Slide 1: Investor Presentation
Investor Presentation For the half year ended 30 June 2025 To be read in conjunction with Appendix 4D and Accounts
Slide 2: Disclaimer
Disclaimer The information contained within this document is in summary form and does not purport to be complete. It should be read in conjunction with Reckon Limited’s periodic reporting and other announcements made to the Australian Securities Exchange. Information provided is current at the date
Slide 3: Overview
Overview Reckon Limited (ASX: RKN) is a software-as-a-service (SaaS) company providing cloud-based technology solutions to customers including SMEs and legal firms Investment highlights Strong earnings profile - $33M in revenue generated in HY25 with EBITDA of $14M and NPAT of $4M 2.5 cents annual d
Slide 4: Corporate overview
Corporate overview Capital Structure Board of directors ASX code: RKN Shares on issue: 113.3M Clive Rabie NON-EXECUTIVE CHAIRMAN Market capitalisation: $56M Share price – low to high $0.465 to $0.65 Greg Wilkinson FOUNDER & NON-EXECUTIVE DIRECTOR Major shareholders Microequities Asset Management Pty
Slide 5: Our focus is on two large and distinct markets
Our focus is on two large and distinct markets SMALL BUSINESS Accounting and Payroll solutions for SMEs Total addressable market 3 million small businesses across Australia and New Zealand LEGAL Practice Management and Workflow for law firms Total addressable market 500 of the world’s largest firms
Slide 6: Financial Results – Half Year 2025
Financial Results – Half Year 2025 * REVENUE EBITDA NPAT $ 33 $ 14 $4 million million million +16% over PcP +21% over PcP +35% over PcP DEVELOPMENT INVESTMENT DIVIDEND $ 8 2.5 million cents per share fully franked *Note: Results include Cashflow Manager business acquired January 2025. PcP is Prior C
Slide 7: Cloud revenue growth of 8%
ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Cloud revenue growth of 8% Small Business Cloud User* Growth Servicing start ups, gig-economy, CLOUD CLOUD small and medium sized businesses USERS REVENUE with accounting, payroll, and business $30M 140K management tools $27.1M $25M Strong cash generating bu
Slide 8: Transition to Reckon One codebase
ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Transition to Reckon One codebase Continued focus on the transition to the Reckon One Focused development investment into Reckon One and codebase Mobile solutions to support this transition Okke customers acquired from Cashflow Manager already Ongoing produc
Slide 9: Acquisition of Cashflow Manager Business
ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Acquisition of Cashflow Manager Business Strategic acquisition of Cashflow Manager Business and clients 20,000 SME clients and 1,000 accounting and bookkeeping partners Contributed $3.1M in revenue, $1.4M in EBITDA and $0.7M in NPAT in HY25 Plan to continue
Slide 10: Client Case Studies
ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Client Case Studies Payroll Management for a National Business Chain A rapidly growing business chain transitioned from a single Desktop Payroll Premier licence to 84 Reckon Payroll subscriptions. A strong example of our strategy to migrate clients from Reck
Slide 11: Growth business in large US and global markets
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Growth business in large US and global markets Subscription revenue growth Servicing Legal firms with workflows through scanning $12.2M & printing, billing and collections, cost recovery and $11.4M analytics solutions $10.8M Our workflow solutions are
Slide 12: Servicing Legal firms with Document Workflows and Billing Workflows
PRACTICE MANAGEMENT AND WORKFLOW FOR LEGAL FIRMS Servicing Legal firms with Document Workflows and Billing Workflows ScanQ – streamlined scanning Billing workflows No. of attorneys MailQ – digital mailroom 5,000 Document RecordsQ – backscanning Sold Installed Workflows PrintQ – print management 4,00
Slide 13: Client Case Studies for BillingQ
PRACTICE MANAGEMENT & WORKFLOW FOR LEGAL FIRMS Client Case Studies for BillingQ Longstanding Legal Client Automates Billing & Payments An existing CostQ client with 260 attorneys automated their CostQ: US$15K* billing and payments by adopting BillingQ. It was a fast sales cycle with strong engagemen
Slide 14: Financial Highlights
Financial Highlights RECKON INVESTOR PRESENTATION HY 2025 14
Slide 15: Group financial performance and cash flow
Group financial performance and cash flow HY25 HY24 GROWTH HY25 HY24 $M $M % $M $M Revenue 33.0 28.4 +16% Operating Cashflow 13.9 11.3 (before development) Organic 29.9 28.4 +5% Acquisition 3.1 - - EBITDA 14.1 11.7 +21% Organic 12.7 11.7 +8% Development Spend (7.7) (7.0) Acquisition 1.4 - - NPAT 4.2
Slide 16: Business Group Financials
ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Business Group Financials A subscription business with consistently strong online growth Financial performance Revenue HY25 HY24 $M $M GROWTH Revenue RECKON ONE 4.4 3.5 26% • Consistently strong cloud revenue growth HOSTED 9.6 9.5 1% • Subscription revenue i
Slide 17: Legal Group Financials
Legal Group Financials Growing subscription revenue and a top tier customer base CONSTANT HY25 HY24 Financial highlights Revenue $M $M GROWTH CURRENCY GROWTH Revenue DOCUMENT WORKFLOWS SUBSCRIPTION 6.2 5.3 +15% +10% • Strong subscription revenue growth BILLING WORKFLOWS SUBSCRIPTION 0.4 0.2 +119% +1
Slide 18: Summary
Summary A software as a service (Saas) company with two clearly defined businesses and opportunities Executing on plan to create valuation improvement and shareholder return Strong consistent financial results - $33M in Revenue, $14M in EBITDA, and NPAT of $4M for half year 2025 A clean Balance Shee
Slide 19: Questions
Questions RECKON INVESTOR PRESENTATION HY 2025 19
Slide 20: Resources
Resources Website reckon.com About us reckon.com/au/about-us Investors reckon.com/au/investors Media reckon.com/au/media RECKON INVESTOR PRESENTATION HY 2025 20