments Other Share-based payment charges Proforma (excluding Multifonds) Adjustment made for shared-based payments and social charges Income statement line items and free cash flow adjusted to remove any contribution from Multifonds which closed in Q2-25. Deferred

Temenos — Q3 2026 Earnings Presentation on 6ix

Temenos — Q3 2026 Earnings Presentation

Slide 1: Copyright © 2026 Temenos

Slide 2: Business and Financial Update

Slide 3: Disclaimer

Slide 4: Non-IFRS information

Slide 5: Agenda

Slide 6: Q3-26 overview

Slide 7: Momentum with banks across geographies and tiers

Slide 8: Key deals signed with large financial institutions across regions

Slide 9: Bank Syariah Indonesia (BSI): Modernizing the core for Islamic banking

Slide 10: Kingdom Bank: Modern banking to support a meaningful mission

Slide 11: additiv integration progresses; growing pipeline with Tier 1 & 2 prospects

Slide 12: Strategy execution update

Slide 13: Agenda

Slide 14: Double-digit ARR growth

Slide 15: Strong subscription and SaaS growth

Slide 16: Revenue growth, efficiency savings and operating leverage driving profitability

Slide 17: ARR and non-IFRS income statement – operating

Slide 18: Non-IFRS income statement – non-operating

Slide 19: Strong free cash flow growth

Slide 20: Group liquidity (reported)

Slide 21: Debt, leverage and capital allocation

Slide 22: FY-26 guidance raised (non-IFRS)

Slide 23: Reconfirming FY-28 targets (non-IFRS)

Slide 24: Agenda

Slide 25: Industry Recognition

Slide 26: Organic revenue and costs

Slide 27: Non-IFRS growth rates excluding contribution from BNPL customer

Slide 28: FX and other assumptions underlying FY-26 guidance

Slide 29: FX exposure

Slide 30: Quarterly proforma ARR and FCF

Slide 31: Subscription and SaaS revenue breakdown by geography

Slide 32: DSOs

Slide 33: Balance sheet – leverage

Slide 34: Capitalization of development costs

Slide 35: Reconciliation from IFRS to non-IFRS

Slide 36: Accounting elements not included in non-IFRS guidance

Slide 37: Earnings Reconciliation – IFRS to non-IFRS (reported)

Slide 38: Net earnings reconciliation IFRS to non-IFRS

Slide 39: Non-IFRS definitions

Slide 40: Thank you