Slides
Page 1
Investor presentation Results for year ended 30 June 2026 27 August 2026 Mick O’Brien, Managing Director Johanna Platt, Chief Financial Officer EQT HOLDINGS LIMITED (ASX: EQT)
Page 2
Agenda 2 1 Business Performance Update Mick O’Brien – Managing Director 2 Financial Review Johanna Platt – Chief Financial Officer 3 Strategy & Outlook Mick O’Brien – Managing Director 4 Questions
Page 3
Business Performance Update Mick O’Brien, Managing Director
Page 4
Margin growth from realisation of Trustee and Wealth Services (TWS) productivity improvements post- implementation of NavOne trustee platform Core business continues to deliver with revenue up 9.4%, NPAT up 32.7% and margin expansion 580bps as Equity Trustees transitions to a simplified, higher return business 4 FY26 drivers and key activity Super Trustee Services (STS) strategic review refocusing on our core CTS and TWS businesses following the strategic repositioning announced in June 2026 New business activity ongoing continued new business momentum in Corporate Trustee Services (CTS) and Health and Personal Injury business 01 02 03 04 Intensifying regulatory oversight & engagement is driving increased resourcing and exposure to regulator action05 Shield & First Guardian legal proceedings being managed closely06 Equity Trustees delivers 33% growth in continuing operations profit and emerges as a higher- quality, focused trustee services business Decision to exit superannuation trusteeship business splits Equity Trustees into continuing (Trustee and Wealth Services and Corporate Trustee Services) and discontinued operations (Superannuation trusteeship activities) for reporting purposes
Page 5
Key FY26 Financial Metrics 5 Continuing operations delivered accelerated growth and the Group results are impacted by the proposed exit from superannuation trusteeship $191.9b FUMAS up 15.1% TWS: down 1.2% CTS: up 17.2% $167m Revenue up 9.4% TWS: 7.7% CTS: 13.8% $33.9m NPAT up 32.7% TWS NPBT: up 24.8% CTS NPBT: up 15.3% 98.64 EPS down 20.6% 3-year CAGR: 10.1% (continuing operations 126.65, up 32.5%) $26.4m NPAT down 20.5% Includes $13.1m impairment 76 cps Full Year Dividend down 35 cps Payout ratio: 77.1% Interim : 56 cps Final : 20 cps Continuing operations Group1 1 Group includes continuing and discontinued operations
Page 6
Trustee Services (Personal, Charitable, Health & Personal Injury, Community) FUMAS: $16.7b Revenue: $110.0m 6 About Equity Trustees Corporate Shared Services Trustee and Wealth Services (TWS) Corporate Trustee Services (CTS) FUMAS at 30 June 2026 Revenue for FY26 Continuing Operations includes a small portion currently attributed to STS including FUMAS of $1.0b and Revenue of $3.7m (not shown above) Estate Planning Estate Management Philanthropy Wealth Management/Advice Asset Management Corporate Trustee Services Custody & Real Assets Debt & Securitisation Services FUMAS: $174.2b Revenue: $53.2m STS: Superannuation Trusteeship FUMAS: $101.6b Revenue: $38.7m TWS and CTS form a focused, simplified continuing EQT business Continuing Operations Discontinued Operations
Page 7
113.5 140.1 152.3 167.0 25.3 30.4 30.1 38.7 138.8 170.5 182.4 205.6 30.6% 27.5% 30.6% 33.0% - 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 50 70 90 110 130 150 170 190 210 FY23 FY24 FY25 FY26 Continuing Revenue Discontinued Revenue EBITDA Margin • Consistent revenue growth across the continuing operations of TWS and CTS highlighting the resilience and diversity across the business and client base • 3% impact on FY26 EBITDA margin due to additional consulting and legal fees from Shield / First Guardian action and regulator activity, primarily on STS • EBITDA margins negatively impacted between FY23 to FY25 due to non-operating expenses relating to AET integration 7 Group revenue and EBITDA margin Topline momentum and margin expansion whilst absorbing expense impacts on STS performance Discontinued revenue includes CTS-EU and discontinued STS EBITDA Margin is calculated as Group EBITDA divided by Group Revenue (Group includes discontinued and continued operations) EBITDA excludes all interest (including ORFR interest), tax, depreciation and amortisation Totals may be subject to rounding $m
Page 8
TWS remains a leader in an attractive, structurally growing market, benefiting from increasing trust complexity, strong recurring revenues and increasing demographic tailwinds • Revenue increased 7.7% over pcp • Revenue included one-off benefits in Estate Management ($1.3m) and Health and Personal Injury ($0.6m) • Health and Personal Injury revenue increased $2.3m or 12% vs pcp • Estate Management revenue increased $2.1m or 25.1% vs pcp, from accelerated probate timing (one- off benefit) and higher active estates with elevated average balances • FUMAS reduced marginally in FY26 due to the loss of a community trust late in the year that will impact FY27 Trustee and Wealth Services 8 Estate Management activity providing revenue upside $m $b Revenue 3 Year CAGR 9.7% FUMAS 3 Year CAGR 1.9% 76.1 81.8 85.8 23.0 20.3 24.2 76.0 99.1 102.2 110.0 20 40 60 80 100 120 FY23 FY24 FY25 FY26 Market related Non-market related 15.8 16.0 16.0 0.1 0.9 0.7 15.5 15.9 16.9 16.7 - 4.0 8.0 12.0 16.0 20.0 FY23¹ FY24¹ FY25 FY26 Market related Non-market related
Page 9
Greater regulatory complexity and general growth in investments is driving demand for independent responsible entity services. CTS, as market leader, is well placed to capitalise on this demand. • Revenue increased 13.8% versus pcp, with 2H26 revenue up 11.5% on 1H26 • $7.4m of revenue growth due to 104 new client appointments (including 9 listed schemes) in FY26 ($4.4m) and the balance from the annualised benefit of FY25 appointments • Existing client growth contributed $1.2m incremental revenue and $7.8bn FUMAS over pcp. Client losses were $1.9m in revenue • The mix of clients continues to evolve and the business plans to undertake a strategic pricing review to optimise ROI on regulatory capital Corporate Trustee Services 9 New funds & FUMAS driving revenue growth Revenue 3 Year CAGR 9.7%$m 28.3 32.2 35.3 12.5 14.6 17.9 36.7 40.8 46.8 53.2 25 35 45 55 FY23 FY24 FY25 FY26 Market related Non-market related 88.7 104.4 117.5 26.7 44.2 56.8 93.1 115.4 148.6 174.2 60.0 100.0 140.0 180.0 FY23 FY24 FY25 FY26 Market related Non-market related FUMAS1 3 Year CAGR 17.2% ¹ FUMAS excludes CTS-EU for all periods $b
Page 10
10 Positive progress made across organisational objectives, however regulatory uncertainty impacting shareholder returns Improving client satisfaction *NPS +43 ↑ 34 vs FY25 *NLS +67 ↑ 40 vs FY25 *SAT 85% ↑ 12% vs FY25 Lifting employee engagement Engagement 72 steady vs FY25 Enablement 74 ↑ 5 vs FY25 Growing shareholder value Dividends 76c ↓ 35c vs FY25 FY26 TSR1 (49.8)% EPS2 98.64 ↓ 25.62 vs FY25 Deepening community impact Charitable Giving $210.6m ↑ 23.6% vs FY25 T1 T2 T3 T4 Our clients are surveyed every year and action taken to improve their experience Our goal is to ensure the long- term health of the Group and returns for shareholders We are proud of the trust placed in us to deepen our impact on the community * Results on a like-for-like basis 1 Total Shareholder Return includes final dividend 2 Statutory Earnings Per Share Our FY26 Strategic Targets Our goal is to have highly engaged and enabled employees to support our clients
Page 11
11 Superannuation Trustee Services exit The Board of EQT Holdings Limited (EQTH) completed a strategic review of the STS business during 2H26 resulting in the decision to exit the STS business. This impacts the two RSEL subsidiary entities, HUB24 Superannuation Nominees (HTFSN) and Equity Trustees Superannuation Limited (ETSL). Progress update on the exit: • On 21 April 2026 HUB24 exercised its call option to acquire the HTFSN entity. Completion of the transaction is subject to APRA approval and is expected to occur by the end of 2026 • Directors of ETSL are assessing options for the transition of funds under its trusteeship • The exit process will require EQTH to repay loans of $35.8m taken out to support the trustee capital required for ETSL • We will update the market on the exit process which includes the possible sale of the business in coming months • We anticipate a substantial portion of the proceeds of a sale would be used towards funding the repayment of the ORFR loans Simplifies Group activities and enhances strategic focus
Page 12
12 Superannuation Trustee Services updates We have actively engaged in regulatory and policy consultation processes which have direct potential to impact the independent trustee model and broader consumer interests, including: Submissions to Treasury: • Enhancing oversight and governance of managed investment schemes • Curbing lead generation activity • Enhancing member protections in the superannuation system Submission to ASIC: • CP388: Net Tangible Assets requirements for responsible entities Regulatory • The legal proceedings relating to these schemes remain in progress, and ETSL remains committed to defending its position • ASIC is seeking civil penalties, compensation and remediation orders and costs in the Federal Court. Defence has been lodged with the Federal Court for both matters • Estimated net investment loss for ETSL members is $74m for Shield, $70m for First Guardian1 • We have notified our Professional Indemnity insurance providers. The claim in respect of Shield has been accepted and First Guardian is under consideration2 Shield / First Guardian Continue to positively contribute to regulatory reviews; effort ongoing for Shield / First Guardian Assistant Treasurer and Minister for Financial Services made an address to the National Press Club on 19th August. Key aspects were: • Lead generation – prohibition on unlicensed real-time communication about super • Financial Advice – trustees to set advice fee caps and balance thresholds • Super Trustee – require remediation processes for losses arising from option failures and access to capital for high risk options • Managed Investment Schemes – Enhanced risk-based supervision through improved data collection and compliance audits Equity Trustees welcomes initiatives that strengthen the superannuation and investment systems and protect consumers. We also support further change to the implementation of stronger independence between Responsible Entities and Investment Managers, given this was a key failure for both Shield and First Guardian. National Press Club address 1 Source: Liquidator reports 2 Levels of coverage will not be disclosed to the market
Page 13
13 FY26 final dividend determination Outcome • FY26 final dividend of 20cps, fully franked • FY26 full year dividend of 76cps, representing a 77.1% payout ratio of FY26 Group NPAT • Payout ratio is calculated on statutory Group NPAT and includes the impact of the $13.1m non-cash impairment recognised in FY26 • Dividend payout ratio is within the Board’s target range of 70% - 90% of Group NPAT Rationale • 30 June 2026 balance sheet remains stable with capital and solvency metrics supporting current operations • While continuing operations NPAT increased 33%, the Board has elected to retain a portion of profits to preserve capital flexibility through the STS exit and ongoing regulatory matters during this transitional period • Dividend decision balances shareholder returns with the capital requirements associated with the STS exit and ongoing regulat ory matters Prudent capital management preserves balance sheet position through a period of transition
Page 14
Financial Review Johanna Platt, Chief Financial Officer
Page 15
15 Group FY26 Segment Financial Performance FY26 $m TWS CTS STS Group total Discontinued operations Continuing operations Revenue 110.0 53.2 42.4 205.6 38.7 167.0 Operating Expenses (73.3) (31.2) (55.0) (159.6) (42.6) (117.0) NPBT 36.7 22.0 (12.7) 46.0 (3.9) 49.9 NPBT Margin % 33.3% 41.4% (30.0%) 22.4% (10.1%) 29.9% NPAT 26.4 (7.5) 33.9 FUMAS ($b) 16.7 174.2 102.6 293.5 101.6 191.9 Headcount 487 43 444 • FY26 segment results are presented for continued and discontinued operations • STS segment represents the combined results for ETSL and HTFS Nominees (HUB24). NPBT includes $3.9m of legal and advisory costs relating to Shield and First Guardian, $2.3m of costs relating to regulatory notices and $13.1m impairment of goodwill • STS discontinued operations is HUB24 and ETSL trustee appointments • STS continuing operations revenue of $3.7m represents a share of interest income from corporate cash held and retained investment mandate appointments • STS continuing operations allocation of Group corporate overhead expenses is $12.4m and these shared costs will be retained in the medium term. These will be allocated to TWS and CTS upon the cessation of the STS segment Resilient NPBT margin for continued operations Totals may be subject to rounding
Page 16
Revenue growth of 9.4% over pcp: • TWS up $7.8m – new business and market performance in Health and Personal Injury and increased activity in Estate Management • CTS up $6.5m – new business $7.4m, net flows & investment markets $1.2m, offset by closed / lost clients ($1.9m) Total Expense growth of 1.0% over pcp: • $4.9m decrease in non-operating: completion of AET integration and technology projects during FY25 • $2.1m reduction in employment costs: reflecting lower incentive costs and AET reductions of 45 FTE in FY25, partly offset by CTS growth and salary increases • $6.5m increase in consulting and legal: Shield & First Guardian matters ($3.9m) and investment in governance and other regulator activity ($2.6m) • $1.5m increase in recurring technology expenses: higher run-rate costs for upgraded technology services and licensing fees for headcount growth Discontinued loss of $7.5m includes a $13.1m impairment of the STS business 16 Group Financial Performance FY26 v FY25 FY26 $m FY251 $m FY26 v FY25 % Revenue 167.0 152.7 9.4% Operating Expenses (117.0) (111.0) 5.5% Non-Operating Expenses 0.0 (4.9) (100.0%) Total Expenses (117.0) (115.9) 1.0% NPBT 49.9 36.8 35.8% NPBT Margin (%) 29.9% 24.1% 580bps Tax (16.0) (11.2) 42.8% NPAT from Discontinued Operations net of NCI (7.5) 7.4 n.m. NPAT 26.4 33.2 (20.5%) FUMAS ($b) 191.9 165.5 15.1% ¹ Prior period restated to reflect continuing operations n.m. percentage change is not meaningful due to the movement from positive to negative Totals may be subject to rounding Continuing operations NPBT result highlights core business strength
Page 17
17 Group Financial Performance 2H26 v 1H26 2H26 $m 1H26 $m 2H26 v 1H26 % Revenue 84.1 82.9 1.4% Expenses (59.0) (58.0) 1.8% NPBT 25.0 24.9 0.6% NPBT Margin (%) 29.8% 30.0% (26bps) Tax (8.1) (8.0) 1.4% NPAT from Discontinued Operations net of NCI (11.2) 3.7 n.m. NPAT 5.8 20.6 (71.8%) FUMAS ($b) 191.9 188.1 2.0% Half on half revenue growth of 1.4%: • 11.2% CTS – continued growth from higher FUMAS from new business, net flows and markets • -3.2% TWS – impacted by elevated revenue in 1H26 from one-off benefits in Estate Management and Health and Personal Injury Half on half expense growth of 1.8%: • $2.8m increase in consulting & legal expenses: increase resulting from Shield & First Guardian matters in STS and increased regulator activity in CTS • $5.3m decrease in people expenses: increased headcount offset by lower incentive costs • $2.6m increase in rectification costs for prior period client activities: Full year cost incurred in 2H26 NPBT margin held relatively steady with a decrease of 26bps NPAT decreased by 71.8% impacted by the $13.1m impairment of the STS business n.m. percentage change is not meaningful due to the movement from positive to negative Totals may be subject to rounding Increasing consulting & legal costs impacted HoH results
Page 18
115.9 117.0 (4.9) 3.9 2.3 1.1 1.5 (1.9) (1.0) 110 112 114 116 118 120 122 FY25 Non-Operating Expenses Shield & First Guardian CTS - Consulting Expenses CTS - People Cost TWS - Client Recompense TWS - People Cost Other FY26 18 Continuing Operations Expenses FY25 v FY26 • One-off items include FY25 Non-Operating Expense savings of $4.9m and Shield / First Guardian-related costs of $3.9m • CTS consulting expenses increased by $2.3m, reflecting heightened regulatory oversight and compliance requirements • CTS people costs increased by $1.1m, driven by annual salary increases and strategic headcount growth, partly offset by lower incentive expenses • TWS results were adversely impacted by $1.5m higher rectification costs for prior period client activity. A related contingent asset will partially offset this impact in FY27 • TWS people expenses reduced by $1.9m, driven by the completion of AET integration activities during FY25 and lower incentive expenses Litigation and regulatory costs accounted for ~80% of the increase in expenses $m
Page 19
Total employees increased by 27 to 487 at 30 June 2026. • CTS: increased by 21 employees to support business growth and increased focus on governance • STS: 41 roles impacted in discontinued operations • TWS: headcount remained stable2 • Corporate Functions: increase in the Risk Team, reflecting a planned capability uplift and the filling of previously vacant roles. 19 Investing for future growth ¹ Includes fixed-term employees & contractors and excludes external consultants 2 Prior periods adjusted for employee transfers between Corporate Functions and TWS Strengthening capability for sustainable growth 218 83 42 117 219 86 41 120 218 104 41 124 - 50 100 150 200 250 TWS CTS STS Corporate Functions Group Headcount Jun-25¹ Dec-25¹ 'Jun-26¹
Page 20
20 TWS Performance FY26 v FY25 FY26 $m FY25 $m FY26 v FY25 Revenue 110.0 102.2 7.7% Operating Expenses (73.3) (72.8) 0.8% NPBT 36.7 29.4 24.8% NPBT Margin (%) 33.3% 28.8% 457bps FUMAS ($b) 16.7 16.9 (1.2%) • Strong result with profit margins increasing by 457bps due to combined benefit of topline growth and cost management vs pcp • Health and Personal Injury business unit continues to win a high proportion of new business opportunities driving 12% revenue growth in FY26 of $2.3m • Estate Management efficiencies have assisted in accelerating the estate process for clients (one-off benefit) and the business has managed a higher number of active estates at higher average balances leading to 25% revenue growth of $2.1m in FY26. Revenue was higher from non-recurring benefits in Estate Management from improved processes and other adjustments by $2.5m compared to the future run rate • Other revenue increase by $3.4m driven by revenue growth in Charitable, Personal and Community Trusts and Philanthropy • People costs reduction in FY26 following completion of the AET integration during FY25 and reduced incentives • Increase in rectification costs for prior period client activity of $1.5m from a one-off client matter. A related contingent asset will result in some offset in FY27 FY25 Other revenue Other & corporate overhead FY26People costs Health and Personal Injury revenue Net Profit Before Tax$m Client Recompense Estate management revenue 29.4 2.3 2.1 3.4 1.9 (1.5) (1.1) 36.7 26 30 34 38 42 Totals may be subject to rounding NPBT margin improvement post implementation of NavOne platform
Page 21
21 CTS Performance FY26 v FY25 FY26 $m FY25 $m FY26 v FY25 Revenue 53.2 46.8 13.8% Operating Expenses (31.2) (27.7) 12.8% NPBT 22.0 19.1 15.3% NPBT Margin (%) 41.4% 40.9% 54bps FUMAS ($b) 174.2 148.6 17.2% • Strong topline growth through combined impact of new business and growth from existing clients, positive investment markets • NPBT margin improvement of 54 bps from strong topline growth exceeding higher people and consulting costs in FY26 • Revenue up $6.5m: $7.4m new business and $1.1m net flows/markets, partly offset by $1.9m lost from terminating clients • People costs up $1.1m due to additional staff for growth, compliance and regulatory oversight and remuneration review, partially offset by reduced incentive costs • Consulting cost increased $2.3m to support the program design of multiyear operating model transformation and support on regulator activity. Other cost increases were largely offset by smaller cost savings across other consultant activity and general expenses $m Net Profit Before Tax 19.1 5.0 1.5 (1.1) 22.0 (2.4) 10 14 18 22 26 30 Consulting and other costs People costs Custody and other revenue growth Fund Services revenue growth FY25 FY26 Totals may be subject to rounding Topline growth continues from ongoing new business activity
Page 22
22 • $146.5m Group cash at 30 June 25 • $54.9 after tax operating cash flow, an increase of $14.6m over FY25 driven by increased receipts / revenue growth • $6.3m investing cash flow, interest received exceeding capex cash payments • $29.8m financing cash flow to support additional ORFR capital offset by interest and s paid • $77.5m ORFR capital held on balance sheet of HUB24 RSEL entity (HTFS Nominees) excluded as classified as assets held for sale FY26 cash flow Increase Decrease $m 146.5 159.9 54.9 6.3 29.8 (77.5) - 50 100 150 200 250 Group cash 30 June 25 Operating CF Investing CF Financing CF Hub24 ORFR Group cash 30 June 26 Regulatory holding requirements: • $92.6m: AFSL regulatory capital1 • $39.7m: ETSL capital • $27.6m: Available cash Available liquidity: • $10m: Non-cash liquid investments • $18m: Debt facility headroom Note: Totals may be subject to rounding 1AFSL regulatory capital of $92.6m applies from 1 July 2026
Page 23
23 FY27 priorities to build capital flexibility Manage capital impacts of STS exit • Upon retirement as superannuation trustee of individual funds, EQTH repays ORFR loans – total value across relevant clients of $35.8m • Discussions with prospective third parties on the sale of a superannuation trustee service business are ongoing and EQTH currently expects a transaction to be agreed in the coming months • Post exit of all superannuation trustee appointments, consider Group liquidity management options, having regard to capital requirements and regulatory considerations • Exit from the superannuation trustee business line is expected to be completed by end of FY27 Regulatory Capital • Support CTS growth in regulatory capital • Undertake strategic pricing review to optimise ROI on regulatory capital Broader considerations • Explore options for capital flexibility and capacity including refinancing opportunities • Continue to assess opportunities to enhance capacity following completion of the STS exit
Page 24
Strategy & Outlook Mick O’Brien, Managing Director
Page 25
Strong market demand & structural tailwinds • Independent trustee model backed by regulatory framework • Intergenerational wealth transfer estimated between $3.5 trillion and $5.3 trillion over 20 years • Superannuation growth driving investment vehicle demand Market leadership • Market leadership in key growth segments • Favourable conditions support Equity Trustee’s position in the market Organisational quality • Experienced leadership team with a refined focus on the core growth businesses • Highly engaged and enabled employees High quality recurring revenue • Broad based, highly recurring, long-term revenue • Diversified revenue streams across service and customer segments Increased opportunity for digitised offerings • Developing digital client solutions • Nascent distribution channels Investment in strategic capability • Ongoing strategic investment across technology, people and process to develop operational leverage Strong market position and value drivers 25 Post-STS, Equity Trustees is a focused, high margin business, with strong recurring revenue and structural tailwinds
Page 26
26 FY27 strategic priorities Leverage market leadership in CTS and TWS to continue business momentum1 Invest to drive growth and operational leverage in our high margin core businesses Develop digital capabilities in Estate Planning and Management Deploy further advances in technology to improve service offering, build efficiency and manage risk2 Continue management of Shield and First Guardian proceedings Maintain balance sheet flexibility 6 5 Finalise and complete STS exit plan4 6 3
Page 27
27 Business Outlook Our expectations are subject to • Normal investment market conditions • No material adverse change in market sentiment • Successfully managing further change in the regulatory environment In FY27 we expect • Continued momentum from our continuing core businesses TWS and CTS • Complete exit of STS by end of FY27 • Investment of approximately $5m in business transformation across CTS operational capability and digitised risk monitoring, digital customer experience offerings and increased risk and governance resources • Continue to incur expenses relating to ETSL litigation The core EQT business is growing strongly. The STS exit simplifies the group and positions EQT for higher-quality earnings and long-term value creation
Page 28
Questions
Page 29
29 Glossary of Terms Term Definition AET Australian Executor Trustees (business acquired by EQT in November 2023) CAGR Compound annual growth rate CTS Corporate Trustee Services CTS-EU Former Corporate Trustee Services business segment (UK and Ireland) Discontinued Operations Operating results of Discontinued STS and CTS-EU and associated costs to dispose of the segments EBITDA Earnings before Interest, Tax, Depreciation and Amortisation EPS Earnings per share ETSL Equity Trustees Superannuation Limited FUMAS Funds Under Management and Supervision M&A Mergers and Acquisitions MIS Managed Investment Schem NCI Non-Controlling Interests NLS Net Loyalty Score Non-Operating Expenses Items not a part of normal operations of the business, includes the impact of the integration of AET and the three-year technology modernisation program NPAT Net Profit After Tax NPBT Net Profit Before Tax NPS Net Promoter Score Payout Ratio Declared / earnings per share SAT Client Satisfaction Score Statutory EPS Basic EPS from Continuing & Discontinued operations STS Superannuation Trustee Services TWS Trustee Wealth Services TSR Total shareholder return
Page 30
30 EQT Holdings Limited ABN 22 607 797 615 Level 22, 530 Collins Street Melbourne VIC 3000 1300 133 472 www.eqt.com.au DISCLAIMER Forward Looking Statements This Presentation contains forward-looking statements. Forward-looking statements include all statements other than statements of historical or present fact, and include statements regarding projected financial performance, expected business results, and future growth prospects of EQT Holdings Limited – EQT (the “Company”). These statements are based on the Company’s current expectations, estimates, assumptions and other information available as at the date of this Presentation, and are subject to various risks, uncertainties, and factors beyond the Company’s control. These statements do not represent guarantees or predictions of future financial or operational performance. Actual results may differ materially from those expressed or implied in this guidance due to a range of risks, uncertainties and other factors, including but not limited to changes in market conditions, economic factors, regulatory developments, competitive pressures, operational risks, and other factors described in the Company’s periodic filings with the Australian Securities Exchange (ASX). While the Company has taken reasonable care in preparing this guidance, it does not undertake any obligation to update or revise forward-looking statements to reflect new information, future events, or changes in circumstances, except as required by law. Investors are cautioned not to place undue reliance on this guidance when making investment decisions. Financial Data All financial amounts contained in this Presentation are expressed in Australian dollars. Certain financial information included in this Presentation is “non-IFRS financial information” under Regulatory Guide 230 “Disclosing non-IFRS financial information” published by ASCI. EQT believes this non-IFRS financial information provides useful information to users in measuring the financial performance and condition of EQT. The non-IFRS financial information does not have standardised meanings prescribed by Australian Accounting Standards and, therefore, may not be comparable to similarly titled measures presented by other entities, nor should it be construed as an alternative to other financial information determined in accordance with Australian Accounting Standards. You are cautioned, therefore, not to place undue reliance on any non-IFRS financial information or ratio included in this Presentation. Past Performance Past performance and historical information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Information Reliance The information is supplied in summary form and is therefore not necessarily complete. The material contained in this Presentation may include information derived from publicly available sources that have not been independently verified. This Presentation should be read in conjunction with EQT’s other periodic and continuous disclosure announcements lodged with the ASX which are available at www.asx.com.au or the Company’s website (eqt.com.au).