Slides
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Investor Presentation For the half year ended 30 June 2026 To be read in conjunction with Appendix 4D and Accounts
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The information contained within this document is in summary form and does not purport to be complete. It should be read in conjunction with Reckon Limited’s periodic reporting and other announcements made to the Australian Securities Exchange. Information provided is current at the date of this document or as at the date specified in any slide or page (as applicable). This document may contain forward looking statements (either express or implied), including statements of current intention, opinion and predictions of Reckon’s current and future operations, outlook and opportunities, including financial prospects. These statements reflect expectations at the date of the document but are not certain and are susceptible to change. Reckon Limited, its directors and officers make no representation and give no assurance or guarantee as to the accuracy of such forward looking statements or the likelihood of them occurring. To the extent permitted by law, Reckon Limited disclaims any obligation to update such forward looking statements. This document is not intended to be relied upon as advice to investors or potential investors and does not consider the investment objectives, financial situation or the requirements of any investor. Disclaimer 2 RECKON INVESTOR PRESENTATION HY 2026
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Reckon Limited (ASX: RKN) is a software-as-a-service (SaaS) company providing cloud-based solutions to customers including SMEs and legal firms Strong earnings profile - $32M in revenue generated in HY26 with EBITDA of $14M and NPAT of $5M 2.5 cents annual dividend to be paid August 2026 Net debt of $1.5M ($5.4M at 31 December 2025) Legal Group Billing workflow revenue continues to grow Reckon One billing grows by 23% Investment into AI across both businesses delivering substantial results including approximately 30% efficiency gains in our product development processes, as well as additional innovation and solutions for our clients Investment highlights Overview 3 RECKON INVESTOR PRESENTATION HY 2026
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Greg Wilkinson FOUNDER & NON-EXECUTIVE DIRECTOR Phil Hayman NON-EXECUTIVE DIRECTOR Sam Allert CHIEF EXECUTIVE OFFICER Clive Rabie NON-EXECUTIVE CHAIRMAN Corporate overview Board of directors ASX code: RKN Shares on issue: 113.3M Market capitalisation: $51M Share price – low to high (52 weeks) $0.38 to $0.66 Microequities Asset Management Pty Ltd 16.4% MA Financial Group Ltd 11.2% Greg Wilkinson 6.8% Rabie Family 6.4% Capital Structure Major shareholders 4RECKON INVESTOR PRESENTATION HY 2026 * at 24 July 2026
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Total addressable market 3.3 million small businesses across Australia and New Zealand Total addressable market 700 of the world’s largest Legal firms plus 46,000 mid-size firms in the USA and Canada. Our focus is on two large and distinct markets SMALL BUSINESS Accounting and Payroll solutions for SME’s and their advisors LEGAL Billing and Document Workflow for legal firms Revenue of $48.6M and $25.4M EBITDA in FY25 Revenue of $13.8M and $3.3M EBITDA in FY25 5 RECKON INVESTOR PRESENTATION HY 2026
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REVENUE NPATEBITDA -3% over PcP -1% on constant currency basis* +6% over PcP +4% on constant currency basis* +1% over PcP +2% on constant currency basis* million millionmillion $32 $5$14 Financial Results – Half Year 2026 DEVELOPMENT INVESTMENT DIVIDEND million cents per share fully franked $8 2.5 *Non-IFRS (refer to slide 14 for further details on organic growth) PcP is Prior Corresponding Period. 6 RECKON INVESTOR PRESENTATION HY 2026
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AI & Innovation AI is a core enabler of how we build, serve, and operate — not just a tool Circa 30% effi ciency gains in our product development processes, reinvested into pace of innovation, not headcount reduction DataQ AI launched in FY25 — our fi rst AI-powered, client facing tool, live in the Legal Group Strategic AWS collaboration to accelerate our AI roadmap, usage and processes, building on our existing cloud infrastructure relationship AI-powered onboarding assistant in development, to help new and existing SME customers get up and running faster In-product notifi cation and bank automation enhancements in development, to proactively surface compliance obligations (e.g. Payday Super, STP) and streamline everyday bookkeeping tasks AI Governance frameworks in place to ensure responsible deployment Delivered today Building for H2 2026 7RECKON INVESTOR PRESENTATION HY 2026
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Reckon One revenue growth of 23% Servicing start ups, gig-economy, small and medium sized businesses with accounting, payroll, and business management tools Strong cash generating business with EBITDA Margin of 55% and Adjusted EBITDA Margin (after development costs) of 34% for HY25 Reckon one ARPU improvement of 19% ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Business Group unit summary LTMLTMLTM 35 40 Desktop Cashflow Manager Hosted Reckon One 15 42 21 19 18 June ‘25 SUBSCRIPTIONS Dec ‘25 June ‘26 20 25 30 45 Thousands 1 ARPU - average revenue per subscription RECKON INVESTOR PRESENTATION HY 2026 8
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ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Transition to Reckon One codebase Accelerated focus on the transition to the Reckon One codebase Additional Key Features added - PayDay Super, Inventory Management, Enhanced Reporting, New journal experience, & Employee Onboarding Ongoing product enhancements creating more valuable solutions for SME’s and advisors Journey to Reckon One expands options for the business and provides potential value creation for Reckon1 1 Reckon holds a royalty free licence to use the Intuit source code inherent in Reckon’s, Reckon Accounts and Reckon Accounts Hosted products. The licence has some restrictions and is non transferable in certain circumstances. The Intuit source code is not used in any of Reckon’s Reckon One cloud and mobile-based products. 2 Subscription methodology varies by product: Reckon One: Generally invoiced by entity with seperate subscriptions for Accounting, Payroll + Mobile. Reckon Accounts + Hosted: Generally invoiced by user with one subscription for all functionality, and for certain products one subscription for all users. Cashfl ow Manager: Invoiced by entity with separate subscriptions for Payroll. NO. OF PAID SUBSCRIPTIONS2 NO. OF PAID SUBSCRIPTIONS2 19K 42K 21K 18K ReckonAccounts ReckonAccounts HOSTED 9RECKON INVESTOR PRESENTATION HY 2026
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ACCOUNTING AND PAYROLL SOLUTIONS FOR SME’S A trusted small business platform for accounting, payroll and invoicing 10 The Switch to Reckon One “Great customer support, a smooth migration, and tutorial videos that made the learning curve easier. Has made day-to-day bookkeeping and accounting quicker and easier, with a handy invoicing app to boot. Features and pricing compare well to other accounting packages — everything the business needs, without the additional “extras” and extra cost of the old package” Kathy, Accounts, Construction, 2–10 employees, Australia I Love Reckon One “Very easy to use and understand, affordable, and perfect for small businesses. Previously used Xero and QuickBooks but found I was paying for far more than our small business needed. Reckon is “PERFECT” for our business” Le-Amie, Owner, Warehousing, 2–10 employees, Australia Reckon One Payroll gets my vote “Overall a great experience, easy to navigate, with support that’s knowledgeable and patient” Leeann, Law Practice, 2–10 employees, Australia Reckon One Excellence “No other software I’ve tried compares to it. Support is quick, and problems get resolved just as fast. It was easy to learn, feels secure, and is good value, with strong invoicing and financial reporting through the online and cloud access. Over six months, I haven’t come across any bugs. A genuinely excellent accounting product with very fast support” James, Consultant, Religious Institutions, Self Employed, Australia star star star star star star star star star star star star star star star star star star star star 10 RECKON INVESTOR PRESENTATION HY 2026
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Growth business in large US and global markets Servicing Legal Firms with workfl ows through scanning, printing, billing, collections, cost recovery and analytics solutions Our workfl ow solutions are integrated with the core systems in law fi rms, including fi nancial management and document management We work with 12 of the 20 largest law fi rms worldwide and 40% of the AmLaw 200 largest fi rms in the US Highly regarded management team with a successful track record of developing and distributing legal practice management software in US market Stengthened sales teams in both USA and UK/EMEA Ongoing investment in cloud based Billing Workfl ows, including integrations with fi nancial management systems Elite 3E, Aderant and others DataQ AI launched in FY25 providing fi rst AI client facing tool Subscription revenue growth $9.2M $10.8M $11.4M $13.2M $6.2M HALF YEAR $5.9M $8.3M 2021 2022 2023 2024 2025 HY 2026HY 2025 at constant currency BILLING AND DOCUMENT WORKFLOWS FOR LEGAL FIRMS 11RECKON INVESTOR PRESENTATION HY 2026
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ScanQ – streamlined scanning MailQ – digital mailroom RecordsQ – backscanning PrintQ – print management CostQ – cost tracking Document Workfl ows Billing Workfl ows BillingQ – invoices-to-cash PayQ – online payments DataQ AI – billing and collections AI business intelligence ARR1 growth for Billing Workfl ows continues Current billing workfl ows SAM (Serviceable Addressable Market) is 175k attorneys (Previously 77k) Total attorneys in USA and Canada is 1.4 million Billing workfl ows No. of attorneys • Document Workfl ows • Billing Workfl ows • Total 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2021 2022 2023 2024 2.2k 1.6k 5.0k 6.4k 2.6k 3.0k 2025 HY 2026 Sold Installed Note 1: ARR excludes installation revenue $11.0M $1.4M $12.4M -3% +5% -2% Constant currency BILLING AND DOCUMENT WORKFLOWS FOR LEGAL FIRMS 12RECKON INVESTOR PRESENTATION HY 2026
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Automating the manual exceptions that slow billing and collections for Legal Firms BILLING AND DOCUMENT WORKFLOWS FOR LEGAL FIRMS Helping fi rms take invoices to cash: • Faster invoice delivery • Accelerated cashfl ow and improved realisation • Better client experience and automatic reconciliation • Data-driven decision making leveraging AI • Online payments specifi cally designed for law fi rms Leah H. Paul MBA, Comptroller, Taylor Day “Zebraworks is a 100% upgrade to our existing fi nancial management system.“ Michelle Krifka Firm Administrator, Carlson Dash “The value we get for the price is insane, BillQ has transformed our billing process and made our jobs so much easier. I cannot believe the diff erence it has made“ BillQ Client Upgrades with DataQ AI An 80-attorney Canadian fi rm upgraded to DataQ, and is now able to do analysis instantly that previously took the Director of Finance multiple days every month to compile. Longstanding Legal Client Automates Billing & Payments A 150-attorney fi rm implemented Zebraworks BillQ, PayQ and DataQ, and now 18 months later has reduced their total lockup by 38% and increased collected realisation by 2.8% 13RECKON INVESTOR PRESENTATION HY 2026
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Financial Highlights 14 RECKON INVESTOR PRESENTATION HY 2026
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13.3 13.9 (2.5) (1.6) (7.7) (7.7) (1.2) (7.4) - - 31.9 33.0 -3% Organic 31.9 32.2 -1% Organic 14.2 13.5 +6% Organic 4.5 3.8 +18% Currency impact* 0.8 Currency impact* 0.1 Stimulus receipt* 0.5 Currency impact* (0.1) Stimulus receipt* 0.5 4.5 4.2 +6% 14.2 14.1 +1% HY26 HY25 GROWTH $ M $ M % HY26 HY25 $ M $ M Revenue EBITDA NPAT Operating Cashflow (before development) Development Spend Acquisition Dividend Paid Group financial performance and cash flow Cashflow manager Includes tax payments Fully franked dividend of 2.5 cents per share to be paid August 2026 *Non-IFRS 15 RECKON INVESTOR PRESENTATION HY 2026
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Revenue • Reckon One growth continues • Subscription revenue is 93% of revenue • EBITDA margin 55% • Adjusted EBITDA margin 34% (after development costs) ACCOUNTING AND PAYROLL SOLUTIONS FOR SMES Business Group Financials A subscription business with consistently strong online growth Financial performance Revenue EBITDA Capitalised development costs 5.0 14.0 5.3 14.0 25.4 26.1 -3% - TOTAL HY26 14.4 5.4 $ M 14.1 4.4 $ M 2% 23% HY25 GROWTH CLOUD SUBSCRIPTION RECKON ONE 24.2 24.5TOTAL SUBSCRIPTION OTHER* DEFERRED REVENUE* 1.9 (0.7) 1.7 (0.1) -6% -1% -7% 9.8 9.0 10.4 9.7 DESKTOP SUBSCRIPTION* HOSTED *Includes Cashflow Manager of $3.0M (PcP $3.1M) 16 RECKON INVESTOR PRESENTATION HY 2026
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Growing subscription revenue and a top tier customer base Legal Group Financials Revenue • Billing workfl ow revenue continues to grow • Subscription revenue is 94% of revenue Constant currency: EBITDA • Investment in sales and development teams for future growth continues Financial highlights HY26 5.6 0.6 - - - 6.6 1.5 1.5 $ M 0.4 6.2 5.6 0.3 0.6 0.1 0.5 6.9 1.4 0.7 $ M +97% +4% +10% 0.3 5.9 -1% -4% HY25 CONSTANT CURRENCY GROWTH DOCUMENT WORKFLOWS SUBSCRIPTION BILLING WORKFLOWS SUBSCRIPTION CURRENCY IMPACT REPORTED CONSTANT CURRENCY CURRENCY IMPACT STIMULUS RECEIPT REPORTED TOTAL SUBSCRIPTION UPFRONT AND SERVICE TOTAL CONSTANT CURRENCY Revenue EBITDA 6.6 6.2 +5% +111% 2.72.4 Capitalised development costs 17RECKON INVESTOR PRESENTATION HY 2026
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Summary A software as a service (Saas) company with two clearly defined businesses and opportunities Executing on plan to create valuation improvement and shareholder return Strong consistent financial results - $32M in Revenue, $14M in EBITDA, and NPAT of $5M for half year 2026 A clean Balance Sheet with $1.5M in net debt at 30 June 2026 and with a $25M bank facility Consistent dividend paying company - 2.5 cents annual dividend (paid in Aug 2026) Legal Group Billing workflow business continues to grow Reckon One billing grows by 23% Continued investment into scaling our cloud products Investment into AI across both businesses delivering substantial results including approximately 30% efficiency gains in our product development processes, as well as additional innovation and solutions for our clients 18 RECKON INVESTOR PRESENTATION HY 2026
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Questions 19 RECKON INVESTOR PRESENTATION HY 2026
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Website reckon.com About us reckon.com/au/about-us Investors reckon.com/au/investors Media reckon.com/au/media Resources 20 RECKON INVESTOR PRESENTATION HY 2026