Wisr Ltd. · ASX:WZR
Wisr — Investor Presentation (February 2026)
29 slides from Wisr's investor presentation, Feb 25, 2026
Slide 1: Company Update H1FY26
COMPANY UPDATE H1FY26 FEBRUARY 2026 1
Slide 2: Our Purpose
OUR PURPOSE Powering peopleʼs progress Smarter money decisions made easy 2
Slide 3: Moderated growth, return to growth, scale and profitability
FY24 FY25 FY26 Moderated growth settings Return to growth Scale and profitability Cash NPAT profitable in Q2FY26 Quarterly loan originations 3
Slide 4: Loan book vs Cash NPAT
Loan book vs Cash NPAT Loan book 21% growth H2FY24 H1FY25 H2FY25 H1FY26 H2FY26 Cash NPAT profitable in Q2FY26 Cash NPAT $3.7M Cash NPAT improvement Inflection point passed and foundation laid for H2FY26 profitability guidance 4
Slide 5: H1FY26 key results
H1FY26 key results LENDING FINANCIAL CAPITAL CUSTOMER $928M $51.5M 11.08% $16.3M Instant loan settlements via NPP Wisr loan book Revenue Portfolio yield Unrestricted cash provide customer funds instantly as at Dec-25 and available 24/7 ↑23% Dec-24 $757M ↑14% H1FY25 $45.3M ↓12 bps H1FY25 11.2
Slide 6: An automation-first fintech
An automation-first fintech Automation of Automation of loan Instant loan loan approvals verification steps settlements ● 83% of loans automatically approved ● 43% of loan verification steps automated ● Loan proceeds processed via the ‘New by AI powered decision engine Payments Platformʼ NPP ● Set
Slide 7: Structural tailwinds creating opportunity
Structural tailwinds creating opportunity Market opportunity / Major banks are exiting Asset-Backed Securities (ABS) TAM3 key lending markets issuance market is growing ● The major banksʼ market share of the personal and ● Funding for certain lending assets has shifted from secured vehicle lending m
Slide 8: Our customers
Our customers What does the average Wisr loan look like? Why are customers coming to us? Where are our customers located? NT 1% Personal loans Secured vehicle loans WA QLD 35% 64% 36% 15% of loan book of loan book NSW 22% Vehicles3 64% SA ACT 5% 1% VIC TAS 19% 2% New loan size average1 Credit score
Slide 9: Strong loan book growth
Strong loan book growth ● Continued momentum in loan originations Loan book drove total loan book growth for the second 23% growth consecutive half, reaching $928.5M as at Dec-25 Dec-24 $756.8M 13% growth ● The personal loan book increased 21% to $597.7M Dec-24 $492.4M 7% QoQ growth in H1FY26
Slide 10: Sustained loan origination growth
Sustained loan origination growth ● The Company delivered its fourth Loan originations consecutive half of strong strong loan 82% growth origination growth in H1FY26 24% growth ● Loan originations of $311.0M, an 82% increase on H1FY25 $170.8M, and a 24% increase on the prior half $251.2M 12% QoQ
Slide 11: Stable yield and improving risk adjusted margin
Stable yield and improving risk adjusted margin ● Portfolio yield of 11.08% was broadly stable H1FY25 11.20% ● Portfolio Net Interest Margin NIM1 was 5.26%, a decrease of 49 bps on H1FY25 5.75%) and 20 bps on prior half 5.46% ○ NIM in H1FY26 was impacted by temporarily elevated undrawn costs
Slide 12: NIM set at origination for the life of the loan
NIM set at origination for the life of the loan 1 Interest income fixed at origination Illustrative example: How Wisr maintains stable margin through interest rate cycles Each loan is originated at a fixed interest rate, Fixed rate income providing certainty over interest revenue for the full life o
Slide 13: Significant improvement in arrears, losses and credit score
Significant Customer credit scores and 90+ day arrears improvement in arrears, losses and credit score ● Loan book average credit score1 increased to 807 Dec-24 798, reflecting disciplined credit underwriting and a shift toward higher-quality originations ● 90+ day arrears decreased 42 bps to 1.1
Slide 14: Income statement
Income statement H1FY25 $M H1FY26 $M Variance $M Variance % ● Cash NPAT improved by $1.6M to $0.7M H1FY25 Revenue 45.3 51.5 6.2 13.7% $2.3M, driven by loan book and revenue growth, Finance costs1 23.4 28.5 5.1 21.8% improved loss performance, and operating leverage as the loan b
Slide 15: H1FY26 capital initiatives
New warehouse live for a complete month Jul-25 Wisr launched a mixed $267M third warehouse in late of FY25, with the first full month of loans included in Jul-25 Capital initiatives Wisr announces $250M ABS transaction accelerate the Sep-25 Wisrʼs fifth ABS transaction decreases cost of funds pathwa
Slide 16: Robust funding program supports growth
Robust funding program supports growth ● The Companyʼs three warehouse facilities now have Funding as at 31-Dec-25 a total commitment of $767M Jun-25 $917M) with $165M undrawn capacity, reflecting a reduction in facility limits to optimise commitment fees and increased ABS transaction cadence ● At
Slide 17: Strongly capitalised
Cash held in warehouses and term deal trusts Strongly ● Undistributed customer loan repayments (principal and interest) ● Unutilised funds from note subscriptions (predominantly third-party debt) capitalised ● Use of funds restricted to funding loans and operating warehouses and term deals e.g. Trus
Slide 18: FY26 guidance
Cash NPAT profitability expected in H2FY26 Upgraded in Nov-25 FY26 Loan origination growth guidance1 FY25 $422M 40%+ Completion of the equity capital raise and refinancing of the corporate debt facility materially reduced Wisrʼs funding costs and strengthened the balance sheet, resulting in Rev
Slide 19: Executive summary
Executive Accelerating ✓ The loan book increased 23% to $928.5M H1FY25 $756.8M, driven by continued momentum in summary loan book origination of both personal and secured vehicle loans growth ✓ Loan originations increased 82% to $311.0M H1FY25 $170.8M ✓ Revenue increased 14% to $51.5M H1FY25
Slide 20: Questions
QUESTIONS 20
Slide 21: Additional information
ADDITIONAL INFORMATION 21
Slide 22: Income statement
H1FY26 H1FY25 Variance Variance Income statement $'000 $'000 $'000 % REVENUE STATUTORY Revenue 51,505 45,309 6,196 14% Revenue increased 14% to $51.5M H1FY25 45.3M) driven EXPENSES by higher average loan balances, partially offset by a slight portfolio yield decrease of 12 bps to 11.08% Employee b
Slide 23: Financial instruments
Financial instruments IMPACT OF HEDGING Wisrʼs hedging program is designed to lock in the cost of funding, and match the term of our In H1FY26, Wisr recorded a $9.1M non-cash gain customer loan assets with the underlying warehouse and ABS borrowings, therefore stabilising from movements in the fair
Slide 24: Statutory NPAT to cash NPAT and EBITDA reconciliation
Statutory NPAT to H1FY26 H1FY25 $'000 $'000 cash NPAT and Statutory NPAT 4,433 2,706 Add: ECL provision expense 151 1,972 EBITDA Add: Share based payments expense 600 1,100 reconciliation Add: Depreciation and amortisation 1,273 805 Finance costs - non-cash1 1,786 342 Add: Non-cash hedge acc
Slide 25: Balance sheet
Balance sheet 31-Dec-25 30-Jun-25 Variance Variance $'000 $'000 $'000 % ASSETS Cash and cash equivalents 75,508 43,641 31,867 73% STATUTORY Trade and other receivables 323 1 322 100% Net Assets of $42.1M, a $15.4M increase from 30Jun-25 Loan receivables 921,498 813,083 108,415 13% $26.7M, primari
Slide 26: Cash flow
H1FY26 H1FY25 Variance Variance $'000 $'000 $'000 % CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 48,675 44,126 4,549 10% Cash flow Payments to suppliers and employees Interest received 15,509 33,167 886 13,647 30,479 810 1,862 2,688 76 14% 9% 9% Management fees received - 997
Slide 27: Key financials and metrics
H1FY25 H2FY25 H1FY26 FY24 FY25 LOAN BOOK 171 251 311 210 422 Key financials Originations $m PL originations $m 109 163 199 161 271 SVL originations $m 62 89 112 49 151 and metrics Average originations balance 33,132 34,246 35,419 29,886 33,787 Closing loan book balance $m 757 824 928 770 824
Slide 28: Expected credit loss
Expected credit loss ECL provision and ECL expense (ECL) ● As at Dec25, Wisr held a total ECL provision of 2.25%1 ● The 31 bps decrease in ‘provision coverageʼ from 2.56% at Jun-25 is due to the positive portfolio performance from stronger recoveries and an improvement in late stage arrears RECONCI
Slide 29: Disclaimer
DISCLAIMER No investment advice or offer of shares Statements about past performance are This presentation does not constitute not necessarily indicative of future investment advice, or an inducement or performance. To the extent required by recommendation to acquire or dispose in law, neither Wisr