Af Legal Group Limited · ASX:AFL

Af Legal — Investor Presentation (February 2026)

14 slides from Af Legal's investor presentation, Feb 27, 2026

  1. Slide 1: H1 FY26 Investor Presentation

    H1 FY26 Investor Presentation 27 February 2026 1

  2. Slide 2: H1 FY26 Highlights

    H1 FY26 Highlights  Revenue growth up 40% on prior corresponding period (pcp); up 20% on previous half year (H2 FY25)  Q2 FY26 average weekly revenue of $680k held close on Q1 ($692k) despite seasonal December slowdown and associated impact of court and office closures  Our significant turnaround

  3. Slide 3: Revenue growth accelerating as is profitability

    Revenue growth accelerating as is profitability Half Year Revenue ($000) Average Weekly Revenue ($000) Normalised NPBT attributable ($000) 680 605 494 1,263 17,828 465 14,896 821 12,706 622 561 10,951 510 10,710 388 10,054 271 8,827 8,615 8,369 344 (407) (463) H1 H2 FY22 H1 H2 FY23 H1 H2 FY24 H1 H2

  4. Slide 4: Revenue growth continues to accelerate

    Revenue growth continues to accelerate Half Year Revenue ($000)  H1 FY26 Revenue of $17.8 million up by $5.1 million or 40% on the prior corresponding period of H1 FY25 at $12.7m (pcp)  Up 20% on previous high achieved in preceding half (H2 FY25)  Armstrong Contested Wills & Estates is strengthen

  5. Slide 5: Revenue momentum continued seasonally adjusted

    Revenue momentum continued seasonally adjusted Average Weekly Revenue ($000)  Average Weekly Revenue (AWR) for Q2 FY26 was $680k, down 680 sightly on Q1 FY26 of $692k per week due to seasonal December slowdown and associated impact of court and 605 office closures 494  Q2 slight contraction was fl

  6. Slide 6: Leveraging impact on underlying profit becoming clearer

    Leveraging impact on underlying profit becoming clearer $'000 H1 FY26 FY25 H2 FY25 H1 FY25 FY24 FY23  Normalised NPBT attributable to owners of AF Legal Revenue 17,828 27,602 14,896 12,706 21,661 18,881 Group of $1.263 million for H1 FY26 was up Average Weekly Revenue [AWR] 686 531 573 489 417 363

  7. Slide 7: Operating leverage growing underlying profit

    Operating leverage growing underlying profit Normalised NPBT attrib % 7.8%  Normalised NPBT attributable margin at 7.1% continues our 5.6% improving trend in line with our lift towards our short- 4.0% medium term 10% margin aspiration  FY25 was 5.0% 7.1%  Adjusted for the impact of Minority Inter

  8. Slide 8: Balance Sheet H1 movements

    Balance Sheet H1 movements Consolidated Statement of Financial Position As at 31 December 2025 31-Dec-25 30-Jun-25 Movement Movement  Net Total assets at $10.6 million increased by $0.8 million (30 June ASSETS $'000 $'000 $'000 % 2025: $9.8 million) CURRENT ASSETS Cash and cash equivalents Trade an

  9. Slide 9: Strong Operating Cash Flow reflects healthy cash conversion

    Strong Operating Cash Flow reflects healthy cash conversion Consolidated Statement of Cash Flows For the half-year ended 31 December 2025 H1 FY26 H1 FY25 FY25  Operating cash flow for H1 FY26 was an inflow of $2.385 Cash Flows from Operating Activities $'000 $'000 $'000 million (H1 FY25: inflow of

  10. Slide 10: Focus and Outlook FY26

    AIF LEGAL Focus and Outlook FY26 Armstrong Watts McCray 49 Legal Australian AFL AFL = a a Famil ly Kordos Withnalls Lawyer: Lawyer: Lawyers

  11. Slide 11: Focus and Outlook

    Focus and Outlook People-first culture New Client Activity Profitability Proven growth model  GPTW lift to 85% in Nov-25 (Oct-  Sponsorship & Executive Producer  Improving underlying Profitability  Expand into new regions and 24: 84%, Aug-23: 53%) of Millie Vs – The Film created by trend continu

  12. Slide 12: Our Growth Strategy

    Our Growth Strategy Our short-medium term aspirational target for AF Legal is $50 million Revenue & $5 million NPBT attributable  Grow existing Family Law practices through team expansion  Entered 2 new markets opening new serviced office locations  Opening complementary FL practices feeding off

  13. Slide 13: Appendix – EBITDA to Normalised NPBT attributable

    Appendix – EBITDA to Normalised NPBT attributable Statutory EBITDA to Normalised NPBT attributable $ million 2.75 -0.94 -0.34 0.49 1.26 -0.70 EBITDA D&A incl. lease amort Interest NPBT attrib to minorities Normalising adjustments Normalised NPBT attributable Normalised EBITDA to Normalised NPBT attr

  14. Slide 14: Thank You

    Thank You Legal baUeCnG Australi: AFL 5 BBFamiiy BBikordos Si Armstrong = Watts McCray 44 Lawyers Lawyers

AF Legal Group — Investor Presentation (February 2026) on 6ix