Raiz Invest Ltd. · ASX:RZI
Raiz Invest — H1 2026 Earnings Presentation
28 slides from Raiz Invest's earnings presentation, Feb 27, 2026
Slide 1: 1H FY26 Financial Results
1H FY26 Financial Results 27 February 2026 Raiz Invest : Reframing wealth as a right not a privilege Level 9, 2 Bulletin Place, Sydney NSW 2000 Announcement authorised by the Board of Directors Raiz Invest Limited ABN 74 615 510 177
Slide 2: Raiz is a wealth platform for all Australians
Raiz is a wealth platform for all Australians Our vision: A future where wealth has transformed into something everyday Australians can earn, celebrate and share 339,829 $2.13 bn Active Customers FUM At 23 Jan 2026 At 23 Jan 2026 Industry recognition Winner 2025 Canstar Finalist in 2025 Fintech Winn
Slide 3: 1H FY26 Financial Highlights
1H FY26 Financial Highlights Strong revenue growth driving improved profitability Financial Metrics 14.3% Core Business Drivers Revenue Underlying EBITDA1 Active Customers ARPU2 $14.4m $2.6m 336,048 $86.45 24% 270% 6% 16% Operating Cashflow3 Cash FUM Netflows $2.4m $14m $2.1bn $138m 51% 17% 29% 30%
Slide 4: Continued momentum in core business drivers
Continued momentum in core business drivers Active Customers (#) FUM ($m) • Active Customers increased 5.7% • FUM growth from net inflows plus positive market movement • Growth in FUM across all portfolios 4
Slide 5: Strong growth in ARPU
Strong growth in ARPU Strong growth in ARPU • ARPU up 16.4% to $86.45 • CAGR of 13.9% over 3 years Key factors contributing to ARPU growth: • Fee increase effective August 2025 • Growth in higher revenue products (Raiz Plus and Raiz Super) • Strong inflows increasing account balances and FUM-based f
Slide 6: Our strategic pillars
Our strategic pillars Exceptional 3 Customer Experience 1Innovative, Impactful Products Trusted 2 Partnerships for Growth Building advocacy through putting Delivering products that customers use Building and maintaining alliances customers at the heart of what we do and value that deliver shared val
Slide 7: Exceptional Customer Experience: AI driven customer experience in 2026
Exceptional Customer Experience: AI driven customer experience in 2026 AI-Enabled Digital Onboarding 1 Embed Raiz app into ChatGPT and other AI ecosystems with → Improved customer experience MCP white label solution - faster onboarding, enhanced suitability checks, compliance-first AI-Enhanced Raiz
Slide 8: Innovative, Impactful Products: increasing share of wallet
Innovative, Impactful Products: increasing share of wallet Active Portfolios growing faster than Active Customers Kids FUM ($m) 14.3% Plus FUM ($m) • Active Portfolios per Active Customer increased from 1.2 in June 2024 to 1.4 in January 2026, up 17% over last 18 months • Reflects strong uptake of n
Slide 9: Innovative, Impactful Products: Award-winning innovation in fintech
Innovative, Impactful Products: Award-winning innovation in fintech 9
Slide 10: Innovative, Impactful Products: Ambitious product roadmap for 2026
Innovative, Impactful Products: Ambitious product roadmap for 2026 Key Priorities DELIVERING FOR OUR CUSTOMERS Target Q4 FY26 Target Q1 FY27 Target Q2 FY27 Instant Payments Direct ASX Trading US-Listed Equities Enhanced user experience with faster, Single HIN infrastructure development Direct access
Slide 11: Trusted Partnerships for Growth: Delivering shared value and scale
Trusted Partnerships for Growth: Delivering shared value and scale The use of brand names and/or logos is for educational purposes only. All trademarks and registered trademarks are the property of their respective owners. Their use does not suggest a direct affiliation with or endorsement by them.
Slide 12: 1H FY26 Financial Results
1H FY26 Financial Results Half-Year Results: 31 December 2025
Slide 13: Strong revenue growth driving improved profitability
Strong revenue growth driving improved profitability • Revenue increased by 24% to $14.4m % vs $’000 1H FY26 1H FY25 1H25 • Operating Expenses increased by 8% Revenue 14,379 11,604 24 • Employee benefits expenses increased by 21%, driven by an increase in headcount, reflecting continued investment i
Slide 14: Transitioned into structural profitability
Transitioned into structural profitability Growth in UEBITDA was driven by: • 5.7% increase in Active Customers • 16.4% increase in ARPU • Positive jaws - Revenue up 24% vs Costs up 8% Recognition of Deferred Tax Assets (DTA) in respect of accumulated tax losses reflects assessment that it is now pr
Slide 15: Improved operating and free cashflow
Improved operating and free cashflow % vs $’000 1H FY26 1H FY25 1H25 Operating cash flows 2,360 1,559 51 • Operating cash flow: $2.4m (1H FY25: $1.6m) up 51%, Development costs (Capex)8 (1,312) (1,488) 12 representing a cash conversion ratio of UEBITDA of 91% (1HFY25: 221%) Free cash flows (FCF) 1,0
Slide 16: Outlook
Outlook Half-Year Results: 31 December 2025
Slide 17: The opportunity: Acquire new customers and engage existing customers
The opportunity: Acquire new customers and engage existing customers Acquire new customers* Re-engagement and cross-promotion Active Customers 339k Kids Portfolios Opportunity Plus Plans Opportunity Jar Portfolios Opportunity Reward Users Opportunity Super Users Opportunity *Source: ABS, ASX (ASX Au
Slide 18: Exceptional Products: Maximising customer lifetime value
Exceptional Products: Maximising customer lifetime value KIDS: 10% GEN Z: 14% MILLENNIAL: 51% GEN X: 20% BOOMERS: 5% Raiz Academy Raiz Kids Raiz Invest – Lite, Regular, Plus and SMSF Accounts Raiz Invest Super Raiz Jars Raiz Rewards Ambitious Product Roadmap – US-listed equities, Direct ASX trading,
Slide 19: Executing our strategic priorities
Executing our strategic priorities Exceptional 3 Customer Experience Innovative, 1 Impactful Products Trusted 2 Partnerships for Growth State Street Investment Management — AI-Enabled digital onboarding US-listed equities working on combined product roadmap Working with KFC to promote financial lite
Slide 20: A compelling investment thesis
A compelling investment thesis Profitable Scalable Funded for Growth Transitioned to structural profitability Digital-First Platform Solid Cash Position • Steady revenue growth • Large total addressable market • Clear product roadmap • Improving unit economics • Low marginal cost platform • Strong t
Slide 21: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Raiz Invest Limited (ACN 615 510 177) (RAIZ). References in this presentation to RAIZ include its group of companies and trusts. This presentation is subject to the conditions outlined below. Your receipt or viewing of the Presen
Slide 22: Appendix
Appendix Full Year Results: 30 June 2025
Slide 23: Appendix – 1HFY26 Financial Results Presentation
Appendix 1 – 1HFY26 Financial Results Presentation Growth Indicators and Key Financial Metrics 31-Dec-25 31-Dec-24 1H26 vs 1H25 31-Dec-25 30-Jun-25 1H26 vs 2H25 1HFY26 1HFY25 % 1HFY26 2HFY25 % Active Customers 336,048 317,995 5.7% 336,048 329,277 2.1% 1 ARPU ($) 86.45 74.29 16.4% 86.45 77.02 12.2% T
Slide 24: Appendix – 1HFY26 Financial Results Presentation (continued)
Appendix 1 – 1HFY26 Financial Results Presentation (continued) Growth Indicators and Key Financial Metrics 31-Dec-25 31-Dec-24 1H26 vs 1H25 31-Dec-25 30-Jun-25 1H26 vs 2H25 1HFY26 1HFY25 % 1HFY26 2HFY25 % Total Staff - closing FTE (full time equivalent basis) 42 31 35.5% 42 35 20.0% Employee Benefit
Slide 25: Appendix – 1H FY26 Financial Results Presentation (continued)
Appendix 1 – 1H FY26 Financial Results Presentation (continued) 25
Slide 26: Appendix – 1H FY26 Financial Results Presentation (continued)
Appendix 1 – 1H FY26 Financial Results Presentation (continued) OE: Operating expenses TE: Total expenses SAE: Sales and administrative expenses SBP: Share-based Payments EBE: Employee benefits expenses (excluding share-based payments) D&A: Depreciation & Amortisation ME: Marketing expenses FC: Fina
Slide 27: Market information
Market information Share price, capital structure, and substantial shareholders Raiz Share Price & Volume Capital structure (25-Feb-26) Shares on issue 105.4m Share price A$0.605 12-month range A$0.42 - A$0.96 Market capitalisation A$63.8m Cash & cash equivalents 31 December 2025 A$14m Top Holdings
Slide 28: (ASX:RZI)
Investor and media enquiries: Brendan Malone Managing Director and CEO M: + 61 439 339 195 E: ir@raizinvest.com.au Katie Mackenzie Investor Relations M: +61 455 502 197 E: kmackenzie@belleviewir.com.au (ASX:RZI) 28