Slide 1: FY25 Full year results
12 August 2025 FY25 Full year results Stuart Irving, Chief Executive Officer and President Nick Oldfield, Chief Financial Officer
Slide 2: FY25 Results
FY25 Results Strong performance, Management EPS up 15% (results compared to proforma pcp) Management Revenue Management EPS1 Margin Income (MI) $3.1bn 135.1 cps $759.1m Up 4.4% Up 15.0% Down 2.8% Return on Invested Management EBIT ex. MI Final dividend per share (AUD)2 Capital (ROIC) 35.8% $411.9m 4
Slide 3: Key messages
Key messages Growth across all businesses. Positive outlook. FY25 EBIT ex MI up 17.4%. Margins expanded to 17.5%, up 150bps Growth in recurring client fees and transactional revenues drives higher earnings Margin income exceeds expectations with increased client balances mitigating lower yields Bala
Slide 4: Computershare's integrated business model
Computershare’s integrated business model Improving mix of revenues to higher quality recurring client fees FY25 vs FY21-25 Revenue Profile pcp CAGR 3,500 3,109 4.4% 15.7% 2,978 3,000 2,717 2,500 2,078 1,571 1,638 4.3% 11.1% 2,000 1,738 1,523 USD M 1,500 1,366 1,075 626 711 13.6%
Slide 5: FY25 Business performance
FY25 Business performance Revenue and EBIT growth across all businesses, with and excluding MI Issuer Services Corporate Trust Employee Share Plans 5
Slide 6: FY25 Margin Income
FY25 Margin Income Margin income resilient, down 2.8%. Balances up 8% mitigating lower yields FY25 Margin Income Bridge ($m) FY25 Average Balances Bridge ($b) 900 32.0 0.1 30.0 0.4 0.2 800 42 1.5 700 38 28.0 199 97 600 26.0 781 29.6 29.8 29.9 759 29.2 500 717 24.0 27.7 27.7 679 582 582 400 22.0 300
Slide 7: Capital light. Cash generative. Increased shareholder returns
Capital light. Cash generative. Increased shareholder returns Balance sheet strength funds innovation, acquisitions and shareholder returns Cash flow Capex Debt leverage Shareholder returns Capital light business requires 152% increase in shareholder low levels of ongoing capex to Low leverage ratio
Slide 8: Positive FY26 Outlook
Positive FY26 Outlook Ongoing earnings growth in a lower interest rate environment, initial guidance Management EPS up around 4% Guidance 142 Guidance compared to FY25 Group ~ 140cps, up ~ 4% vs pcp 140 results ~1 ~4 Key assumptions 138 ~7 EBIT ex MI Up ~ 5% US cps ~2 ~5 136 MI Around $720m with ave
Slide 9: Margin Income, yields and average client balances
Margin Income, yields and average client balances FY26 MI expected to be ~$720m, around two thirds of balances insulated from interest rate movements Continuing Business Average Balances by Rate Sensitivity ($bn) FY25 FY26 35.0 Avg Client Avg Client 30.0 Avg Weighted Avg Weighted Balances MI ($m) Ba
Slide 10: FY25 Management results summary
FY25 Management results summary EBIT ex MI +17.4%, margin expansion continues, up 150bps FY25 Actual FY24 Variance vs. FY25 (at CC) Proforma FY24 Proforma Actual Total revenue ex Margin Income $2,349.9 $2,196.9 +7.0% $2,359.0 Margin Income $759.1 $780.7 -2.8% $761.1 Total revenue $3,109.0 $2,977.6 +
Slide 11: FY25 Management EPS
FY25 Management EPS EPS up 15% - in line with guidance upgraded in February Does not include benefit of 2H25 140 share purchases 135 2.3 130 3.6 4.9 10.3 125 0.1 US cps 120 3.8 135.1 115 117.3 110 105 FY24 EPS Buyback FY24 Organic business Margin Interest Tax FY25 EPS shares on issue accretion on US
Slide 12: FY25 costs analysis
FY25 costs analysis Costs managed below inflation, opex +2.2% 2,500 Operating expenses growth +2.2% Organic cost 2,000 reduction $9.4m 204.6 341.4 65.8 75.2 360.0 41.4 1,500 Investments: USD M 1,000 2,022.7 ▪ Annualisation of Solium UK Capital acquisition in FY24. 1,868.6 1,476.6 ▪ Acquisition of In
Slide 13: Computershare Investment Case
Computershare Investment Case High quality, capital light business with long term growth track record Track record – long term earnings growth, margins Group Revenue (USD M) EBIT Margin (%) and returns to shareholders 3,500 40% 37.6% Average historical 35% 3,000 margin ~22% 30% 2,500 25% 2,000 High
Slide 14: Appendix
Appendix 1
Slide 15: Appendices
Appendices Constant Currency Analysis Analysis at actual fx rates Analysis at actual fx rates (continued) FY25 results Proforma Income Statement (excluding KCC Revenue excluding acquisitions and and Mortgage Services) disposals 2H25 Management EPS bridge Key Financial Indicators Cost out programs Re
Slide 16: FY25 results
FY25 results Performance relative to total Group results in FY24, including US Mortgage Services Management Revenue Management EPS1 Margin Income (MI) $3.1bn 135.1 cps $759.1m Down 6.1% Up 15.1% Down 9.3% Return on Invested Management EBIT ex. MI Final dividend per share (AUD)3 Capital (ROIC)2 35.8%
Slide 17: FY25 Management results summary
FY25 Management results summary GROUP Variance vs. FY25 Actual FY24 Variance vs. FY25 Actual FY24 Proforma FY24 Proforma (at CC) Actual FY24 Actual Total revenue ex Margin Income $2,349.9 $2,472.9 -5.0% $2,359.0 $2,196.9 +7.0% Margin Income $759.1 $836.6 -9.3% $761.1 $780.7 -2.8% Total revenue $3,10
Slide 18: 2H25 Management EPS bridge
2H25 Management EPS bridge EPS up 6.9% v. 1H Management EPS growth +6.9% 78 76 4.5 74 0.3 72 11.8 3.6 70 0.5 US cps 68 66 64 69.8 62 65.3 60 58 1H25 EPS Business Margin Interest Tax Buyback 2H25 EPS performance, Income Expense accretion shares on issue cost out at 31 Dec 24 and seasonality The repor
Slide 19: FY25 Management results – constant currency and actual rates
FY25 Management results – constant currency and actual rates USD M At CC At Actual fx Revenue Margin Income At CC At Actual fx At CC At Actual fx Total Revenue ex MI 2,349.9 2,359.0 Issuer Services 1,251.7 1,255.1 235.9 236.4 Margin Income 759.1 761.1 Corporate Trust 978.7 975.9 416.9 415.7 Total Ma
Slide 20: Revenue, Margin Income, EBITDA and EBIT – constant currency
Revenue, Margin Income, EBITDA and EBIT – constant currency Revenue FY24 FY25 FY25 vs 24 EBITDA FY24 FY25 FY25 vs 24 Issuer Services 1,211.3 1,251.7 3.3% Issuer Services 450.2 457.4 1.6% Corporate Trust 936.3 978.7 4.5% Corporate Trust 494.5 518.8 4.9% Employee Share Plans & Voucher Services 458.5 5
Slide 21: Issuer Services
Issuer Services Revenue breakdown FY25 CC FY24 Actual CC Variance Management EBIT Register Maintenance $695.3 $673.6 +3.2% $453.7m 1.4% Corporate Actions Stakeholder Relationship Management $110.5 $91.3 $105.9 $72.0 +4.4% +26.7% Governance Services $118.7 $109.5 +8.4% Margin Margin Income $235.9 $
Slide 22: Corporate Trust
Corporate Trust Management EBIT Revenue breakdown FY25 CC FY24 Actual CC Variance $514.5m 7.3% Trust Fee and Other Revenue MMF Fee Revenue $507.1 $54.7 $467.2 $49.2 +8.5% +11.2% Margin Income $416.9 $419.9 -0.7% Margin Total revenue $978.7 $936.3 +4.5% 52.6% 140bps Mgmt EBIT ex MI Mgmt EBIT ex M
Slide 23: Employee Share Plans
Employee Share Plans Revenue breakdown FY25 CC FY24 Actual CC Variance Management EBIT Fee Revenue $173.1 $166.5 +4.0% $207.5m 15.2% Transactional Other $263.6 $14.6 $220.0 $18.0 +19.8% -18.9% Margin Margin Income $49.1 $53.4 -8.1% 41.5% Total revenue $500.3 $457.9 +9.3% 220bps Mgmt EBIT ex MI $
Slide 24: Actual FX rate analysis
Actual FX rate analysis 2
Slide 25: Key Financial Indicators
Key Financial Indicators 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 Total Management Revenue 1,510.6 1,705.3 1,611.7 1,697.8 1,507.6 1,612.6 3,215.9 3,309.5 3,120.2 Operating expenditure 970.5 1,029.4 990.1 1,032.6 908.9 967.5 1,999.9 2,022.7 1,876.3 Management EBITDA 540.3 676.1 621.7 665.6 598.8
Slide 26: Computershare Profit & Loss
Computershare Profit & Loss USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 Total Revenue ex MI 1,166.5 1,274.0 1,180.9 1,292.0 1,113.3 1,245.7 2,440.5 2,472.9 2,359.0 Margin Income 344.1 431.3 430.8 405.8 394.2 366.9 775.4 836.6 761.1 Total Management Revenue 1,510.6 1,705.3 1,
Slide 27: Statutory results
Statutory results Statutory results FY24 FY25 FY25 v 24 Total revenue 3,297.8 3,114.6 -5.6% Management results are used, along with other measures, to assess Other income 12.6 13.9 10.2% operating business performance. The Company believes that exclusion Total Revenue 3,310.4 3,128.5 -5.5% of certai
Slide 28: Management adjustment items
Management adjustment items USD M (at actual rates) 1H23 FY23 1H24 FY24 1H25 FY25 Management adjustments items (net of tax) Amortisation 35.1 70.7 34.5 70.5 36.0 70.6 Amortisation of acquisition related intangible assets 35.1 70.7 34.5 70.5 36.0 70.6 Acquisitions and Disposals 30.0 85.6 60.2 238.5 1
Slide 29: Issuer Services Profit and loss
Issuer Services Profit and loss USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 FY25 Revenue by ANZ Asia UCIA CEU USA Canada Total Region Register Maintenance 306.7 354.7 308.2 365.4 324.1 373.5 661.5 673.6 697.5 Register Maintenance 90.1 50.1 119.8 61.2 452.4 65.4 839.0 Corpora
Slide 30: Corporate Trust Profit & Loss
Corporate Trust Profit & Loss USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 FY25 Revenue by Region ANZ Asia UCIA CEU USA Canada Total Revenue ex MI - CCT USA 226.0 249.5 225.7 233.7 242.5 259.5 475.5 459.4 502.0 USD M (at actual rates) Revenue ex MI - Other 25.6 28.4 26.5 30.6
Slide 31: Employee Share Plans & Voucher Services Profit & Loss
Employee Share Plans & Voucher Services Profit & Loss USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 FY25 Revenue by ANZ Asia UCIA CEU USA Canada Total Region Fee revenue 71.4 75.9 79.0 87.4 88.0 87.6 147.3 166.5 175.6 Employee Share Plans 18.4 53.2 356.5 0.4 59.2 20.3 507.8 Tr
Slide 32: Mortgage Services & Property Rental Services Profit & Loss
Mortgage Services & Property Rental Services Profit & Loss USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 FY25 Revenue by Region ANZ Asia UCIA CEU USA Canada Total USD M (at actual rates) Total Revenue ex MI 226.3 227.6 219.6 167.3 51.9 49.7 453.9 386.9 101.6 US Mortgage Servic
Slide 33: Communication Services & Utilities Profit & Loss
Communication Services & Utilities Profit & Loss USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 Communication Services 77.2 81.7 83.8 92.1 87.1 95.8 158.9 175.8 182.9 Utilities 3.6 4.3 4.4 4.8 4.8 4.9 8.0 9.2 9.7 Total Management Revenue 80.9 86.0 88.2 96.8 91.9 100.7 166.9 185
Slide 34: Technology Services & Operations Profit & Loss
Technology Services & Operations Profit & Loss USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 Total Revenue ex MI 1.3 3.9 9.5 9.3 16.4 7.4 5.3 18.7 23.8 Margin Income 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Management Revenue 1.3 3.9 9.5 9.3 16.4 7.4 5.3 18.7 23.8 Operating e
Slide 35: Revenue definitions
Revenue definitions Classification USD M FY23 FY24 FY25 FY25 @ CC Issuer Services Client Fees Register Maintenance - Issuer Paid 460.0 446.0 451.9 450.0 Transactional Fees Register Maintenance - Holder/Broker Paid 201.5 227.6 245.7 245.4 Event Fees Corporate Actions 86.2 105.9 110.3 110.5 Event Fees
Slide 36: FY25 Revenue by Country (USD and Local Currency)
FY25 Revenue by Country (USD and Local Currency) USD M (at actual rates) USD M (at actual rates) Australia Hong Kong UK & Offshore Switzerland South Africa Germany USA Canada Other Total Revenue FY25 Register Maintenance 81.3 50.1 89.9 11.0 11.2 25.6 452.4 65.4 52.1 839.0 ANZ 211.6 Corporate Actions
Slide 37: Revenue excluding acquisitions and disposals
Revenue excluding acquisitions and disposals USD M (at actual rates) 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 Management Revenue 1,510.6 1,705.3 1,611.7 1,697.8 1,507.6 1,612.6 3,215.9 3,309.5 3,120.2 Less acquisitions* 324.8 0.0 2.8 22.2 16.0 13.0 324.8 25.0 29.0 Less disposals* 70.7 132.2 236.
Slide 38: Cost out programs
Cost out programs $86m cost out benefit achieved in FY25 $M FY25 change Total cost Total change vs. last Activity FY24A FY25A vs. last FY26E savings estimates disclosure1 disclosure1 Stage 1 Total 25 - 30 28.1 28.1 ► 0.0 28.1 COMPLETE Stage 2 Total 60 - 70 66.2 66.2 ► 0.0 66.2 COMPLETE Stage 3 Total
Slide 39: Other expenditure
Other expenditure Operating costs 1H23 2H23 1H24 2H24 1H25 2H25 FY23 FY24 FY25 Cost of Sales 183.6 187.2 182.0 202.4 162.0 198.3 370.8 384.3 360.3 Personnel 652.9 678.3 653.2 671.5 601.3 620.5 1,331.1 1,324.6 1,221.8 Occupancy 15.9 18.3 19.7 17.8 18.6 16.9 34.2 37.5 35.5 Other Direct 66.4 92.1 78.2
Slide 40: Margin Income Returns
Margin Income Returns FY25 Margin Income is $761.1 ($759.1m in constant currency) Total Group Margin Income Average Balances and Yields 1H25 2H25 FY25 Margin Income $m 394.2 366.9 761.1 45.0 6.00% Avg balances - Total $bn 30.2 29.6 29.9 40.0 Total MI yield % 2.61% 2.48% 2.55% 5.00% 35.0 30.0 4.00% M
Slide 41: Breakdown of average client balances
Breakdown of average client balances Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total FY24 Actual 1H25 Actual 2H25 Actual FY25 Actual Total Balances ($bn) 14.5 14.6 29.2 14.3 15.9 30.2 13.7 15.9 29.6 13.9 16.0 29.9 Hedged balances 4.3 5.0 9.3 4.6 5.3 9.9 4.4 5.6 9.9 4.4 5.5 9.9 By
Slide 42: Breakdown of Margin Income
Breakdown of Margin Income Legacy CCT Total Legacy CCT Total Legacy CCT Total Legacy CCT Total At actual rates FY24 Actual 1H25 Actual 2H25 Actual FY25 Actual Total Margin Income 463.9 372.7 836.6 197.8 196.4 394.2 192.1 174.8 366.9 389.9 371.3 761.1 Hedged 118.7 154.1 272.8 68.4 86.9 155.3 66.6 93.
Slide 43: Exposed and non-exposed average balances by business
Exposed and non-exposed average balances by business FY23 Balances Margin FY24 Balances Margin FY25 Balances Margin (USD bn) Income (USD bn) Income (USD bn) Income Exp + Exp + Exp + Non-Exp (USD m) Non-Exp (USD m) Non-Exp (USD m) Hedge Hedge Hedge Register Maintenance 3.3 0.4 105.6 3.4 0.3 138.7 3.6
Slide 44: Protecting margin income across the interest rate cycle
Protecting margin income across the interest rate cycle 55% of exposed balances hedged in 2H25; $1.7bn of Margin Income locked in irrespective of interest rate movements Total client balances ($bn) Total Hedged Margin Income ($m) 450 3.80% 100 70% 76% of total hedged margin income ($1.3bn) to be 400
Slide 45: Profile of our existing swap, fixed, and floating term book
Profile of our existing swap, fixed, and floating term book Hedged balances ($bn) 1H26 2H26 1H27 2H27 1H28 2H28 1H29 2H29 1H30 2H30 1H31 2H31 1H32 2H32 1H33 2H33 1H34 2H34 1H35 2H35 By Profile 8.8 8.6 8.4 8.1 7.6 7.4 7.0 6.6 6.2 5.7 4.9 4.2 3.8 3.6 2.4 2.2 1.5 0.8 0.5 0.1 Fixed rate term balances 2.
Slide 46: Balance and interest rate sensitivities on annualised Margin Income
Balance and interest rate sensitivities on annualised Margin Income A 3% interest rate environment is expected to generate $670m in annual MI, assuming FY26E client balance profile FY26E Margin Income Bridge ($m) FY26E Average Balances Bridge ($b) 11 0.2 48 47 0.5 29 761 749 30.2 713 713 720 720 29.
Slide 47: Debt Facilities Maturity Profile and Composition – 30 June 2025
Debt Facilities Maturity Profile and Composition – 30 June 2025 Maturity Profile Composition of drawn debt facilities • Diverse sources of debt now in the portfolio with public and private bonds combined with Bank facilities 30% • Average debt facility maturity is 3.8 yrs. Drawn debt maturity is 4.3
Slide 48: Balance sheet
Balance sheet At actual rates 1H23 FY23 1H24 FY24 1H25 FY25 Dec Jun Dec Jun Dec Jun Current Assets USD M 2,081.0 2,173.4 2,955.7 1,987.2 1,938.9 2,066.4 Non Current Assets USD M 4,131.3 3,972.9 3,225.8 3,131.4 3,109.4 3,269.0 Total Assets USD M 6,212.4 6,146.4 6,181.5 5,118.6 5,048.3 5,335.4 Current
Slide 49: Cash flow summary
Cash flow summary USD M (at actual rates) 1H23 FY23 1H24 FY24 1H25 FY25 Net operating receipts and payments 377.4 914.2 543.2 1,020.9 512.2 1,096.0 Net interest and dividends -49.1 -109.5 -65.2 -113.6 -40.4 -79.4 Income taxes paid -80.8 -181.0 -108.1 -176.2 -117.6 -192.9 Net operating cash flows exc
Slide 50: Exchange rates
Exchange rates Currency 1H23 FY23 1H24 FY24 1H25 FY25 USD 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 AUD 1.4895 1.4872 1.5309 1.5250 1.5130 1.5441 HKD 7.8423 7.8386 7.8190 7.8190 7.7870 7.7897 NZD 1.6506 1.6270 1.6539 1.6481 1.6635 1.6923 INR 80.6575 81.4939 82.9649 83.0972 84.1159 85.0896 CAD 1.3278
Slide 51: Important notice
Important notice › Summary information: This announcement contains summary information about Computershare and its activities current as at the date of this announcement. › This announcement is for information purposes only and is not a prospectus or product disclosure statement, financial product o