FINEOS Corporation Holdings Plc · ASX:FCL
FINEOS — FY2025 Earnings Presentation
25 slides from FINEOS's earnings presentation, Feb 25, 2026
Slide 1: FY25 Results Presentation
FY25 Results Presentation Michael Kelly (Founder and CEO) and Ian Lynagh (CFO) © FINEOS Corporation Ltd 25 February 2026 1
Slide 2: Vision
Vision A world where protection from illness, “Global market injury and loss is accessible to everyone leader in core systems for group and individual Life Accident and Health insurance on a single technology platform” Purpose We help our customers care for the people they serve through the delivery
Slide 3: FY25 FINEOS Financial Highlights
FY25 FINEOS Financial Highlights FINEOS FY25 Result demonstrates Strong Operating Momentum with Positive Free Cash Flow Subscription ARR Total Revenue €78.3m Revenue €75.6m at 31 Dec’25 €138.4m Up 8.2% on FY24 - representing Up 3.9% on FY24 54.6% of total revenue Up 10.0% from €71.2m on FY24 Up 6.3%
Slide 4: FY25 FINEOS Operational Highlights
FY25 FINEOS Operational Highlights FCF of €6.4m coupled with Won 4 new name North 2 existing US clients (1 top 10) Net Profit of €1.0m American carriers – licensing contracted to upgrade from on facilitated by Subscriptions FINEOS AdminSuite for premises Claims to FINEOS growth and cost efficiencies
Slide 5: Our people – a key asset of the business
Our people – a key asset of the business Employees by function 1% 5% 34% Product Consulting Average Product Consulting utilisation for the period was 88% (FY24: 85%) 88% Cloud Ops Utilisation R&D Retention rate of over 90% (similar to FY24) >90% 49% Sales & Marketing As part of its FY25 cost r
Slide 6: Geographic mix of revenues
Geographic mix of revenues North America remains the dominant regional source of revenue with 80.3% share in FY25 FY25 revenue by region FY24 revenue by region Changes to revenue growth by region 4.1% 3.6% • North American revenue share grew 5.1% to 80.3% in FY25 driven by higher Subscription 16.5%
Slide 7: FY25 – Financial Slides
FY25 – Financial Slides © FINEOS Corporation Ltd 7
Slide 8: Income Statement
Income Statement • Total Revenue €138.4m, up 3.9% from FY24 (FY24: €133.2m) o On a constant currency basis, FY25 revenue rose 6.3%, an additional €3.2m, to €141.7m from FY24 Income Statement FY25 FY24 % Change o Subscription revenue increased 8.2% in FY25 driven by a mix of €m €m 75.6 69.9 8.2% new
Slide 9: Subscription Revenue growth continues
Subscription Revenue growth continues Subscription revenue now represents 54.6% of total revenue Breakdown of FY25 Revenues: Total Revenue €m • Total Subscription Revenue increased 8.2% to €75.6m in FY25 driven by 149.9 141.5 cross and up-sell opportunities and 143.4 138.4 new client wins Cloud Su
Slide 10: Operating Expenses
Operating Expenses 100m Total Operating Expenses €M Operating expenses FY25 FY24 % Change €m €m 80m Research & development (24.4) (23.3) 4.7% Sales & marketing (2.7) (3.4) (19.6%) 60m Product consulting (20.1) (21.8) (7.9%) 40m Cloud operations/support (12.6) (14.2) (11.2%) General & administration
Slide 11: R&D investment continues to decrease as a % of revenue
R&D investment continues to decrease as a % of revenue FINEOS is changing the profile of its R&D spend to focus more on digital and data related work R&D Investment1 €m Ongoing investment being made in 38.5% 37.9% R&D to continue to drive subscription 37.0% 35.1% 34.7% revenue growth 49.3 48.0 Nor
Slide 12: Balance sheet
Balance sheet • Cash at bank increased 40.4% as at 31 December 2025 reflecting Statement of Financial Position 31 Dec 25 31 Dec 24 % Change higher cash collection, a reduction in staff cost and €1.6m in cash €m €m received from share option exercises Cash at bank 27.8 19.8 40.4% Trade receivables 8.
Slide 13: Statement of Cash Flows
Statement of Cash Flows • Net cash generated from operating activities of €38.6m Statement of Cash Flows FY25 FY24 % Change increased 106.2% compared to FY24 reflecting higher cash collection and continued improvements in operational efficiency €m €m Net cash generated from operating • Net cash used
Slide 14: FY26 Outlook & Key Priorities
FY26 Outlook & Key Priorities © FINEOS Corporation Ltd 14
Slide 15: Technology Ireland: Technology Innovation of the Year Award
Technology Ireland: Technology Innovation of the Year Award Awarded for FINEOS Embedded AI FINEOS was awarded the 2025 Technology Ireland Industry Award for Technology Innovation of the Year for FINEOS Embedded AI. This recognition was for embedding secure, transparent, and explainable AI directly i
Slide 16: FY26 Key Priorities
FY26 Key Priorities Overarching priority for FY26 is to continue growing revenues, margins and cash reserves. To support this priority, FINEOS will focus as follows: Scale Guardian for all new business on the FINEOS Platform and begin legacy system migration Continue to scale / up-sell to other
Slide 17: Outlook & Guidance for FY26
Outlook & Guidance1 for FY26 • Revenue is guided2 to be between €147m - €152m • Supported by strong pipeline and locked in revenues with many existing clients • Continue strategy of driving operational efficiencies within FINEOS • Having achieved positive free cash flow and profitability in FY25, co
Slide 18: Reiterating Outlook & Guidance for beyond FY26
Reiterating Outlook & Guidance1 for beyond FY26 • Subscription fees to increase as a percentage of total revenues to 65% in FY27 and 75% in FY29 • R&D investment to decrease as a percentage of total revenue to 30% in FY27 and 25% in FY29 • Retain Gross Margin at 75% in FY27 and increase it to 80% in
Slide 19: FINEOS Roadshow
FINEOS Roadshow Sydney Wednesday 25th March RSVP by Friday, 20th March to jacqueline.pfenninger@automicgroup.com.au © FINEOS Corporation Ltd 19
Slide 20: Disclaimer
Disclaimer This presentation has been prepared by FINEOS Corporation Holdings PLC (Company or FINEOS). By accessing or attending this presentation, you acknowledge that you have read and understood the following statements. NO OFFER OF SECURITIES Nothing in this presentation should be construed as e
Slide 21: Thank you
Thank you © FINEOS Corporation Ltd 21
Slide 22: Appendices
Appendices © FINEOS Corporation Ltd 22
Slide 23: Significant growth opportunity for FINEOS in North America
Significant growth opportunity for FINEOS in North America Existing clients Total Employee Benefits Market (AM Best) • FINEOS penetration is at 10-15% US$200b premium • Up-sell white space to expand lines of business supported • Cross-sell opportunity for FINEOS FINEOS Target Market AdminSuite, Insi
Slide 24: FINEOS DEI - Embrace
FINEOS DEI - Embrace Our FINEOS Embrace DEI mission statement is that “as a company, we are committed to recognizing the value of diversity among our employees, which includes intentionally building a work environment where all employees feel included and valued both irrespective to and because of t
Slide 25: FINEOS ESG Strategy
FINEOS ESG Strategy At FINEOS ESG enables our FINEOS Growth Strategy and the key areas of focus across the three pillars for our ESG strategy are: •Maintain a low carbon footprint and support initiatives to further reduce •Support our people through diversity and inclusion, community initiatives and
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