Slide 1: Record Financial Group H1 FY26 results presentation
Record Financial Group H1 FY26 results presentation 7 November 2025 J =r record Listen Understand Deliver
Slide 2: Disclaimer
Disclaimer IMPORTANT INFORMATION This document does not constitute an offer to sell or an invitation to buy shares in Record plc or any other invitation or inducement to engage in investment activities. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the
Slide 3: Strategic update
F record H1 FY26 interim results presentation | Record Financial Group
Slide 4: Why Record?
Why Record? Record is a specialist currency and asset manager delivering best-in-class solutions to large institutional investors J 4F record Over $110 billion AUM for clients based all over the world Leading provider of derivative solutions to large clients Over 40-year track record of exceptional
Slide 5: Strategic and Operational Progress
Strategic and Operational Progress “We are in the middle of an important ° transition to becoming a business with higher margins and long-term recurring revenues, which will deliver sustained growth and increased value.” Dr Jan Witte, CEO ar record First deployment of capital from the Record Infrast
Slide 6: Long-term potential in Private Markets
Long-term potential in Private Markets Demand for private assets underpins our higher margins and fastest areas of growth AUM | (Sbn) Revenue | (£m) eMSF preerteie ia Infrastructure Distribution fees — Success in Private Markets is built on our ability to structure large scale bespoke solutions EM L
Slide 7: Risk Management and Absolute Return
Risk Management and Absolute Return + Our Risk Management and Absolute Return solutions are designed to help clients navigate and benefit from the complexities of foreign exchange fluctuations + Solutions tailored to clients needs, ensuring currency risk is managed effectively across various individ
Slide 8: Financial performance
Financial performance
Slide 9: Highlights
Highlights AUM + AUM of $110.3 billion S11 0.3bn A 4% + Management fees down 8%, total revenue down 9% vsHIFY25 + Disciplined cost management to bring operating costs down while funding key investments fevenue £19 2m 9% + Interim dividend maintained at 2.15p vsHIFY25 + Balance sheet remains strong w
Slide 10: Financials
Financials £m HIFY26 HIFY25 Change + Revenue down 9% due to combination of lower Revenue 19.2 2 (9%) management fees and lower performance fees Cost of sales (0.1) (0.2) (66%) . Grosserenit 191 70.9 (8%) + Careful management of costs reduced operating costs Operating costs (14.8) (15.4) (4%) by 4% O
Slide 11: Assets Under Management
Assets Under Management AUM growth for the 6 months ended 30 September 2025 | (Sbn) AUM by Currency 20 76 1103 = CHF 10 mUSD ° 16 mEUR 100.9 02 00 ™cBP =Other ling adjustment Net flows Equity & ar record H1 FY26 interim results presentation | Record Financial Group
Slide 12: Summary of revenue by product
Summary of revenue by product —£m HIFY26 __HIFY25 Change + Strong growth in Solutions for Asset Managers Mi ement fees q 9 q ee vdgine Ss se (s%) ___* Discontinuation of FX Alpha and Custom eremrenecene 65 4 (8%) Opportunities mandates reduced Absolute Return Solutions for Asset Managers 2.3 17 36%
Slide 13: Operating costs
Operating costs £m H1FY26— HIFY25 Change Staff costs 9.9 10.6 (7%) Technology 2.0 2.2 (10%) Professional fees 1.3 15 (13%) Occupancy 0.5 0.5 - Depreciation and amortisation 0.7 0.3 190% Travel and marketing 0.5 0.3 35% Operating costs 14.8 15.4 (4%) Headcount (average) 104 99 5% ar record + Overall
Slide 14: Balance Sheet and Capital
Balance Sheet and Capital Cashflow | £m Balance Sheet 4.60 + Highly cash generative, a — o10 capital light business a sae y a9} a . . woe oe 2 11.40 + Capital and liquidity sufficient to 5 (4.90) meet regulatory requirements 8 1 Dividends ° ; Purch Dividend - Strong balance sheet supports , ; , divi
Slide 15: Agenda
Age n d a F record Strategic update Financial performance Summary & outlook Appendix H1 FY26 interim results presentation | Record Financial Group us FE _ Ses tf F< =
Slide 16: Outlook
Outlook + Deployment of new funds in Private Markets will drive transformational growth in revenue and EPS over the medium term + Shorter-term outlook for the business - depends on the timing of delivery of these new projects. + The Board will continue to balance the expectations of shareholders for
Slide 17: Summary
Summary - Record is a business in transition * Our core strength remains unchanged: to deliver best-in-class solutions for large institutional investors + Strong momentum in Private Markets will transform the Group in the coming years - Well positioned to grow revenue and EPS over the medium term ar
Slide 18: Appendix
F record Financial performance Summary & outlook H1 FY26 interim results presentation | Record Financial Group
Slide 19: Additions to Executive Leadership Team
Additions to Executive Leadership Team Andreas Daenzer Andreas brings with him a wealth of valuable experience having overseen large investment teams managing institutional investment portfolios. Andreas is already highly familiar with Record and its approach to currency management, and Record is co