Slide 1: Investor Briefing FY25 Results
INVESTOR BRIEFING FY25 Results 26 August 2025 Tyro Payments Limited ABN 49 103 575 042
Slide 2: Disclaimer
DISCLAIMER This presentation is provided by Tyro Payments Limited (ABN 49 103 575 042) and its controlled entities (variously, “Tyro”, “us”, “we”, “our” and “Group”) and is current at 26 August 2025. It is information given in summary form only and does not purport to be complete. It does not consti
Slide 3: Our mission: making payments the easiest part of doing business
WE’RE ON A MISSION TO SHAKE THINGS UP, MAKING PAYMENTS THE EASIEST PART OF D ING BUSINESS 3
Slide 4: Scan to read more
EST 1998 _ al LEGENDARY CHARCOAL wl = - 1 pat pst 1998 COC annale on) LEGENDARY CHARCOAL CHICKEN
Slide 5: Scan to read more
Warehouse CRAFT + QUALITY * CARE
Slide 6: Scan to read more
Scan to read more tyro
Slide 7: Introduction and Summary
INTRODUCTION AND SUMMARY Jon Davey CEO and Managing Director
Slide 8: FY25 Results: Key Themes
FY25 RESULTS: KEY THEMES IN FY25 WE LAID THE FOUNDATIONS FOR FUTURE GROWTH with good momentum in both payments and banking into FY26 TOP-LINE GROWTH AND MARGIN EXPANSION IN LINE WITH GUIDANCE with greater financial discipline embedded in the business WELL-POSITIONED TO CONTINUE TO DELIVER PROFITABLE
Slide 9: We delivered against our FY25 guidance
WE DELIVERED AGAINST OUR FY25 GUIDANCE GROSS PROFIT1 EBITDA MARGIN1 FY25 GUIDANCE: $218m – $226m FY25 GUIDANCE: c.28% ACTUAL FY25 ACTUAL FY25 $220.1m $28.0% 1 Gross profit and EBITDA margin on normalised basis. 9
Slide 10: We've built a much more profitable and resilient business
WE’VE BUILT A MUCH MORE PROFITABLE AND RESILIENT BUSINESS Gross profit1 EBITDA2 Profit before tax3 14% CAGR 79% CAGR $33.7m 17.7 220.1 61.6 148.5 -16.1 10.7 FY22 FY25 FY22 FY25 FY22 FY25 7.2% margin 28.0% margin 1 Gross profit (normalised), displayed in $ millions. CAGR over 3-year period FY22 to FY
Slide 11: We're seeing positive payments trends into FY26
WE’RE SEEING POSITIVE PAYMENTS TRENDS INTO FY26 Emerging growth in Core TTV1 in recent months TTV growth (vs PCP) Front book volumes2 showed strong growth in FY25 Q1 FY26 to date Ahead of Q4 FY25 +5.3% +19% Tyro +2.1% +1.0% (1.6)% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Jul-25 Aug-25 +29% Tyro Retail & Hosp
Slide 12: We're seeing increasing traction in banking
WE’RE SEEING INCREASING TRACTION IN BANKING Continued improvement in banking attach rate Faster growth in active accounts1 (000’s) 31% +43% 10.9 24% 21% 15% +27% 7.6 11% 6.0 Jun-23 Jun-24 Jun-25 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Higher loan originations2 ($m) 136.7 157.3 +15% +29% (Q4 YoY) (FY25 vs
Slide 13: We shipped new state of the art terminals
WE SHIPPED NEW STATE OF THE ART TERMINALS 13
Slide 14: We directly integrate with 450+ POS providers
WE DIRECTLY INTEGRATE WITH 450+ POS PROVIDERS, ADDING 34 THIS YEAR 14
Slide 15: Leading POS partners now live with embedded payments
WITH 9 LEADING POS PARTNERS NOW LIVE WITH EMBEDDED PAYMENTS ON iOS AND ANDROID 1 Insert footnote 15
Slide 16: We launched Payment Links
WE LAUNCHED PAYMENT LINKS, SO THAT MERCHANTS CAN GET PAID INSTANTLY 16
Slide 17: Enriching our health offering
TYRO HEALTH NEXT-GEN ONLINE TERMINAL ENRICHING OUR HEALTH OFFERING TO TAKE A GREATER SHARE OF HEALTH PAYMENTS THE OMNI-CHANNEL EXPERIENCE HEALTH TTV $7.4BN (+15%) 17
Slide 18: We increased share in large and enterprise merchants
WE INCREASED SHARE IN LARGE AND ENTERPRISE MERCHANTS 18
Slide 19: We expanded our addressable market
WE EXPANDED OUR ADDRESSABLE MARKET AGED CARE PET INSURANCE UNATTENDED AUTOMOTIVE Bringing the best of Tyro Health Making Pet Insurance payments as Integrating our proprietary Simplifying payments in the to the government’s Support at easy as Health payments with payments infrastructure into complex
Slide 20: We launched our new banking platform
WE LAUNCHED OUR NEW BANKING PLATFORM 20
Slide 21: Leveraging AI to drive efficiency, service and innovation
LEVERAGING AI TO DRIVE EFFICIENCY, SERVICE AND INNOVATION PRODUCTIVITY SERVICE PRODUCT INNOVATION 24/7 virtual support on any Faster testing and development Process automation device More scalable tech Data-driven decisioning Predictive service Agentic products with Managing role attrition Faster cu
Slide 22: Financial Performance
FINANCIAL PERFORMANCE Emma Burke CFO
Slide 23: Top-line growth and continued EBITDA margin expansion
TOP-LINE GROWTH AND CONTINUED EBITDA MARGIN EXPANSION Gross profit and EBITDA margin in-line with FY25 guidance GROSS PROFIT GROWTH EBITDA MARGIN EXPANSION CONTINUED STRONG CASH GENERATION Gross Profit1 ($m) EBITDA ($m) and EBITDA margin (%) 2 Free Cash Flow ($m) +4.4% 28.0% 90 30.0% 26.4% 80 25.0%
Slide 24: Payments gross profit resilient despite macro headwinds
PAYMENTS GROSS PROFIT RESILIENT DESPITE MACRO HEADWINDS PAYMENTS MARGIN1 (basis points) PAYMENTS TTV ($bn) Gross margin supported by successful completion of FY25 vs PCP H2 vs PCP recent pricing transformation initiatives 43.0 +0.2% 22.0 21.0 +1.4% 4.2 (11.8%) 2.2 2.0 (12.9%) 46.0 3.4 +2.1% 45.3 44.
Slide 25: Positive payment volume trends into FY26
POSITIVE PAYMENT VOLUME TRENDS INTO FY26 STRONG VOLUME1 GROWTH IN Q4 FY25 AND INTO Q1 FY26 TTV growth (vs PCP) Q4 FY25 +5.3% YoY Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 WITH TTV CHURN SHOWING SIGNS OF INFLECTION 1 Payments TTV for Tyro Core o
Slide 26: Improved banking profitability
IMPROVED BANKING PROFITABILITY ACCOUNT BALANCES1 ($m) LOAN ORIGINATIONS2 ($m) BANKING RETURNS3 Increase in deposits and lower overall Increase in loan originations; shorter average Overall net return on banking improved funding cost duration due to more profitable loans and deposits +5% +15% 20.9% 1
Slide 27: Further improvement in operating efficiency
FURTHER IMPROVEMENT IN OPERATING EFFICIENCY Operating expenses as % of gross profit 1 92% 76% 71% 69% YoY 3-year growth CAGR 220.1 Continued improvement in operating 210.8 +4.4% +14.0% efficiency 193.2 67.5 Disciplined expense management creating 60.7 capacity for investment 45.8 148.5 +1.7% +3.7% A
Slide 28: Continued strong cash generation
CONTINUED STRONG CASH GENERATION REDUCTION IN PBT DRIVEN BY FY24 ONE-OFFS EARNINGS PER SHARE CONTINUED STRONG CASH GENERATION Statutory Net Profit before Tax ($m) Earnings per share – basic (cents) Free Cash Flow ($m) Included $7.7m one- Included $6.9m one- offs in FY24 offs in FY24 30.4 22.4 4.91 1
Slide 29: Significant funds available to be deployed
SIGNIFICANT FUNDS AVAILABLE TO BE DEPLOYED TYRO AVAILABLE OWN FUNDS 1 ($m) POTENTIAL USES OF AVAILABLE OWN FUNDS $m 30 June 2025 Cash and equivalents (excl. Equity investments) 286.0 Net scheme receivable / (merchant payable) (98.9) Additional internal investment (Capex) Net banking position due to
Slide 30: Outlook
OUTLOOK Jon Davey CEO and Managing Director
Slide 31: Well-positioned to deliver strong outcomes for shareholders
WELL-POSITIONED TO DELIVER STRONG OUTCOMES FOR SHAREHOLDERS MEDIUM-TERM FOCUS WE WILL LEVERAGE WITH A TO DELIVER STRONG OUR STRENGTHS REFINED FOCUS SHAREHOLDER OUTCOMES Scalable, proprietary payment Omni-channel, hardware Expanded addressable market tech stack agnostic offering and revenue opportuni
Slide 32: To Summarise
TO SUMMARISE IN FY25 WE LAID THE FOUNDATIONS FOR FUTURE GROWTH with good momentum in both payments and banking into FY26 TOP-LINE GROWTH AND MARGIN EXPANSION IN LINE WITH GUIDANCE with greater financial discipline embedded in the business WELL-POSITIONED TO CONTINUE TO DELIVER PROFITABLE GROWTH with
Slide 33: Q&A
Q&A Jon Davey Emma Burke CEO and Managing Director CFO
Slide 34: Appendix
ture APPENDIX
Slide 35: Solid financial position
SOLID FINANCIAL POSITION REGULATORY CAPITAL ($m) 84% 65% 250 0.9 $m 30 June 2025 30 June 2024 0.7 200 Common Equity Tier 1 (CET1) Capital 154.4 122.7 0.5 Comprising: 0.3 150 0.1 Share capital 280.2 279.5 193.5 186.6 100 -0.1 156.5 Retained earnings (117.5) (134.7) 50 124.9 -0.3 Other reserves 58.2 5
Slide 36: Summary of financial performance
SUMMARY OF FINANCIAL PERFORMANCE FY25 FY24 Change $’000 $’000 % Transaction value 43,012,367 42,932,748 0.2% Revenue (normalised)1 486,130 471,424 3.1% Payments direct expenses (including Bendigo Alliance gross profit share) (264,712) (258,528) 2.4% Interest expense on deposits (1,333) (2,127) (37.3
Slide 37: Reconciliation of statutory to normalised results
RECONCILIATION OF STATUTORY TO NORMALISED RESULTS Normalisation adjustments FY25 Bendigo Alliance gross profit FY25 $’000 unless stated otherwise Investment in associate Statutory share Normalised Total revenue 487,302 (1,172) 486,130 Payments direct expense (255,675) (9,125) (264,712) Interest expe
Slide 38: Financial position
FINANCIAL POSITION $’000 unless stated otherwise 30 June 2025 30 June 2024 Assets Cash and financial investments1 286,045 165,042 Loans to merchants 49,118 39,325 Property, plant and equipment 51,291 51,334 Intangible assets and goodwill 87,981 97,772 Right-of-use assets 21,100 23,630 Other assets 5
Slide 39: Free cash flow
FREE CASH FLOW $’000 unless stated otherwise FY25 FY24 Change Operational cash flows EBITDA 61,582 55,680 5,902 Capital expenditure (32,317) (29,592) (2,725) Rent payments (4,761) (4,434) (327) Bendigo top-up (875) (3,265) 2,390 Working capital and other movements (3,996) 1,313 (5,309) Items in EBIT
Slide 40: Supplementary information: Payments
SUPPLEMENTARY INFORMATION: PAYMENTS Transaction Value (TTV) Merchant Count FY25 FY24 Change Proportion of FY25 FY24 Change Performance by vertical $’million $’million % FY25 TTV # # % Hospitality 17,675 18,049 (2.1%) 41.1% 16,111 16,114 (0.0%) Retail 10,282 10,301 (0.2%) 23.9% 10,479 10,639 (1.5%) H
Slide 41: Thank you
tyro THANK YOU