Slides
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25 August 2026 FY26 Results Steadfast Group Investor Presentation
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09 Steadfast Technologies 18 Steadfast Australasian broking FY26 Highlights03 FY26 Results Investor Presentation 2 12 Steadfast Underwriting Agencies 15 Steadfast International businesses 22 FY26 Financial Summary Contents 32 Appendices 28 Outlook
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FY26 Highlights 3
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Steadfast Group 1 Excludes UnisonSteadfast, ISU Steadfast and HWS Specialty 2 FY25 has been been restated to exclude Envest GWP from 1 July 24 3 GWP figures are based on the best available information at the time of reporting and have been aggregated from a range of sou rces 4 FY25 has been restated with Sterling and Blend GWP excluded 5 FY24 and FY25 EBITA and NPATA have been restated to reflect changes as a result of the updated segment disclosure as disclosed to the market on 11 February, 2026 Underlying NPAT ($m) Steadfast Australasian Networks GWP ($b) 1,2,3 Underlying diluted EPS (NPAT) (cents per share) Steadfast Underwriting Agencies GWP ($b) 4 Underlying EBITA ($m) 5 0 100 200 300 400 500 600 700 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 0 50 100 150 200 250 300 350 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 0 5 10 15 20 25 30 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Underlying NPATA ($m) 5 0 50 100 150 200 250 300 350 400 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 0 2 4 6 8 10 12 14 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 0.0 0.5 1.0 1.5 2.0 2.5 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Continued strong track record since listing on ASX 4
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5 Steadfast Group Proven, resilient and adaptable business model Statutory NPAT of $269.1m (FY25 $334.9m) (refer slide 60) Underlying NPATA 1,2 of $366.3m up 7.1% (FY25 $341.8m) Underlying diluted EPS (NPAT) 1,2 of 28.8 cps up 7.7% (FY25 26.7 cps) Underlying NPAT1,2 of $319.5m up 8.2% (FY25 $295.5m) Underlying diluted EPS (NPATA) 1,2 to 33.0 cps up 6.7% (FY25 30.9 cps) 1 For reconciliation of underlying to statutory earnings, refer to slides 60 and 62 2 FY25 EBITA and NPATA have been restated to reflect changes as a result of the updated segment disclosure as disclosed to the market on 11 February, 2026 Underlying EBITA1,2 of $669.8m up 13.8% (FY25 $588.6m)
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Scheme Implementation Deed (SID) 6 Supporting Steadfast’s next phase of growth • Steadfast has entered into a SID under which Amwins, Dragoneer and KKR, have agreed to acquire all of the issued shares in Steadfast pursuant to a scheme of arrangement (“Scheme”) for cash consideration of $6.00 per share, less the cash amount of any Permitted Dividends paid per Steadfast share (“Scheme Consideration”). 1 • Steadfast is permitted to pay dividends to Steadfast shareholders comprising an ordinary final dividend in respect of FY26 and a special dividend prior to Scheme implementation, of an aggregate amount of up to $0.20 per Steadfast share. • The Scheme Consideration represents a 51.9% premium to Steadfast’s undisturbed closing share price of $3.95 on 9 June 2026. • The Steadfast Board unanimously recommends that Steadfast shareholders vote in favour of the Scheme, in the absence of a superior proposal and subject to the independent expert concluding and continuing to conclude in the independent expert’s report that the Scheme is in the best interests of Steadfast shareholders. • The implementation of the Scheme is subject to various customary conditions, including approval by Steadfast shareholders and regulatory approvals from the Foreign Investment Review Board, the Australian Competition & Consumer Commission, the New Zealand Overseas Investment Office, the UK Financial Conduct Authority and the Monetary Authority of Singapore. • Subject to Steadfast shareholders approving the Scheme and all other conditions being satisfied (or, if applicable, waived), Steadfast is currently targeting implementation of the Scheme in December 2026. • Steadfast shareholders do not need to take any action at the present time. 1 Refer to the market release dated 21 August 2026 announcing that Steadfast has entered into a Scheme Implementation Deed (“SID”) with Amwins Australasia Group Pty Ltd (“Amwins Australasia”), a subsidiary of Amwins Group, Inc. (“Amwins”) and Starboard BidCo Pty Ltd (“Bidder”), an entity indirectly owned by funds managed or advised by affiliates of Dragoneer Investment Group, LLC ( “Dragoneer”) and Kohlberg Kravis Roberts & Co. L.P.
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7 Recent base premium cycle 202 3 202 2025 1 2025 2 2025 3 2025 2026 1 2026 2 2026 3 2026 uarter of Inception Date 1.0% 0% 1.0% 2.0% 3.0% .0% 5.0% 6.0% .0% .0% Base Premium Change % 1 INSIGHT data comprises ~60% of Steadfast’s Network GWP (Australian brokers only). 2 Refer to slide 46 for further premium cycle data. 3 Premium cycle moderation commenced in the third quarter of 2024. FY26 renewal price movement +2.0%
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Final dividend 8 Total FY26 dividend of 20.95 cps (fully franked), up from 19.50 cps in FY25, +7.4% Final FY26 dividend of 12.75 cps (fully franked), up from 11.70 cps in FY25, +9.0% Dividend Reinvestment Plan (DRP) will not apply to final FY26 dividend. Key dates for final FY26 : ꟷ Ex dividend date: 02 September 2026 ꟷ Dividend record date: 03 September 2026 ꟷ Payment date: 25 September 2026 Dividend per share (cents per share) 0 2 4 6 8 10 12 14 16 18 20 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Underlying diluted EPS (NPAT) (cents per share) 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 1H 2H
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Steadfast Australasian Broking 9
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$4.1b $4.4b $4.5b $5.0b $5.3b $6.1b $8.3b $9.8b $10.3b $11.6b $11.8b $12.5b $13.2b 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Steadfast broking – Australasian Network Sustained growth and further broker acquisitions Financial highlights – FY26 • Australasian Broker Network GWP +6.2% to $13.2b • Professional Service Fees grew by +2.4% to $78.2m Operational highlights • Completed 3 new equity holdings, 31 step-ups, 10 step-downs and 31 bolt-ons • Steadfast now has equity interests in 62 brokers who place over 50% of the Network GWP Insurtech Platforms • Our Broker Network and Insurtech Platforms provide a sustainable advantage • There are now 260 brokers live on the INSIGHT Broking System, with over 8,000 users • We have over 12,500 active users transacting on the SCTP across Australia and New Zealand Australasian Network GWP 1H 2H 1 FY25 has been restated to exclude Envest GWP from 1 July 24 1 10 +6.2% total GWP growth FY26 vs FY25 GWP of $13.2b vs $ 12.5b 1 +2.4% organic growth – broker network +3.7% organic growth AR network 0.1% net new brokers
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Steadfast broking – Australasian Network Solid underlying earnings growth of 13.2% Equity brokers and network 12 months to 30 June 2026 $ million Underlying FY26 Underlying FY251 Period-on- period growth % Organic growth % Growth from acquisitions % Net revenue 1,028.8 855.1 20.3% 1.4% 18.9% EBITA 411.8 363.7 13.2% 2.7% 10.5% EBITA growth 11 • Solid underlying EBITA growth of 13.2%. There has been further growth from step-ups of existing subsidiary equity brokers which has increased Steadfast effective ownership of our equity brokers from 80% to 83% • Focus on sustainable margin improvement continued through execution of the broker hubbing strategy that enhances operational efficiency and disciplined broker fee uplift to support revenue resilience • Enhanced subsidiary oversight and governance through dedicated data and analytics program enabling proactive monitoring of renewal retention, new business performance and sustainable earnings performance Effective ownership EBITA FY25 FY26 80% 83% 81% 1 FY25 comparatives have been restated to reflect changes as a result of the updated segment disclosure as disclosed to the market on 11 February, 2026 $411.8m $363.7m $9.9m / 2.7% $14.2m / 3.9% $24.0m / 6.6% $48.1m / 13.2% 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 FY25 EBITA Organic Acquisitions Acquisitions - Rothbury step- up FY26 EBITA Acquisition Growth: $38.2m / 10.5% 1
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Steadfast Underwriting Agencies 12
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GWP of $2.5b vs $2.4b FY26 vs FY25 +2.3% total organic growth Steadfast Underwriting Agencies Profitable growth achieved by maintaining underwriting discipline, active retention and targeted new business Financial highlights – FY26 • Steadfast Underwriting Agencies GWP +2.3% to $2.5b 13 Operational highlights • Launch of Castle by Sure Insurance, a new national home insurance product • New products from CHU, Mecon, Emergence & Coast. Launch of Unity Trade Credit • Successful completion of consolidation project with four Consumer Agencies combining to create Prevail and nine individual small to medium Commercial Agencies merging into one brand and company in Miramar • Supporting growth of mid-scale Agencies through acquisition and new product development • Investment in automation with resulting efficiencies through the Underwriting Agency IT platform replacement program • Carrier relationships remain a long-term focus as well as redefining our London footprint through the Steadfast Underwriting Agencies Consortium and binder management Steadfast Underwriting Agencies GWP 2H1H $0.1b $0.4b $0.7b $0.8b $0.9b $1.1b $1.3b $1.5b $1.8b $2.1b $2.3b $2.4b $2.5b 0.0 0.5 1.0 1.5 2.0 2.5 3.0 Pf FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 1FY25 has been restated with Sterling and Blend GWP excluded 1
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Steadfast Underwriting Agencies Steadfast Underwriting Agencies EBITA growth 14 • Underlying EBITA of $260.8m (+5.2%) from all underwriting agencies ꟷ Maintained underwriting discipline, active retention, targeted new business and expense discipline ꟷ Revenue growth exceeded GWP growth, demonstrating improved commission terms and fee income across the portfolio ꟷ Additional investment in updating underwriting and claims systems will continue through 1H27 ꟷ Actual equity ownership of FY26 EBITA is 88% (FY251: 88%) 12 months to 30 June 2026 $ million Underlying FY26 Underlying FY251 Period-on-period growth % Organic growth % Net acquisitions/disposals % Net revenue 519.5 494.7 5.0% 4.6% 0.4% EBITA 260.8 247.8 5.2% 5.3% (0.1%) 1 FY25 comparatives have been restated to reflect changes as a result of the updated segment disclosure as disclosed to the market on 11 February 2026. $260.8m $247.8m $13.2m / 5.3% $13.0m / 5.2%-$0.2m / -0.1% 50.0 100.0 150.0 200.0 250.0 300.0 FY25 EBITA Organic Acquisitions FY26 EBITANet acquisitions/ disposals
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15 Steadfast International businesses
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10 months since the acquisition, • 60%+ organic growth in GWP and Revenue in FY26 • 1,000+ policy submissions from ISU Steadfast members 1.5 years since the acquisition, • 34% organic growth in revenue • Built capabilities via new talent in Property, Casualty, and Delegated Authority, required to capitalise on the global network and London market opportunity Steadfast International businesses Strategic growth FY26 operational highlights ISU Steadfast • Performing strongly, exceeded FY26 budgeted EBITA • 38 new members, 21 net of terminations, and introduced two new membership tiers • Enhanced strategic carrier relationships, achieving profit share growth of 15% • Launched and drove participation in Novum and HWS Specialty solutions • Completed first two trapped capital equity investments in members (held at Steadfast level) • Technology implemented to drive business forward with data insights HWS Specialty • Performing strongly, exceeded FY26 budgeted EBITA • Significant progress diversifying the business into new and expanded specialties through strategic recruitment • Established a strong foundation for future growth and profitability • Strong new business wins in Marine Novum Underwriting Partners (acquired August 2025) • Acquired an additional 4.25% of Novum in May 2026 (on the original deal terms) • Strong financial performance in the 10 months post completion • Scaled existing programs and established new programs • Expanded capacity relationships • Engagement with ISU Steadfast with a focus on attracting submission flow and building strategic alignment • Recruitment of new talent to support rapid growth16 2.5 years since the acquisition, • 17% net growth in members • 19% growth in consolidated GWP • 28% growth in profit sharing from carriers • 96% organic growth in EBITA • 2 trapped capital equity investments in members
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Steadfast International businesses Steadfast International businesses EBITA growth 17 • Underlying EBITA of $29.8m, growth of $23.9m over prior corresponding period • Strong performance driven by: ꟷ Growth in ISU Steadfast profit sharing and network membership fees ꟷ Growth in HWS Specialty after the first 12 months post acquisition • Acquisition growth driven by: ꟷ Strong organic growth since acquisition of HWS Specialty, with new business wins in Marine division. ꟷ Exceptional first 10 months’ contribution from Novum (60% year-on-year growth in GWP and revenue in FY26). ꟷ Two minority equity investments in ISU Steadfast network agencies in 2H of FY26. 12 months to 30 June 2026 $ million Underlying FY26 Underlying FY25 Period-on-period growth % Organic growth % Growth from acquisitions % Net revenue 108.5 55.5 95.4% 18.2% 77.2% EBITA 29.8 5.9 400.8% 171.6% 229.2% $29.9m $5.9m $10.3m $13.6m $23.9m - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 FY25 EBITA Organic Acquisitions FY26 EBITA
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Steadfast Technologies 18
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19 Steadfast OnePlatform key deliverables Modernisation of our Insurtech offering to deliver a scalable, secure & modern solution that creates broker efficiencies and supports growth by delivering a unified Saas platform, enabling brokers and insurers to collaborate seamlessly across the insurance lifecycle. Product Capability uplift Status Steadfast ID • Secure and robust multi factor authentication solution to enhance data protection within the network • Enhanced user experience with single entry point for brokers and insurers • 10 Steadfast applications in the first phase, Broker Portal by year end Over 13,000 brokers and insurers migrated SPICE • Steadfast Product Configuration Engine • API middleware connecting SCTP with insurers’ platforms • AI enabled mapping accelerates the delivery of new products and Insurers First products in integration testing Steadfast Intelligence • Platform uplifted with AI enabled semantic layer for brokers and insurers with AI agents enabled • Broker reporting including business written, portfolio analysis, commission and fee tracking, and FP&A • Underwriter analytics including segmentation of performance data by ANZSIC codes, occupations, location , etc • New federated model to enable brokers to access the platform capabilities without the associated costs Launched CORTEX Conversational AI agent Steadfast Apps • Human (Broker) Centered Design that streamlines the insurance lifecycle and drive efficiency • Delivering automation, AI and optimising how data is utilised with Steadfast Apps • Replaces 3rd party systems e.g. CRM and DMS to reduce the overall cost to brokers • Rearchitected multi-tenant platform to reduce operating costs and improve performance Pilot Live Full release 7th Sept
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Powering the broker behind every protected client
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Steadfast Apps: Pipeline of new Broker Capability Q3 2026 Q4 2026 21 Human (Broker) Centred Design validated with brokers before launch — via focus groups, STAC, & pilot brokers Accelerated Delivery: AI Development Model AI Optimised Platform Q1 FY27 Q2 FY27 Q3 FY27 onwards • Rebrand and new UI • Dashboard widgets aligned to the user • AI schedule reformatting service • Enhanced search • Dark mode • Knowledge Studio replaces Online Help • Steadfast Intelligence reporting integration • Client Relationship Management – Activities and records management – Task management & Compliance uplift • Document Management System • Workflow Automations ꟷ Renewal automation ꟷ Debtor automation • Risk coach • SCTP modernisation • Quote-to-bind workflows • Claims enhancements • AI assist for documents, claims and agents • Financials (payment, billing, multicurrency) • API Marketplace • Report builder and scheduling
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22 FY26 Financial Summary
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1 Underlying financial data reconciled to statutory data on FY25 and FY26 slide 60 and 62 2 FY25 comparatives have been restated to reflect changes as a result of the updated segment disclosure as disclosed to the market on 11 February, 2026 Group financial performance Underlying earnings 12 months to 30 June 2026 $ million Underlying FY261 Underlying FY251,2 Period-on-period growth % Revenue ($m) 2,104.7 1,825.7 15.3% EBITA ($m) 669.8 588.6 13.8% NPAT ($m) 319.5 295.5 8.2% Diluted EPS (NPAT) (cents) 28.80 26.73 7.7% NPATA ($m) 366.3 341.8 7.1% Diluted EPS (NPATA) (cents) 33.01 30.93 6.7% • Statutory NPAT of $269.1m (FY25 $ 334.9m) (refer slide 60) • EBITA growth does not reflect step-ups in existing equity businesses; this is reflected in NPAT via reduced non-controlling interests • Earnings growth across Steadfast Group driven by: ⁻ Measures taken to increase group expense discipline ⁻ Continued strong organic growth in underwriting agencies ⁻ Solid contribution to Steadfast broking from acquisitions to offset slower GWP growth Solid underlying earnings growth 23
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Drivers of 13.8% growth in underlying EBITA Organic and acquisition growth 24 1 Rothbury is fully consolidated for accounting purposes, with 100% of EBITA included in the Group results. The NCI is adjusted below EBITA, such that Group NPAT reflects the Group’s effective ownership interest of 67.81% in Rothbury $669.8m $588.6m $29.5m / 5.0% $25.7m / 4.4% $1.8m / 0.3% $24.0m / 4.1% $81.0m / 13.8% 120.0 220.0 320.0 420.0 520.0 620.0 720.0 FY25 EBITA Organic Growth Acquisition of new businesses Net acquisition of increased equity holdings Increased equity hokidngs - Rothbury1 FY26 EBITA Acquisition Growth excl. Rothbury step-up: $27.5m /4.7% 1 holdings -
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Drivers of 8.2% growth in underlying NPAT 25 $319.5m $295.5m -$13.6m / -4.6% $16.8m / 5.8% $18.7m / 6.3% $2.1m / 0.7% $24.0m / 8.2% 270.0 280.0 290.0 300.0 310.0 320.0 330.0 340.0 FY25 NPAT Organic Growth Acquisition Growth Acquisition Growth - Step-up Acquisition Growth - Finance & Amort Exp FY26 NPAT Millions Acquisition Growth: $7.2m /2.4%
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Statutory balance sheet ¹ Restatement to comparative goodwill ($5.3m) and deferred tax liability ($5.7m) due to measurement period adjustment 2 Gearing calculated as debt/(debt + equity). Debt defined as corporate debt + subsidiary debt excluding premium funding debt + proportion share of associate's borrowings (excluding premi um funding borrowings) Equity defined as total equity (excluding NCI) + proportion share of associate's equity (excluding premium funding equity) • At 30 June 2026, Steadfast’s total gearing ratio2 was 36.0%. • At 30 June 2026, Steadfast had $138.8m of undrawn bank facilities. • Subsequent to the balance date, the Group entered into an additional $100.0m of bilateral debt facilities subject to the Common Terms Deed Poll, maturing February 2028. Total debt facilities increased to $1,470.0m. • IQumulate premium funding Australian facilities were $780m and mature in July 2027 (one year term is standard industry practice). Total borrowings and lines of credit $ million Actual Group facility borrowings 1,263.6 Subsidiary borrowings (excluding Rothbury Group borrowings) 34.2 Share of associate borrowing 20.3 Total 1,318.1 26 $ million 30 Jun 26 30 Jun 25 Cash and cash equivalents 470 431 Cash held on trust 1,351 1,172 Premium funding receivables 822 800 Trade and other receivables 473 378 Total current assets 3,116 2,781 Goodwill1 2,868 2,707 Identifiable intangibles 471 461 Investments in associates & joint ventures 190 172 Other (including PPE, deferred tax assets) 1 293 301 Total non-current assets 3,822 3,641 Total assets 6,938 6,422 Trade and other payables 1,329 1,139 Corporate and subsidiaries borrowings 65 74 Premium funding borrowings and payables 284 285 Deferred/contingent consideration 76 160 Other (including tax payable, provisions) 383 338 Total current liabilities 2,137 1,996 Corporate and subsidiaries borrowings 1,273 884 Premium funding borrowings 51 537 Deferred/contingent consideration 113 93 Deferred tax liabilities – customer relationships 114 124 Remaining deferred tax liability and other1 186 161 Total non-current liabilities 2,197 1,799 Total liabilities 4,334 3,795 Net assets 2,604 2,628 Non-controlling interests 240 231 Shareholders equity 2,364 2,397 Corporate debt facilities (excludes premium funding) increased, and recently extended as follows: $ million Maturity Total Revolving May 2028 500 Revolving Sept 2028 150 Revolving Oct 2028 30 Revolving Mar 2029 90 Term May 2029 200 Term May 2030 200 Note Jun 2032 200 Total corporate debt facilities 1,370 Other potential facilities Accordian 300 Shelf 125 Total debt facilities 1,795
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Stable conversion of profits to cash FY26 cash flow statement 1 Refer slide 65 for the detailed cash flow statement $ million FY26 FY25 Adjusted net cash from operating activities 408.6 373.7 Cash used for dividends, net of DRP (186.5) (200.8) Cash used for dividends to non-controlling interests (55.5) (48.0) Free cash flow 166.6 124.9 Free cash flow of $166.6 million Cash flow summary¹ $ million FY26 FY25 Pre-tax cash flow from operating activities before lease obligation payment 576.6 540.9 Less lease obligation payments (28.0) (19.9) Pre-tax cash flow from operating activities 548.6 521.0 Less tax (140.0) (147.3) Post-tax cash flow from operating activities 408.6 373.7 NPATA 366.3 341.8 • Maintained strong working capital position • Net cash inflows from operating activities of $408.6 million (excluding trust account and premium funding movements) reflected continued full conversion of pre-tax profits into cash flows. Free cash flow will be used to fund dividends to shareholders and working capital. 27
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Outlook 28
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1. Continue to execute on Steadfast Group growth strategy – both organic and inorganic. 2. Continue to drive Subsidiary performance oversight to improve earnings quality, drive margin expansion and recognise operational efficiencies through targeted revenue growth initiatives and strategic hubbing opportunities. 3. Maintain capital discipline, pursue value-accretive acquisitions and generate sustainable shareholder returns. 4. Continue US network expansion and US trapped capital opportunities. 5. Leverage technology and enhance operating efficiencies to drive margin improvements across the Group. 6. Deliver innovative AI enabled solutions, implementing the insurTech pipeline including AI enabled Steadfast Apps. 7. Foster a values led culture of leadership where our people are engaged, empowered and supported to be at their best. 8. Continue to improve Steadfast’s performance through risk management, compliance and governance. 29 Key FY27 Steadfast Group priorities
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FY27 guidance 30 1 Steadfast share count is 1,109.5m FY27 guidance range Underlying NPATA $382m - $392m Underlying NPAT $333m - $343m Underlying EBITA $700m - $715m Underlying diluted EPS (NPAT)1 growth 4% - 8% Underlying diluted EPS (NPATA) 1 growth 4% - 8% The guidance is subject to the following key assumptions: • Achieving 2% - 3% increase in pricing of insurance premiums in Australia • Principal key risks and uncertainties are set out in the 2026 Annual Report (pages 74 to 77)
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Questions 31
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Steadfast Group (slide 33) Steadfast Australasian Network (slide 38) Steadfast Underwriting Agencies (slide 47) Steadfast International Businesses (slide 49) Our insurTech (slide 55) FY26 detailed financials (slide 59) Appendices 32
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Steadfast Group 33
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Steadfast Group Approximately 700 network brokers and agencies globally with ~AU$26b premium (excluding UnisonSteadfast) New Zealand Singapore UK Germany Australia ▪ Agency Network ▪ Broker Referral Network ▪ Broker Network ▪ MGAs ▪ Equity in brokers and agencies ▪ Broker Network ▪ MGAs ▪ Equity in brokers and agencies ▪ Complementary Businesses ▪ Broker Network ▪ MGAs ▪ Equity in brokers and agencies ▪ Complementary Businesses USA ▪ Specialist wholesale broker 34 ¹ Exchange rate USD:AUD $1.456, 30 June 2026 ▪ Speciality MGA and wholesale brokerage ▪ Equity in agencies ¹
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Steadfast Group as at 30 June 2026 Business units focused on the intermediated general insurance market Steadfast Group (listed on ASX) Steadfast Australasian Broker Networks 419 general insurance brokers with 2,096 offices across Australia, New Zealand and Asia Steadfast Group has equity holdings in 62 brokerages Steadfast Underwriting Agencies 20 underwriting agencies Steadfast Group has equity holdings in 20 underwriting agencies that distribute products under 24 brands Complementary Businesses 7 businesses supporting the Steadfast Network and Steadfast Underwriting Agencies Mixture of wholly owned and joint venture businesses Steadfast International businesses ~260 ISU Steadfast members in the USA independent agency network Steadfast Group has equity holdings in 2 members 1 Speciality MGA and wholesale brokerage in the USA 1 Specialty wholesale broker in the UK 305 members in global referral network UnisonSteadfast 35
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Novum Underwriting Partners combines advanced insurance technology with specialised underwriting expertise 36 Annual GWP¹Annual GWP¹ Underwriting agencies BROKING UNDERWRITING AGENCIES ~US$7.0b ~260AU$2.5b 20 Annual GWP¹ AU$13.2b Steadfast Network brokers 419 AUSTRALASIA General insurance brokerages in Australasia who benefit from superior market access, exclusive products and services as part of the Steadfast network Agencies that design, develop and provide specialised insurance products and services to brokers both within and outside the Steadfast brokerage network ISU Steadfast is a network of independent insurance agencies, providing members market access, stronger carrier relationships, technology and perpetuation ISU Steadfast members 1 For calendar year 2025 2 For full year 2026 3 Exchange rate USD:AUD $1.456, 30 June 2026 $1,028.8m FY26 NET REVENUE $411.8m FY26 UNDERLYING EBITA $519.5m FY26 NET REVENUE $260.8m FY26 UNDERLYING EBITA $108.5 m INTERNATIONAL NET REVENUE (INCLUDING UNISONSTEADFAST) Complementary businesses Premium Funder, 84% owned Specialist life insurance broker, 47.3% owned Back-office service provider, 100% owned Technology service arm, 100% owned Work health consultancy, 57% owned Legal practice, 25% owned Risk consulting, 100% owned Steadfast Networks collects professional services and other fees Steadfast has approximately 700 brokers and agencies globally with over AU$26b premiums Size and scale Steadfast Group as at 30 June 2026 Annual GWP 2 US$174m AGENCY NETWORK UNDERWRITING AGENCY SPECIALTY WHOLESALE BROKER UK Annual GWP 2 £230+m HWS Specialty is a specialist wholesale broker, providing access to international markets for complex risks 3 USA
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Steadfast Group Strategy 2027 – 2029 37 Our purpose TOGETHER we strengthen the future of our people, businesses and the communities we serve Our TOGETHER Our vision To be a global leader in insurance distribution, delivering sustainable growth and long- term shareholder value values Key pillars of our strategic plan Drive Shareholder Value TOGETHER, make Steadfast a great place to work To enable a high performing culture, where our people grow, perform and thrive TOGETHER, deliver market- leading products, services & technologies To support quality customer outcomes TOGETHER, pursue growth with an entrepreneurial spirit and commercial discipline To maintain capital discipline and focus on value accretive acquisitions FY27 Strategic Priorities Develop stronger engagement with the Broker Network(s) through aligning our services, broker standards and partner connectivity— positioning Steadfast as the distribution partner of choice Drive organic growth and margin expansion in Subsidiary Brokers by leveraging technology, while strengthening subsidiary governance and leadership Drive long-term sustainability of Underwriting Agencies through technology modernisation, clear market positioning and targeted acquisitions Realise the strategic growth opportunities of the International businesses Deliver innovative AI enabled solutions for the Steadfast Network and Group Foster a culture of inclusive leadership where our people are engaged, empowered and supported to be at their best. Continue to improve Steadfast’s performance through risk management, compliance and governance TOGETHER, strengthen industry relationships To be a respected business and community partner FY27 Key Measures: Achieve finance targets | Uplift adoption of insurTech | 75% Great Places To Work Index Score
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Steadfast Australasian Network 38
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Major insurer partners Premium funding partners Steadfast Australasian Network AU$13.2b GWP in FY26 419 brokers in the Network General insurance broker network operating in Australasia Steadfast Australasian Network Steadfast Network As the largest insurance broker network in Australasia, Steadfast Network comprises of approximately 700 brokers and agencies globally, including over 419 brokerages across 2,096 offices in Australia, New Zealand and Asia. Our network capability enables brokers to access integrated technology, specialist risk, product and placement solutions, and dedicated claims support, driving operational efficiency, improved client outcomes, and sustainable growth across the Network. Exclusive to Steadfast Network brokers Scale and strength Size gives us strong relationships with insurer partners. Products and services Comprehensive suite of product, risk and advisory support services. Technology Specialised technology services. Helplines Legal, contractual liability, compliance, human resources & technical. Steadfast triage Provides expert support across claims, ethics & placement. Training and networking events Market-leading professional development through face-to-face & webinars. Erato PI program Professional indemnity cover for Steadfast Network brokers. Marketing Sales and marketing support. Policy wordings Market-leading wordings utilising broker & triage input. Market access Access to the leading insurance providers from Australia & around the world. Strategy ▪ Be the best solution for our clients’ needs ▪ Operate a network that is stronger together and the network of choice for brokers ▪ Build and develop strong relationships with insurers and other strategic partners ▪ Develop leading technology solutions to enable brokers to obtain competitive pricing and terms to retain and attract their clients ▪ Grow international presence 39
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• In FY26, 21 brokers joined, 14 brokers merged, 0 broker sold and 7 brokers left • 392 brokers joined and 49 brokers have left the Network since the IPO • 177 brokers merged and 23 brokers were sold to third parties since the IPO Steadfast Australasian Networks 392 brokers have joined Steadfast’s Australasian Networks since IPO Number of Steadfast Network brokers1 276 419 199 34 31 77 51 177 23 27 2 20 200 250 300 350 400 450 500 550 600 650 700 August 2013 (IPO) New brokers Allied NZ Insight IBNA Singapore & Asia Pacific Merged Sold externally Leavers PSC (AU & NZ) Envest Jun-26 1 Excludes ISU Steadfast, UnisonSteadfast and HWS Specialty • Over 160 products and services available to the Network • SCTP and INSIGHT initiatives generating heightened interest in Network value proposition worldwide 40
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Steadfast Australasian Broker Network Broker office footprint 172 WA 108 SA NT 13 QLD 419 544NSW 19 522 31 ACTVIC New Zealand Asia 65 161 42 TAS The Steadfast Network is comprised of Insurance Brokers & Authorised Representatives 419 Network Brokers AU$13.2b GWP in FY26 2,096 broker offices Across Australia, New Zealand and Asia 41
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Steadfast Australian Network Australia – resilient SME client base 1 Based on Steadfast FY26 GWP 2 GWP figures are based on the best available information at the time of reporting and have been aggregated from a range of sou rces Various underwriting agencies, small insurers, Lloyd’s and other small brokers 44% Business pack 15% Strata 9% Commerical motor 14% Retail 11% ISR 9% Liability 10% Professional Risks 8% Statutory Covers 8% Other 6% Rural & Farm 5% Construction & Engineering 6% QBE 14% CGU 13% Allianz 10% Vero 10% Chubb 5% Zurich 3% AIG 3% VIC 39% NSW 26% QLD 17% WA 11% SA 4% TAS 3% ACT/NT 0% Micro (Policy size <$650) 1% Small Enterprise (Policy size $650 - $5,000) 23% Small Enterprise (Policy size $5,000 - $50,000) 41% Medium Enterprise (Policy size $50,000 - $250,000) 15% Corporate (Policy size >$250,000) 7% Retail 13% GWP mix 1,2 Diversified by product line 2 Diversified by geography 2 Diversified by insurer 2 42
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Increasing Steadfast Group’s share of growing Network GWP Steadfast Australasian Network • Since IPO, Steadfast has successfully implemented the dual strategies of growing our networks as well as increasing equity st akes in network brokers Other Network brokers 75% FY26 Steadfast Network GWP $2.9b $1.0b FY13 (IPO) Steadfast Network total GWP Equity brokers 25% $4.4b $1.3b $7.5b Non-equity GWP Possible acquisition opportunities Potential EBITA of c.$264.5m Equity brokers GWP $4.3b broking $3.2b authorised reps Potential EBITA from authorised reps of c.$124.4m Non-equity GWP Assumed not available for acquisition Equity brokers GWP $6.2b owned $1.3b co-owned Potential EBITA of c.$75.6m 43
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The value of insurance broking continues to grow and remains a good investment Strong CAGR of premiums across Australian intermediated general insurance and Steadfast network market share1 44 1 Restated for comparison purposes, with GWP from Honan and Resilium excluded from 1 July 2023 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 CY25 SDF Intermediated Non-intermediated
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Broker fee & commission (F&C) rates by class of risk 45 1 INSIGHT data comprises ~60% of Steadfast’s Network GWP (Australian brokers only) Broker F&C trends over the premium cycle egend Casualty Commercial Domestic 202 3 202 2025 1 2025 2 2025 3 2025 2026 1 2026 2 2026 3 2026 uarter of Inception Date 0.0% 2.0% .0% 6.0% .0% Broker ee Rate 0.0% 5.0% 10.0% 15.0% Commission Rate 0.0% 10.0% 20.0% Gross &C Rate .3% . % 9.1% 11. % 11.6% 13.0% 15.9% 20. % 1 . %
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Insurance premium update Average base insurance premium increase in the period to 30 June 20261 • Average FY26 premium increase is 2.0% 46 1 INSIGHT data comprises ~60% of Steadfast’s Network GWP (Australian brokers only) Risk Group Class of Risk Base Premium o Growth % % of Total Base Premium Grand ota asua t ota Liability Professional Risks Management Liability Directors and fficers Liability o ercia ota Business Packages Motor Commercial ISR Statutory Covers Rural & arm Contractors, Machinery, Plant .. Construction & Engineering Strata Property Commercial Marine Commercial Cyber Information Technology Machinery breakdown Engine.. Business inancial Bloodstock Livestock Marine Business Property o estic ota Strata Property Residential Home & Contents Landlords Motor Private Marine Private Travel Specia t ota Accident & Health Aviation Life Risks Parametrics 6.0% 0.1% 0. % 1.1% 1.5% 1.2% 3. % 1.0% 1. % 0. % 5. % 1.9% .3% .2% 3.2% . % 2.0% 2. % 2.6% 6.1% 2.2% 1. % 3.2% . % 6.1% 0.1% 0% 5. % 3.9% 0.5% 0. % 0.9% 3. % .6% 0.0% 0.0% 0.0% 0.1% 0.2% 0. % 0. % 1.2% 2. % 2.5% 2. % 5. % 6. % 11. % 1 . % 15.3% 0.3% 0.3% 2. % 2. % 6. % 10.2% 0.0% 0.1% 0.2% 0.3%
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Steadfast Underwriting Agencies 47
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Steadfast Underwriting Agencies Highly diversified portfolio providing good sustainability and growth prospects Specialty Insurances – Marine, Eng, Cyber Specialist Commercial Insurances Commercial Property, Liability, Finpro Insurances Personal Insurance 100% Strata Insurance 98% 100% 87% 80% 80% 89% 70% 45% 88% 70% 100% 86% 100% 92% 50% HNW HOME SPECIALITY MOTOR FARM HOME STRATA STRATA STRATA PROPERTY ENGINEER LIABILITY FINPRO FINPRO LIABILITY PROPERTY CREDIT MOTOR AFFINITY PROPERTY LIABILITY STRATA PROPERTY LIABILITY PRODUCT RECALL PROP LIAB MARINE COMMERCIAL MOTOR EQUIPMENT EVENT TRADE CREDIT MARINE CARAVAN MOTORCYCLE MOBILE PLANT CONSTRUCTION CYBER TECHNOLOGY SDF % ownership 48
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Steadfast International Businesses 49
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Steadfast International Progress to date April 2023 Creation of Steadfast International, including existing stake in UnisonSteadfast October 2023 December 2024August 2024 March 2025 August 2025 Acquisition of ISU Group ISU rebranded to ISU Steadfast Acquisition of H.W. Wood & HWI France H.W. Wood rebranded to HWS Specialty Acquisition of Novum Underwriting Partners ~US$7 billion FY26 GWP ~260 independent agencies US Network Members US$174 million FY26 GWP 2000+ agencies Binding policies 110 countries Referral Network 305 members Network Members £230+ million FY26 GWP 30 countries Global Clients 50 4 companies 6 countries 250+ people March 2026 April 2026 First trapped capital investment in the US (30%) Second trapped capital investment in the US (40%)
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ISU Steadfast United States of America In October 2023, Steadfast acquired 100% of ISU Group, a leading independent agency network in the USA. ISU Steadfast • ISU Insurance Agency established in 1979, ISU Network established in 2000 • One of the largest and most reputable insurance agency networks in the USA • Network of independent agents • Re-branded as ISU Steadfast in August 2024 Network Members • Average annual revenue - US$3m • Business mix - 75% Commercial; 25% Personal • Clients: small commercial and individuals ISU Steadfast Snapshot • ~260 members • 45 employees • Located across ~40 states • Licensed in 50 states • ~US$7b in total premium • ~70 strategic relationships with carriers and wholesalers 51
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HWS Specialty United Kingdom In December 2024, Steadfast acquired 100% of H.W. Wood, a specialist wholesale broker in London. HWS Specialty • Acquisition expands Steadfast Group’s London market capabilities • ffice in London to meet demands from broker networks for Lloyd’s products • Lloyd’s Broker • Specialist wholesale broking resource internally to Steadfast Networks and externally to marketplace • Management of our London binders for agencies being brought in-house • Re-branded as HWS Specialty in March 2025 HWS Specialty Snapshot • 40+ years of experience • 92 employees • Head office in London, with satellite offices in Greece and France • o d’s Broker 52
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Novum Underwriting Partners United States of America In August 2025, Steadfast completed the strategic acquisition of a majority stake in Novum, a specialty MGA and wholesale brokerage based in the USA • Novum is a technology-enabled underwriting agency focused on the development and management of specialty insurance programs. Established in 2019, Novum is powered by a proprietary technology platform, NovumOnline, that incorporates marketplace, submission and underwriting functions that enable quoting, servicing and renewals • Novum is Steadfast’s program management and development platform in the USA, offering specialist managing general agency and wholesale broking solutions to ISU Steadfast network members and the open market more broadly • Novum will also serve as a platform and marketplace to support the launch of select Steadfast Underwriting Agencies into the USA market and binder solutions created by HWS Specialty Novum Snapshot • 2,000+ agencies binding policies on Novum online • US$174m GWP in FY26 • Licensed in 48 states • 85 employees 53
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UnisonSteadfast ne of the world’s largest global general insurance broker networks, offering multi-jurisdictional coverage UnisonSteadfast global network (based in Germany) Referrals between Steadfast Network brokers and UnisonSteadfast to service international clients UnisonSteadfast broker numbers are disclosed separately to the Steadfast Network 305 members in Network 110 countries 60% equity ownership stake 54
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Our insurTech 55
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Steadfast Technologies Our insurTech SCTP is a digital marketplace which provides Steadfast Network insurance brokers with access to a variety of insurance products based on a single agreed question set. The system is integrated with a group of leading insurers and provides an efficient way to rapidly receive a range of insurance quotes in a single view. It displays a comprehensive, side-by-side comparison showing the differences in each insurer’s terms, products and services for each quote. The SCTP has been seamlessly integrated with insurer and broker back-office management systems, including Steadfast’s INSIGHT broker platform. This eliminates costly, time consuming and error prone data re-entry into multiple systems. Key advantages: ▪ Rapidly generates and compares quotes from different insurer partners without re-keying data into multiple insurer systems ▪ Real-time, straight-through processing throughout the life of a policy ▪ Increased client insights from data analytics Steadfast Client Trading Platform 56 Steadfast Apps is the latest innovation from Steadfast Technologies, a unified end-to-end broking platform – bringing together the best of INSIGHT and SCTP with new CRM, document management, claims, compliance and workflow automation capabilities. By automating traditionally manual and repetitive administrative tasks, Steadfast Apps empowers brokers to focus on client engagement, tailoring advice and offering in-depth risk analysis. Steadfast Apps is designed to streamline the insurance lifecycle and drive efficiency across the broker network with automation, AI and optimising how data is utilised. Steadfast Apps powers the broker behind every protected client. Key advantages: ▪ Feature rich driving efficiencies in processing, trust account management and managing broker compliance ▪ Automated Workflows ▪ Enhances Broker Capabilities ▪ Controls, analyses and reports all data Insurebot is an online broker platform that streamlines the quoting process, allowing brokers to deliver quotes and recommendations to clients in minutes instead of hours. Founded by Scott Norton and Jack Marrows in 2020, Insurebot has rapidly emerged as a transformative technology in the Australian insurance broking industry. Insurebot integrates seamlessly with Steadfast Apps, allowing brokers to manage quotes and client data within a unified ecosystem and with AI capability driving broker efficiency. Key advantages: ▪ Streamlines traditionally time-consuming quoting process for brokers ▪ Delivers quotes and recommendations to clients in minutes, rather than hours ▪ Integrates seamlessly with Steadfast Apps ▪ Rapid onboarding of new products to support evolving broker needs Insurebot
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Steadfast Client Trading Platform – benefits for clients, brokers and insurers ▪ Market-leading technology – exclusive to Steadfast Network brokers, clients and participating insurers ▪ Benefits for clients: ꟷ Genuine contestable marketplace generating improved pricing, competition and coverage, and alignment of client and broker interests through fixed commission rates ꟷ Market-leading policy wordings ꟷ Instant policy issue, maintenance and renewal – all on a market contestable basis ꟷ Supported by Steadfast claims triage ▪ Benefits for brokers: ꟷ Automated market access to leading insurers at no access cost ꟷ Bespoke market-leading policies ꟷ Fixed commission rates, same for all insurers ꟷ In-depth data analytics ꟷ Stimulates advisory discussions with clients ▪ Benefits for insurers: ꟷ Automated access to Steadfast Network for all policies placed on the platform ꟷ Significantly reduced technology and distribution costs ꟷ Data analytics and market insights, live 24/7 ꟷ Updated policy wordings, based on prior claims scenarios Our insurTech 57
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Our insurTech 58
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FY26 detailed financials 59
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Reconciliation of statutory NPAT to underlying NPAT 60 12 months to 30 June 2026 $ million FY26 FY25 Statutory NPAT 269.1 334.9 Adjustments for non-trading items (net of tax and NCI): Net deferred/contingent consideration expense (excluding Rothbury and Sure Insurance) 16.2 8.8 Net adjustment relating to Rothbury Group (1.3)1 (157.4)2 Impairment expense 7.9 95.1 Mark-to-market losses from revaluation of listed and unlisted investments - 16.0 Net adjustment related to Sure Insurance - (5.8)3 Write downs within the portfolio of investments and other movements 27.6 3.9 Underlying NPAT attributable to owners of Steadfast Group Limited 319.5 295.5 1 Includes deferred/contingent consideration remeasurement gain of $13.2 million and foreign exchange gain of $13.8 million, partly offset by discount unwind of $10.1 million and impairment expense of $15.8 million ($15.6 million net of tax) pertaining to the accounting for the earnout and carrying value of Rothbury Group. 2 In FY25, the Group recorded a one-time gain of $157.4 million as a result of gaining control of Rothbury Group. 3 The FY25 net adjustment of $5.8 million comprises deferred/contingent consideration income of $43.2 million partly offset b y impairment expense of $38.5 million ($37.4 million net of tax).
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FY26 Segment Disclosure 12 months to 30 June 2026 $ million Broking Underwriting Agencies International Technology Complementary1 Head Office Interco / Reclassification Total Fees and commissions 896.5 473.5 88.4 7.6 (0.0) 0.0 311.4 1,777.4 Interest income 41.9 11.1 1.4 0.2 - 4.4 - 59.0 Other revenue 90.4 34.9 18.7 1.8 130.9 8.9 (27.6) 258.0 INSIGHT income - - - 15.7 - - (5.4) 10.3 Revenue – consolidated entities 1,028.8 519.5 108.5 25.3 130.9 13.3 278.4 2,104.7 Expenses – consolidated entities (636.9) (259.6) (79.3) (28.5) (120.5) (54.3) (278.4) (1,457.5) EBITA – consolidated entities 391.9 259.9 29.2 (3.2) 10.4 (41.0) 0.0 647.2 Share of NPATA from associates and joint ventures 19.9 0.9 0.6 - 1.2 - - 22.6 EBITA – after equity accounting 411.8 260.8 29.8 (3.2) 11.6 (41.0) 0.0 669.8 Net financing expense (67.6) Income tax expense (169.6) Non-controlling interests (66.3) Net profit after tax and before amortisation (NPATA)3 366.3 Amortisation expense (79.4) Income tax expense on amortisation expense 22.5 Non-controlling interests within amortisation expense (net of tax) 10.1 Underlying net profit attributable to owners of Steadfast (Underlying NPAT) 319.5 Adjustments for non-trading items (net of tax and non-controlling interests): Net deferred/contingent consideration expense (excluding Rothbury Group) (16.2) Net adjustment relating to Rothbury Group 1.3 Impairment expense (7.9) Write down within the portfolio of investments and other movements (27.6) Statutory net profit attributable to owners of Steadfast (Statutory NPAT) 269.1 61 1 Complementary businesses comprise IQumulate Premium Funding, Steadfast Business Solutions, Steadfast Risk Group, Goldseal and Meridian Lawyers
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Reconciliation of statutory to underlying earnings FY26 detailed financials 62 12 months to 30 June 2026 $ million Total statutory Reclassifications1 Non-trading items Total underlying Fee and commissions income 1,555.8 221.6 - 1,777.4 Interest income 59.0 - - 59.0 Other revenue 178.4 122.9 (33.0) 268.3 Revenue – Consolidated entities 1,793.2 344.5 (33.0) 2,104.7 Expenses – Consolidated entities (1,165.2) (344.1) 51.8 (1,457.5) EBITA – Consolidated entities 628.0 0.4 18.8 647.2 Share of NPATA from associates and joint ventures 27.5 (5.7) 0.8 22.6 EBITA - after equity accounting 655.5 (5.3) 19.6 669.8 Net financing expense (90.4) 5.9 16.9 (67.6) Income tax expense (185.6) 0.1 15.9 (169.6) Non-controlling interests (64.3) - (2.0) (66.3) EBITA - after equity accounting 315.2 0.7 50.4 366.3 Amortisation expense (78.7) (0.7) - (79.4) Income tax expense on amortisation expense 22.5 - - 22.5 Non-controlling interests amortisation expense (net of tax) 10.1 - - 10.1 Net profit attributable to Steadfast members 269.1 - 50.4 319.5 1 Much of the reclassification relates to commissions paid by the Group's underwriting agencies to insurance brokers outside th e Group. Such commissions are netted off against fee and commission income in the statutory numbers, and are disclosed as expenses in the underlying numbers
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Statement of underlying income FY26 detailed financials 12 months to 30 June 2026 $ million Underlying FY26 Underlying FY25 Period-on-period growth % Organic growth %2 Acquisitions & hubbing growth %3 Fees and commissions1 1,77.4 1,517.7 17.3% 3.6% 13.7% Interest Income 59.0 60.2 (2.0%) (6.3%) 4.3% Other revenue 268.3 250.8 7.0% (0.6%) 7.6% Revenue – Consolidated entities 2,104.7 1,825.7 15.3% 2.7% 12.6% Employment expenses (735.2) (622.8) 18.0% 2.4% 15.6% Occupancy expenses (47.4) (39.6) 19.5% 1.9% 17.6% Other expenses including Corporate Office¹ (674.9) (608.3) 11.0% 1.1% 9.9% Expenses – Consolidated entities (1,457.5) (1,270.7) 14.7% 1.8% 12.9% EBITA – Consolidated entities 647.2 555.0 16.6% 4.7% 11.9% Share of NPATA from associates and joint ventures 22.6 33.6 (32.8%) 10.0% (42.8%) EBITA 669.8 588.6 13.8% 5.0% 8.8% Net financing expense (67.6) (44.4) 52.2% Income tax expense (169.6) (151.4) 12.1% Non-controlling interests (66.3) (51.0) 30.0% Net Profit after Tax and before Amortisation (NPATA) 366.3 341.8 7.1% Amortisation expense (79.4) (71.3) 11.0% Income tax expense on Amortisation expense 22.5 19.9 12.8% Non-controlling interests Amortisation expense (net of tax) 10.1 5.1 97.4% Underlying Net profit attributable to Steadfast members (Underlying NPAT) 319.5 295.5 8.2% 1 Wholesale broker and agency commission expense (paid to brokers) ($296.5m in FY26; $287.9m in FY25) is included in revenues and other expenses so impact to EBITA is nil. 2 Includes bolt-on acquisitions. 3 Acquisition growth includes the net effect of acquisitions, divestments and increased equity stakes. Includes growth from associates converted to consolidated entities. 63
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FY26 detailed financials Statement of income (underlying) 1 Wholesale broker and agency commission expense (paid to brokers) ($296.5m in FY26; $287.9m in FY25) is included in revenues a nd other expenses so impact to EBITA is nil. 64 12 months to 30 June 2026 $ million Underlying 2H26 Underlying 1H26 Underlying 2H25 Underlying 1H25 Underlying 2H24 Underlying 1H24 Fees and commissions1 934.3 843.1 793.8 720.9 744.4 661.1 Interest Income 29.5 29.5 27.3 32.9 25.6 23.8 Other revenue 130.5 137.8 123.3 127.5 115.8 105.5 Revenue – Consolidated entities 1,094.3 1,010.4 944.4 881.3 885.8 790.4 Employment expenses (371.0) (364.2) (312.9) (309.9) (299.3) (269.1) Occupancy expenses (24.7) (22.7) (19.8) (19.8) (18.3) (17.2) Other expenses including Corporate Office¹ (334.3) (340.6) (301.0) (307.3) (286.5) (291.5) Expenses – Consolidated entities (730.0) (727.5) (633.7) (637.0) (604.1) (577.8) EBITA – Consolidated entities 364.3 282.9 310.7 244.3 281.7 212.6 Share of NPATA from associates and joint ventures 11.9 10.7 17.2 16.4 16.4 14.8 EBITA 376.2 293.6 327.9 260.7 298.8 227.1 Net financing expense (40.3) (27.3) (22.3) (22.1) (21.3) (20.3) Income tax expense (96.1) (73.5) (87.1) (64.3) (76.6) (56.3) Non-controlling interests (35.0) (31.3) (28.7) (22.3) (31.2) (22.5) Net Profit after Tax and before Amortisation (NPATA) 204.8 161.5 189.8 152.0 169.7 128.0 Amortisation expense (39.8) (39.6) (34.1) (37.2) (37.2) (34.6) Income tax expense on Amortisation expense 12.1 10.4 9.4 10.5 10.2 9.5 Non-controlling interests Amortisation expense (net of tax) 4.9 5.2 2.3 2.8 3.5 3.1 Underlying Net profit attributable to Steadfast members (Underlying NPAT) 182.0 137.5 167.4 128.1 146.2 106.0 Weighted average share # 1,109.6 1,106.5 1,105.0 1,105.3 1,077.1 1,043.0 Underlying diluted EPS (NPAT) (cents per share) 16.4 12.4 15.1 11.6 13.3 10.2 Underlying diluted EPS (NPATA) (cents per share) 18.4 14.6 17.2 13.7 15.3 12.3
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FY26 detailed financials Statutory cash flow statement 65 $ million FY26 FY25 Cash flows from operating activities Net cash from operating activities before customer trust account and premium funding movements 436.6 393.6 Net movement in customer trust accounts 52.4 30.2 Net movement in premium funding (17.5) 74.7 Net cash from operating activities 471.5 498.5 Cash used in acquisitions of subsidiaries and business assets (172.7) (155.5) Cash acquired in acquisitions 139.1 129.6 Cash used in other investing activities (276.7) (170.4) Net cash used in investing activities (310.3) (196.3) Dividends paid2 (242.0) (248.8) Other 304.2 221.9 Net cash from financing activities 62.2 (26.9) Net increase in cash and cash equivalents 223.4 275.3 Cash and cash equivalents at 30 June 1,822.5 1,602.3 split into: Cash held in trust 1,352.0 1,171.5 Cash on hand (net of overdraft) 470.5 430.8 $34.7m free cash flow in FY26 $ million Cash from operations 1 576.6 Less lease obligation payments (28.0) Adjusted operating cashflow 548.6 Less Tax (140.0) Dividends paid, net of DRP 2 (242.0) Free cash flow from operating activities 166.6 Free cash flow of $166.6 million 1 Excludes movement in trust accounts and premium funding 2 Includes s paid to non-controlling interests
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Important notice This presentation has been prepared by Steadfast Group Limited (“Steadfast”). This presentation contains information in summary form which is current as at 25 August 2026. This presentation is not a recommendation or advice in relation to Steadfast or any product or service offered by Steadfast or its subsidiaries and associates. It is not intended to be relied upon as advice to investors or potential investors, and does not contain all information relevant or necessary for an investment decision or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth). It should be read in conjunction with Steadfast’s other continuous and periodic disclosure announcements filed with ASX Limited, in particular, the Steadfast Group 2025 Annual Report, available at investor.steadfast.com.au. To the maximum extent permitted by law, Steadfast, its subsidiaries and associates and their respective directors, employees and agents disclaim all liability for any direct or indirect loss which may be suffered by any recipient through use of or reliance on anything contained in or omitted from this presentation. No recommendation is made as to how investors should make an investment decision. Investors must rely on their own examination of Steadfast, including the merits and risks involved. Investors should consult with their own professional advisors in connection with any acquisition of securities. Steadfast assumes no obligation to provide any recipient of this presentation with any access to any additional information or to notify any recipient or any other person of any other matter arising or coming to its notice after the date of this presentation. To the extent that certain statements contained in this presentation may constitute “forward-looking statements” or statements about “future matters”, the information reflects Steadfast’s intent, belief or expectations at the date of this presentation. Steadfast is under no obligation to update any forward-looking statements contained within this presentation, subject to applicable disclosure requirements. Steadfast may update this information over time. Any forward-looking statements, including projections or guidance on future revenues, earnings and estimates, are provided as a general guide only and should not be relied upon as guarantee of future performance. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are outside Steadfast’s control and may cause Steadfast’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Any forward-looking statements, opinions and estimates in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Neither Steadfast, nor any other person, gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur. In addition, please note that past performance is no guarantee or indication of future performance. Possible factors that could cause results or performance to differ materially from those expressed in forward-looking statements include the risks and uncertainties on pages 74 - 77 of Steadfast’s 2026 Annual Report. Certain non-IFRS financial information has been included within this presentation to assist in making appropriate comparisons with prior periods and to assess the operating performance of the business. Steadfast uses these measures to assess the performance of the business and believes that the information is useful to investors. Non-IFRS information, including underlying income statement items, pro forma income statement items, underlying earnings before interest expense (after premium funding interest income and expense), tax and amortisation of acquired intangibles (EBITA), underlying NPAT, underlying net profit after tax and amortisation (NPATA), underlying EPS (NPAT) (NPAT per share) and underlying EPS (NPATA) (NPATA per share), have not been subject to review by the auditors. FY13 and FY14 results are pro forma and assume the Pre-IPO Acquisitions and the IPO Acquisitions were included for the full reporting period (all of the IPO Acquisitions completed on 7 August 2013). Prior period underlying EPS (NPAT) and underlying EPS (NPATA) have been adjusted to reflect the re-basing of EPS post the February/March 2015 1:3 rights issue. Underlying EPS (NPAT) and underlying EPS (NPATA) for FY20 have been calculated as if all shares issued in FY20 pursuant to the IBNA acquisition and PSF Rebate acquisition were issued on 1 July 2019. To ensure comparability, underlying EBITA also deducts the interest expense on lease liabilities and depreciation of right-of-use assets from 1 July 2019. This presentation does not constitute an offer to issue or sell securities or other financial products in any jurisdiction. The distribution of this presentation outside Australia may be restricted by law. Any recipient of this presentation outside Australia must seek advice on and observe any such restrictions. This presentation may not be reproduced or published, in whole or in part, for any purpose without the prior written permission of Steadfast. Prevailing current exchange rates have been used to convert local currency amounts into Australian dollars, where appropriate. All references starting with “ ” refer to the financial year ended 30 June. All references starting with “1H” refers to the financial half year ended 31 December. “2H” refers to the financial half year ended 30 June. 66