Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (May 2026)
20 slides from Bell Financial's shareholder meeting presentation, May 7, 2026
Slide 1: 2026 AGM – Co-Chief Executive Officers' Presentation
7 May 2026 ASX Market Announcements Office ASX Limited Level 27, 39 Martin Place Sydney NSW 2000 2026 AGM – CO-CHIEF EXECUTIVE OFFICERS’ PRESENTATION Please find attached a copy of the presentation to be given by the Co-Chief Executive Officers at Bell Financial Group Limited’s Annual General Meetin
Slide 2: 2026 Annual General Meeting
2026 Annual General Meeting Thursday, 7 May 2026
Slide 3: Agenda
Agenda 2025 overview 1 Reports for 2025 2 Re-election of Christine Feldmanis 3 Remuneration Report 4 Re-election of Brian Wilson AO
Slide 4: 2025 overview
2025 overview BELL FINANCIAL GROUP
Slide 5: Key messages
Key messages 1 Strong financial performance with growth across all business divisions 2 Continuing growth in recurring revenue streams 3 Sustained client growth underpinned by onboarding of new clients 4 Efficiency and productivity improvements continue to underpin margin growth 5 Delivered sharehol
Slide 6: 2025 highlights
2025 highlights Consistent delivery of sustainable and profitable growth Revenue Net profit after tax Earnings per share Dividend per share $299.2m $36.0m 11.3¢ share 9.5¢ share 8% increase on 2024 17% increase on 2024 18% increase on 2024 19% increase on 2024 Funds under advice NPAT margin expansio
Slide 7: The changing market landscape
The changing market landscape Structural shifts in wealth, technology and advice are reshaping how Australians invest and engage with managing their wealth $3.5 trillion1 wealth transfer Wealth management evolution AI is changing advice engagement • Ageing demographics are accelerating the • The adv
Slide 8: Core strategies
Core strategies Five core strategies to drive growth and to create a more diversified, resilient business while responding to changing market conditions 7
Slide 9: Strong momentum built across 2025
Strong momentum built across 2025 Considerable progress was made in 2025, with approximately $7.0m invested across key strategic initiatives that are now well advanced and gaining early momentum , 8
Slide 10: Our divisions
Our divisions We have two complementary divisions serving distinct market needs and leveraging core financial services and technology strengths 1 2 Markets Platforms Core services Core services • Retail, wholesale and institutional broking • Online broking and third party clearing • Equity capital m
Slide 11: Financial performance
Financial performance Strong momentum in the second half across both equity and capital markets, supported by growth in the Platforms division underpinned a strong year $M 2025 2024 Variance Revenue 299.2 276.4 8% REVENUE ($M) NPAT ($M) EBITDA 56.0 47.6 18% NPAT 36.0 30.7 17% 299.2 36.0 276.4 30.7 N
Slide 12: Financial performance (cont.)
Financial performance (cont). Revenue and earnings growth underpinned by Platforms recurring revenue and earnings • Revenue grew 10% in 2025, with solid growth across both Markets and Platforms divisions. • Profit after tax was up 17%, demonstrating the leverage to revenue growth • The Platforms div
Slide 13: Balance sheet
Balance sheet Strong balance sheet with no core debt, $146m in company held cash, with approximately $80.0m required to meet regulatory and working capital requirements Balance sheet at December 2025 Valuation metrics at December 20251 RETURN ON EQUITY (%) Cash $146.0m Market capitalisation $421.8m
Slide 14: Funds under advice (FUA)
FUNDS UNDER ADVICE ($B) Funds under advice (FUA) 5 Year CAGR: 4.9% Strong increase in FUA driven by net inflows, client acquisitions and retention • Funds under advice (FUA) were $92.1b at December 2025, up 7.3% on the p.c.p.. • Conversion of sponsored holdings into Private Wealth assets remains a k
Slide 15: Performance by Division
Performance by Division Markets Retail and Institutional broking, Equity Capital Markets and Foreign Exchange Platforms Online broking and third party clearing, Bell Potter Private Wealth, portfolio lending and Bell Financial Trust Platforms $97.2m (34%) Platforms $25.9m Markets Retail, wholesale an
Slide 16: Performance by division: Markets
Performance by division: Markets A return of investor confidence in the second half helped drive revenue and earnings growth Variance on • Retail and institutional broking revenue increased 6.4% in 2025 to $99.5m, supported by $M 2025 p.c.p. strong trading conditions in the second half. Revenue $192
Slide 17: Performance by division: Platforms
Performance by division: Platforms Sustained growth and strong margins validate the effectiveness of our recurring revenue investment strategy $M 2025 Variance • Online broking / Third Party Clearing revenue increased 18.2% in 2025 to $45.5m, with Revenue $97.2m 13% margins benefitting from ongoin
Slide 18: Market update
Market update Revenue • Revenue and earnings momentum in the 2nd half of 2025 has carried into the first four months of $109.6m 2026. • Group revenue was $109.6m (unaudited) for the four months, a 37% increase on the p.c.p. 37% increase on YTD April 2025 • Group NPAT was $16.3m (unaudited), a 197% i
Slide 19: Important Disclaimer
Important Disclaimer The material contained in this presentation has been prepared by Bell Financial Group Limited ABN 59 083 194 763 (Bell Financial Group) and is general background information about the businesses, operations and activities of Bell Financial Group and its subsidiaries, current as
Slide 20: Bell Financial Group
BELL FINANCIAL GROUP
Bell Financial Group — Shareholder Meeting (May 2026) on 6ix