Slide 1: FY25 Investor Presentation
FY25 Investor Presentation ASX HMY David Stevens CEO and Managing Director Simon Ward CFO All values are in $AUD unless stated otherwise HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 1
Slide 2: Contents
Contents 1. FY25 Highlights 2. FY26 Profit guidance 3. About us 4. Financial results 5. Outlook Appendix HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 2
Slide 3: FY25 Highlights
FY25 Highlights HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 3
Slide 4: FY25 Highlights vs FY24 (pcp)
FY25 Highlights vs FY24 (pcp) $5.5m Statutory NPAT $5.7m Cash NPAT 24% Cash RoE 4Q25 Lending & book growth $18.7m increase, driven by Exceeding upgraded Achieved 24% cash return Group loan book growth +9%. underlying Cash NPAT result, $5.5m market guidance, on equity in Q425, Australian new customer
Slide 5: Stellare 2.0 helps more customers than ever before
Stellare 2.0 helps more customers than ever before Australian new originations Stellare 2.0 boosts new lending by FY25 vs FY24 40% Stellare 2.0® targets the same risk profile but refined to Loans # 70% better support a wider range of people, particularly Increase smaller loan applications, resulting
Slide 6: FY25 Upgraded Guidance Exceeded
FY25 Upgraded Guidance Exceeded FY25 Guidance FY25 Actual Cash NPAT $5.5m $5.7m Cash ROE 20% run-rate in 4Q25 24% for 4Q25 Cash NPAT achieved $5.7m ● Stellare® 2.0 rollout now completed across both countries, setting up for significant growth in FY26 and beyond (Guidance achieved) ● Net interest marg
Slide 7: FY26 Profit guidance
FY26 Profit guidance HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 7
Slide 8: FY26 Guidance: Cash NPAT $12m, 111% increase on pcp
FY26 Guidance: Cash NPAT $12m, 111% increase on pcp Upgraded by 20% $2m FY25 Actual FY26 Guidance Change $12m Cash NPAT $5.7m +111% (previous target $10m+) FY26 Guidance: $12m Cash NPAT Cash NPAT ● Stellare® 2.0 driving year end loan book to $900m+ ● Net interest margin: 9%-10% 320% CAGR ● Risk a
Slide 9: About us
About us HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 9
Slide 10: Fair, simple, personal loan
What sets Harmoney apart Fair, simple, personal loan Loans up to $100,000, average $17,000 Consumer-direct lending, data driven automation Personalised pricing ● AU & NZ’s largest 100% consumer-direct online lender 5.76% - 24.99% ● Market opportunity >$150bn, current market share <1% One establishme
Slide 11: Data + AI + Automation
Data + AI Automation Every month, over 10,000 new High volumes of real-time consumer financial data – customer applications help us combined with our 11+ years of historic data – improve our AI and automation supercharges training of our AI models, helping us optimise for: 2021 & 2023 ● Highly effici
Slide 12: The Harmoney business model maximises customer lifetime value
The Harmoney business model maximises customer lifetime value Right customer Great experience Massive scale • Build reliable target customer models • First-class customer experience • Exploit tech to build scale, speed, through AI and high quality first-party creates annuity revenue as and automation
Slide 13: Experienced & shareholder aligned leadership team
Experienced & shareholder aligned leadership team Deep FinTech experience and large shareholding in Harmoney (Board & Employees own ~30%). Long-term commitment with average tenure 7+ years across the leadership team. David Stevens Simon Ward Brad Hagstrom Richard Wyke Glen MacKellaig Chief Executive
Slide 14: Financial results
Financial results HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 14
Slide 15: Significant improvements across key metrics
Significant improvements across key metrics FY25 FY24 Change Loan book $829m $758m 9% Revenue $132m $123m 8% Net interest income 9.3% 8.8% 50bps improvement 1 Risk adjusted income 5.7% 4.8% 90bps improvement Acquisition to originations ratio 3.4% 3.2% 20bps increase 2 Cost to income ratio 19% 20% 10
Slide 16: Stellare 2.0 now driving growth in both markets
Stellare 2.0 now driving growth in both markets Loan book growth of 9% on pcp Revenue growth ● Loan book growth +9%, with 65% in 2H25 as 8% Growth Stellare® 2.0 accelerated Australian growth and from 4Q25 began driving New Zealand growth. ● AU loan book up +19%, benefiting from a complete year of or
Slide 17: Strong gains across key NIM, Losses and RAI measures
Strong gains across key NIM, Losses and RAI measures Margin after credit losses 5.7% Margin drivers positive ● Interest rate on loan book up to 16.9%. ● Funding rate stable YoY at 7.8%. ● New lending NIM >10% drives loan book NIM 9.3%. ● Credit losses down to 3.7%, within our target NIM 9.3%, Risk a
Slide 18: Credit performance strengthening
Credit performance strengthening Credit losses down 40bps Annualised loss rate ● Deep consumer-direct data and AI credit models delivering prime loan book. ● Prime portfolio with 72% employed in professional, office or trades roles and 87% aged 30+. ● Credit losses down 40bps from pcp to 3.7%, on impr
Slide 19: Stellare automation powers scalability
Stellare automation powers scalability Scalability drives profitability Cost to income ratio at 19% Cost to ● Loan book up +9%, revenue up +8%, while cash income % Loan book $ operating costs up only 1%. ● Operational leverage delivered by highly automated Stellare® platform, further reducing cost t
Slide 20: Harmoney is capitalised for significant growth without raising any equity
Harmoney is capitalised for significant growth without raising any equity Current cash supports $1.5b loan book Reinvested profits fund loan book growth beyond $1.5b ● Growing profits fund future loan book growth, Unrestricted Cash Supports 81% (i.e. $1m profit funds $25m loan book growth). $23m grow
Slide 21: Outlook
Outlook HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 21
Slide 22: Strategic Priorities
Strategic Priorities Our Vision: To evolve Harmoney into a customer-centric financial ecosystem with powerful and inclusive products. Product Expansion AI Leadership Customer Retention Secured Vehicle Loan Loyalty offers and rewards Agentic lending - personalisation at scale Launch iOS/Android app Re
Slide 23: FY26 Product Focus
FY26 Product Focus Our Vision: To evolve Harmoney into a customer-centric financial ecosystem with powerful and inclusive products. Product Expansion - Auto Customer Retention Fast and effortless vehicle acquisition From transactional to always on Our ambition is to redefine auto finance by offering a W
Slide 24: Market Cap vs Business value
Market Cap vs Business value Existing loan book value + Business value at 30 June 2025 ● Proprietary, highly automated Stellare® 2.0 customer $125m+ acquisition and credit assessment engine. Over 10,000 income and new applicants create an account every month. assets embedded $75m+ ● Existing custome
Slide 25: Join our Investor Hub: harmoney.com.au/invest
Join our Investor Hub: harmoney.com.au/invest ● Investor Hub is the best way to stay informed and connected with all things ASX: HMY. ● Comment and ask questions directly to Harmoney’s leadership team and see other investors questions and responses. ● See videos accompanying our ASX announcements, i
Slide 26: FY26 Guidance: Cash NPAT $12m, 111% increase on pcp
FY26 Guidance: Cash NPAT $12m, 111% increase on pcp FY26 Guidance: $12m Cash NPAT Cash NPAT ● Stellare® 2.0 driving year end loan book to $900m+ ● Net interest margin: 9%-10% 320% CAGR ● Risk adjusted income: ~6% ● Cash NPAT: $12m (previous target $10m+) Share buy-back recommencing ● The Board and m
Slide 27: Appendix
Appendix HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 27
Slide 28: $829m Loan Book
$829m Loan Book Loan Employment Region purpose status HARMONEY ©2025 FY25 INVESTOR PRESENTATION 20 AUGUST 2025 28
Slide 29: Shareholder composition: 29% Board and employee owned
Shareholder composition: 29% Board and employee owned 29% Board and employee owned Long-term incentive share plan ● Long-term incentive share plan up to 10% of share Repositioning share register with Post-IPO Investors capital. Post-IPO Investors increasing 9% during the last 32% Post-IPO Investors
Slide 30: Profit and Loss
Profit and Loss Year ended Year ended 30 June 2025 30 June 2024 Change Change % #039;000 #039;000 #039;000 Interest income 131,828 121,768 10,060 8% Other income 419 773 (354) (46%) Total income 132,247 122,541 9,706 8% Interest expense 58,997 55,848 (3,149) (6%) Incurred credit losses 28,843 30,699 1,856 6%
Slide 31: Key operating and financial metrics
Key operating and financial metrics Year ended Year ended 30 June 2025 30 June 2024 Change % Loan book value and growth Total originations (#039;000) 398,845 327,209 22% New customer originations (#039;000) 245,610 195,509 26% Existing customer originations (#039;000) 153,235 131,700 16% Loan book (period en
Slide 32: Cash Flow Balance Sheet
Cash Flow Balance Sheet Year ended Year ended 30 June 2025 30 June 2024 30 June 2025 30 June 2024 #039;000 #039;000 #039;000 #039;000 Cash and cash equivalents 52,617 37,744 Cash flows from operating activities Trade and other assets 3,592 2,959 Interest received 131,179 119,123 Interest paid (58,143) (57,243) F
Slide 33: Important notice and disclaimer
Important notice and disclaimer The material in this presentation is provided for general information purposes No representation or warranty, express or implied, is made as to the fairness, only and is current as at the date of this presentation. It is not a prospectus or completeness, accuracy, ade