Earnings release
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Directors: M. Kelly, D. Hollander, T. Rhodes, S. Devine Registered in Ireland No. 639640, as a public limited liability company, VAT No. IE 8205721 A FINEOS Corporation, Holdings Plc. FINEOS House, EastPoint Business Park, Dublin 3 (Registered Office) T +353 1 639 9700 | F +353 1 639 9701 E info@FINEOS.com | W www.FINEOS.com 26 October 2026 Quarterly Activity Report and Business Update FINEOS Corporation Holdings PLC (ASX:FCL), a leading provider of core systems for employee benefits in the global life, accident and health insurance (LA&H) industry, presents its unaudited quarterly activity report and Appendix 4C cash flow statement for the three -month period ending 3 0 September 2026 (3Q26), as attached. Highlights: • Closing cash balance on 30 September 2026 was strong at € 51.7m. This result was €19.0m higher than the prior corresponding period (pcp) reflecting the seasonal nature of subscription revenue and timing of cash collections. • Cash receipts from client s were €46.3m in 3Q26, up 47% against pcp due to timing of cash receipts. Cash collected i ncludes the two large invoices (totalling approximately €8.0m) that were originally expected to be collected in 2Q26 - as relayed in the 1H26 Results. • FY26 revenue guidance remains in the range of €147m to €152m. • Pipeline remains strong, driven by growing demand for FINEOS’ AI-enabled platform and proven market success. AI initiatives across the business are enhancing productivity, execution capacity, and client outcomes. • In September, FINEOS hosted its Customer Connect event in Toronto, bringing together customers, prospects, partners and industry leaders to share best practices, discuss industry trends and showcase the latest innovations across the FINEOS platform, including AI-enabled capabilities. • Investor roadshow planned to take place week commencing 9 th November 202 6 in Sydney, Australia. Financial Performance The cash balance at 30 September 2026 was €51.7 million, up 59% higher than pcp , reflecting the Company’s strong cash generative position and the seasonal nature of subscription revenue and timing of cash collections. 3Q26 client receipts (net of tax) of €46.3 million jumped 47% against pcp primarily due to the timing of cash colle ctions and due to the seasonal nature of subscr iption revenue and the timing of cash collections. Exchange rate movements during the quarter had a positive impact of €0.2 million on the cash balance. The cash balance also included two large invoices (totalling approximately €8.0m) that were originally expected to be collected in 2Q26. Research and development investments capitalised for 3Q26 were €6.5 million. The annual tax credit payment related to the R&D tax credit is due in 4Q26. 3Q26 product manufacturing and operating costs were €8.2 million, a 6% increase against pcp. The increase versus pcp was primarily due to expanded cloud infrastructure costs to service increased client
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms. usage. The decline against the prior quarter of 10% was primarily due to lower employee and contractor- related expenses, offset by higher cloud infrastructure cost. 3Q26 staff costs of €13.4 million were up 5% versus pcp due to lower capitalised salaries and lower cost of sales allocation. 3Q26 administration and corporate costs of €5.4 million, decreased 18% against pcp due to the pre- payment of 6-month contracts for internal usage software licenses and insurance coverages (12-month renewals in 3Q25). While there were no new sales finalised during 3Q26, FINEOS believes the future business pipeline remains strong and that its ability to cross and up-sell its product suite across its existing customer base is robust. Guidance across its key deliverables remains unchanged. Headcount of 1,054 at 30 September 2026 was 5% higher than the pcp. Commenting on the 3 Q26 performance, Chair, CEO and Founder Michael Kelly said : “FINEOS continues to execute on its growth strategy to help our clients move away from legacy core systems to the FINEOS Platform. More than ever, the importance of clean and real -time data, mastered by an Agentic core platform, enables Employee Benefits carriers in the global life, accident and health industry keep pace with industry innovations to deliver superior customer experience and operational excellence. Our results this quarter validate our relentless focus on accelerating time to value for our clients giving them a competitive advantage.” Quarterly Payments In reference to payments to related parties (Section 6 of the attached Appendix 4C report), item 1 is a lease arrangement with a related entity of Michael Kelly. The rental payment for the quarter was €200k. Item 2 is cash paid for Directors and Non-Executive Directors during the quarter that amounted to €354k, which includes salaries and reimbursements for costs incurred. This notice has been authorised for provision to the ASX by the Company’s Board of Directors. Investor enquiries: Howard Marks P: +61 402 438 019 E: howard.marks@automicgroup.com.au
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Name of entity FINEOS Corporation Holdings plc ABN Quarter ended (“current quarter”) 633 278 430 30 September 2026 Consolidated statement of cash flows Current quarter €’000 Year to date (9 months) €’000 1. Cash flows from operating activities 46,330 129,756 1.1 Receipts from clients 1.2 Payments for research and development product manufacturing and operating costs (8,193) (25,575) advertising and marketing (174) (931) leased assets (233) (694) staff costs (13,384) (39,619) administration and corporate costs (5,389) (18,143) 1.3 Dividends received (see note 3) 1.4 Interest received 178 361 1.5 Interest and other costs of finance paid (75) (204) 1.6 Income taxes paid (152) (782) 1.7 Government grants and tax incentives 1.8 Other (provide details if material) 38 533 1.9 Net cash from / (used in) operating activities 18,946 44,702 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities businesses property, plant and equipment (36) (761) investments intellectual property (6,500) (21,593) other non-current assets
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter €’000 Year to date (9 months) €’000 2.2 Proceeds from disposal of: (b) entities businesses property, plant and equipment investments intellectual property other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities (6,536) (22,354) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 0 301 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities 0 301 4. Net increase / (decrease) in cash and cash equivalents for the period 39,041 27,844 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 18,946 44,702 4.3 Net cash from / (used in) investing activities (item 2.6 above) (6,536) (22,354)
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 5 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter €’000 Year to date (9 months) €’000 4.4 Net cash from / (used in) financing activities (item 3.10 above) 0 301 4.5 Effect of movement in exchange rates on cash held 217 1,175 4.6 Cash and cash equivalents at end of period 51,668 51,668 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter €’000 Previous quarter €’000 5.1 Bank balances 51,668 39,041 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 51,668 39,041 6. Payments to related parties of the entity and their associates Current quarter €'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 200 6.2 Aggregate amount of payments to related parties and their associates included in item 2 354 Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. FINEOS Corporation Limited (Ireland) is party to a lease arrangement with Jacquel Properties Limited, a Company controlled by Michael Kelly. The rental expense for the quarter was €200k. Cash paid for Directors and Non -executive Directors in quarter 3 amounted to € 354k which includes salaries, travel and reimbursement of any costs.
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 6 + See chapter 19 of the ASX Listing Rules for defined terms. 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end €’000 Amount drawn at quarter end €’000 7.1 Loan facilities 7.2 Credit standby arrangements 7.3 Other (please specify) 2,000 NIL 7.4 Total financing facilities 2,000 NIL 7.5 Unused financing facilities available at quarter end 2,000 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. This is an unsecured overdraft facility from Bank of Ireland, the interest rate is 5.91% per annum. 8. Estimated cash available for future operating activities €’000 8.1 Net cash from / (used in) operating activities (item 1.9) 18,946 8.2 Cash and cash equivalents at quarter end (item 4.6) 51,668 8.3 Unused finance facilities available at quarter end (item 7.5) 2,000 8.4 Total available funding (item 8.2 + item 8.3) 53,668 8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1) N/A Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5. 8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions: 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: N/A 8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: N/A 8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: N/A Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 7 + See chapter 19 of the ASX Listing Rules for defined terms. Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Date: 26 October 2026................................................................................... Authorised by: The Board of Directors................................................................................... (Name of body or officer authorising release – see note 4) Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively