Slide 1: Full Year FY26 Results Presentation
FULL YEAR FY26 RESULTS PRESENTATION Presenters 27 August 2026 Michael Clarke Ron Patel Pacific Current Group Limited (ASX: PAC) Managing Director Chief Financial Officer ABN: 39 006 708 792
Slide 2: Disclaimer
DISCLAIMER The information in this presentation is general information about Pacific Current Group (‘Pacific Current’ or ‘PAC’) and is current only at the date of this presentation. In particular, this presentation • is not an offer or recommendation to purchase or subscribe for securities in Pacifi
Slide 3: FY26 at a Glance
FY26 AT A GLANCE § Underlying NPAT of A$14.8m (FY25: A$26.0m), down 43%, reflecting the reshaped earnings base following the sale of boutique interests and return of surplus capital to shareholders § Underlying earnings per share of 50.2 cents (FY25: 55.8 cents) declined by a lesser extent, supporte
Slide 4: FY26 Underlying Results
FY26 FY26 ( A$m ) FY25 ( A$m ) Change UNDERLYING Total interest income Total boutique income 16.8 7.1 22.8 25.4 −26% −72% RESULTS Other corporate revenue 1.2 — n/a Total underlying income 25.1 48.3 −48% Underlying NPAT of A$14.8m ; EPS Total overheads (9.4) (15.9) −41% 50.2 cents (FY25: 55.8 cents)
Slide 5: Alternate Balance Sheet
ALTERNATE A$000s Cash 30 Jun 26 157,661 30 Jun 25 137,893 BALANCE SHEET Other Current Assets 1,786 19,739 Current Liabilities (2,387) (5,150) Deferred Tax Liability (6,115) (11,436) Alternate balance sheet presentation Other Non - Current Assets 24,057 65,464 highlighting PAC’s corporate net Other N
Slide 6: Shareholder Value
SHAREHOLDER Shareholder Value VALUE 18 16.18 Total return: PAC vs ASX200 1 year and 5 years (annualised) to 30 June 16 15.51 14.75 2026 13.96 14 13.47 Fair value increased due to 11.92 18.4% 12 11.15 11.48 mark - to- market gains on financial AUD Per Share 10.26 9.88 11.46 assets, with the fair valu
Slide 7: Fair Value vs Book Value
FAIR VALUE VS BOOK VALUE Book Value ( A$m ) Book Value ( A$m ) Fair Value ( A$m ) Fair Value ( A$m ) Investment in Boutiques Comments 30 - Jun - 25 30 - Jun - 26 30 - Jun - 25 30 - Jun - 26 Investment in Boutiques Roc Group 9.3 7.9 37.2 60.1 Fair value increased due to improved growth outlook for th
Slide 8: FY26 Portfolio Movement
FY26 PORTFOLIO MOVEMENT • Partial sale of Victory Park Capital (VPC): Sep 2025 - sold 2% of VPC equity and 0.8% of VPC - Holdco future carry to CNO Financial Group (NYSE: CNO) for US$5.5m (A$8.1m); US$5.2m (A$7.7m) net received in October. Residual interests: 9.2% equity, 18.6% Holdco carry, 24.9% e
Slide 9: Strategic Review
STRATEGIC REVIEW • Strategic review commenced: announced 27 August 2026 – a comprehensive, formal review of PAC’s strategic alternatives to optimise value for all shareholders • River Capital proposal: PAC has received a non - binding indicative proposal from River Capital Pty Ltd, an established Au
Slide 10: FY27 Priorities
FY27 1 Preserve capital optionality 2 Return capital to shareholders PRIORITIES Maintain balance sheet strength, with deployment opportunities assessed in light Fund dividends from underlying cash earnings, with the buy - back and further of the strategic review returns assessed alongside the strate
Slide 11: Appendices
APPENDICES PACIFIC CURRENT GROUP 05
Slide 12: IFP Loan Facility – Progress Update
IFP LOAN FACILITY – PROGRESS UPDATE US$8.2m of the US$25.1m facility drawn, with recruitment and acquisition momentum accelerating in CY26 Facility Drawdown (as at 30 June 2026) • US$8.2m drawn of the US$25.1m facility (c.33%), funding advisor recruitment and book acquisitions • c.US$16.9m remains u
Slide 13: How to Think About the PAC Portfolio
HOW TO THINK ABOUT THE PAC PORTFOLIO PAC’s portfolio can be broken down into three distinct asset types, with varying growth and yield expectations PAC Asset Breakdown Portfolio Fair Value by Asset Type 30 June 2025 30 June 2026 Cash (34% of portfolio) • A$158m of surplus cash, up on 30 June 2025 as
Slide 14: FY26 Funds Under Management
FY26 FUNDS UNDER MANAGEMENT A$ millions unless stated. Continuing boutiques grew through the year; the headline step - down reflects the exit of Aether in Jun e 2026 and a stronger AUD. 30 Jun 2025 Net flows Market & other FX translation Aether divestment 30 Jun 2026 → → → → → 30,018 (542) 65 (979)
Slide 15: Statutory Profit or Loss
STATUTORY A$000s Revenue from operations FY26 — FY25 4,552 PROFIT OR LOSS Distributions and dividend income 5,651 18,472 Interest income 9,388 18,456 Other income 1,178 — FY26 statutory loss after tax of A$1.5m, Changes in fair value (23,311) (10,598) versus A$58.2m in FY25 — the swing (Loss)/ Gain
Slide 16: Statutory Underlying Reconciliation
STATUTORY A$000s Reported Net Profit/(Loss) Before Tax FY26 (17,296) FY25 82,208 UNDERLYING Non -cash items RECONCILIATION Amortisation expenses Fair value adjustment of financial assets 437 30,755 2,622 15,229 Fair value adjustment of financial liabilities — (251) Impairment of investments and fina
Slide 17: Expenses
UNDERLYING $000s Interest income FY26 (A$) 16,832 FY25 (A$) 22,836 PROFIT DRIVERS Boutiques income Other corporate revenue 7,129 1,178 25,441 17 Total income 25,139 48,294 Employment 1,746 2,319 Underlying NPBT and NPAT are Director fees 556 834 unaudited and non - IFRS financial Marketing/commissio
Slide 18: Statutory Balance Sheet
STATUTORY A$000s Cash and cash equivalents 30 Jun 26 37,661 30 Jun 25 39,893 BALANCE SHEET Short - term deposits 120,000 98,000 Other current assets 1,786 40,081 Non -current assets Balance sheet strengthened through Investments in associates and joint ventures 25,400 28,890 debt repayment, portfoli
Slide 19: Statutory Cash Flow
STATUTORY A$000s Operating cash flow FY26 FY25 CASH FLOW Net (payment)/ receipts from customers/suppliers/financiers Dividends received 3,464 10,864 1,936 26,200 Income tax paid (2,055) (7,922) Investing cash flow Investment in short - term deposits (22,000) 127,000 Net proceeds from disposal of ass
Slide 20: Alternate Cash Flow
ALTERNATE A$000s Underlying NPBT FY26 15,771 FY25 32,423 CASH FLOW Less: non - cash accounting earnings from boutiques (7,129) (24,357) Add: dividends received from boutiques 10,864 26,200 Net interest accrual - to- cash adjustment (4,064) (3,334) Reconciles the underlying NPBT Depreciation and amor
Slide 21: PAC Boutique Investments
PAC BOUTIQUE INVESTMENTS 7.5% 30% 9.2% Private real estate Private equity, Asia - Pacific Private credit 2019 investment, USA 2014 investment, Australia 2018 investment, USA Pennybacker Capital Management (“Pennybacker”) Roc Partners is a specialist private markets Victory Park Capital Advisors (“VP
Slide 22: PAC Boutique Investments
PAC BOUTIQUE INVESTMENTS 39% / 44.5% Pref. Equity / 18.8% 24.9% Pref. Equity / 23% Private equity, real assets Global, international, & EM small cap equity Hybrid RIA platform Placement agent 2021 investment, UK 2014 investment, USA 2019 investment, USA 2014 investment, UK Astarte Capital Partners i
Slide 23: Key Definitions
KEYDEFINITIONS KEY Revenue Share Boutique investments where PAC is entitled to a percentage of boutique’s top - line revenues (largely made Net Asset Value (NAV) Pacific Current Group’s total equity (attributable to owners of the company and excluding non controlling interests) DEFINITIONS up of man
Slide 24: Understanding Fair Value NAV
UNDERSTANDING The statutory consolidated financial statements have been prepared on the basis of historical cost, except for certain financ instruments that are measured at fair value at the end of each reporting period. As such, the Group’s investments in operating subsidiaries and Associates and J
Slide 25: Authorised for Release by the Board
AUTHORISED FOR RELEASE BY THE BOARD OF PACIFIC CURRENT GROUP LIMITED Contact: Michael Clarke – Managing Director For Investor T: (+61) 2 9000 1939 & Media E: info@paccurrent.com enquiries: W: www.paccurrent.com Quay Quarter Tower, Address: Level 3, 50 Bridge Street, Sydney, NSW 2000, Australia 25