Australian Unity Ltd · ASX:AYUPA
Australian Unity — H1 2026 Earnings Presentation
23 slides from Australian Unity's earnings presentation, Feb 25, 2026
Slide 1: ASX Announcement: Half-Year Investor Update
ASX Announcement 25 February 2026 Australian Unity Limited – Half-Year Investor Update Please find attached Australian Unity Limited’s Investor Update relating to the financial results for the half-year ended 31 December 2025. -end- This announcement has been authorised for release by: The board of Au
Slide 2: Half year results 31 December 2025
Australian Unity Limited Half year results 31 December 2025 To positively impact the wellbeing of millions
Slide 3: Important information
Important information This notice applies to all information provided as a part of this AUL makes no representation or warranty, express or implied, regarding presentation including, without limitation, these slides, associated the fairness, accuracy, completeness, correctness or reliability of the
Slide 4: Agenda and presenters
Agenda and presenters Executive summary 4 Key presenters: Overview of Australian Unity 5 Darren Mann Kelly Bayer Rosmarin Group Executive - Group Managing Transformation status update 6 Finance & Strategy and Director and CEO Chief Financial Officer HY2026 Group results 7 Platform performance 13 Str
Slide 5: Executive summary
Executive summary • Revenue attributable to members of Australian Unity Limited increased from the previous corresponding period • Further period of significant business transformation investment and activity across the Group, including strategic portfolio adjustments and continued operational and s
Slide 6: Overview of Australian Unity
Overview of Australian Unity Established in 1840, Australian Unity is Australia’s first wellbeing company. As a social enterprise and mutual, we deliver health, wealth and care services for our members, customers and the community. Our purpose Our organisational pillars To positively impact the well
Slide 7: Transformation status update
Transformation status update We continue to make positive progress on the transformation programs Transformation progress Pre FY2023 FY2024 FY2025 HY2026 • 185-year history of delivering • Targeted investment to • Transformation and • Acquired Plena Healthcare products and services that accelerate k
Slide 8: HY2026 Group results
HY2026 Group results AUL HY2026 Investor presentation 7
Slide 9: Factors impacting performance
Factors impacting performance Industry headwinds experienced across the operating environment • Introduction of significant regulatory reform across the health and aged care sectors, including: – Aged Care Act 2024 introduction, raising industry standards and increasing costs and administrative burd
Slide 10: HY2026 financial summary
HY2026 financial summary Revenues relatively stable, but earnings impacted by higher expenses driven largely by transformation and integration activity Summary of financial performance - Australian Unity Group HY2026 HY2025 Variance Key financial statistics ($m) ($m) ($m) (%) Revenue and other incom
Slide 11: HY2026 platform earnings
HY2026 platform earnings Earnings across each platform declined versus prior corresponding period, impacted by inflation-driven cost increases as well as planned transformation and integration costs Adjusted EBITDA ($m) 40 HY2025 HY2026 35.5 35 31.2 30 28.3 24.3 25 23.2 20 18.7 15.5 15.7 15 10 5 0 H
Slide 12: Gearing and interest cover
Gearing and interest cover Gearing position improved following $209.8m issue of Mutual Capital Instruments (MCIs) and $94.5m release of capital from the transfer of Australian Unity Bank Limited’s banking business to Bank Australia Limited Covenant gearing ratio Interest cover ratio 60.0% 1,000 9 90
Slide 13: Balance sheet and liquidity
Balance sheet and liquidity Strengthened capital structure and liquidity position FY2026 onwards ($m) 1 • In July 2025, Australian Unity secured an additional 800 $50m of committed debt facilities and refinanced $100m of committed debt facilities until FY2029 700 • In August 2025, the development lo
Slide 14: Platform performance
Platform performance AUL HY2026 Investor presentation 13
Slide 15: Home Health
Home Health The platform provides a range of in-home health services designed to meet the ongoing needs of our customers to support them to live independently and to age well at home Industry dynamics Platform Revenue ($m) • Commencement of Support at Home on 1 November 2025 (previously known as Hom
Slide 16: Insurances
Insurances The platform brings together Australian Unity’s private health insurance (PHI) business and the distribution of general insurance products Industry dynamics Continuing Operations • Ongoing pressures on private health insurers from private hospitals and government constraining Platform Rev
Slide 17: Residential Aged Care
Residential Aged Care The platform owns, operates and develops aged care facilities, delivering comprehensive 24/7 care and accommodation services across 12 facilities in New South Wales, Victoria and Queensland Industry dynamics Platform Revenue ($m) • Aged care reform preparations continued with i
Slide 18: Wealth & Capital Markets
Wealth & Capital Markets The platform comprises investment funds, investment bonds, retirement living, social infrastructure and trustees businesses Platform highlights • One-off strategic transactions included the divestment of The Oaks Retirement Community in Kilsyth, Platform Revenue ($m) Victori
Slide 19: Strategic update and outlook
Strategic update and outlook AUL HY2026 Investor presentation 18
Slide 20: Strategic update and outlook
Strategic update and outlook • In recent years, Australian Unity has been engaged in a significant transformation, investing in systems and re-reshaping its portfolio towards a sustainable set of businesses • The transition to new leadership will include a review of the operating model to ensure the
Slide 21: Appendix
Appendix AUL HY2026 Investor presentation 20
Slide 22: Terminology
Terminology • Adjusted EBITDA: In assessing the performance of its operating • Continuing operations: Comparative information has been business segments, the Group uses a measure of adjusted reclassified to reflect the impact of a discontinued operation. In earnings before interest, tax, depreciatio
Slide 23: Australian Unity Real Wellbeing
Australian »- Real Wellbeing