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28 August 2026 ASX Announcement Shine Justice Ltd (SHJ) FY26 Results Presentation Attached is Shine Justice Ltd’s full year results presentation for the financial year ended 30 June 202 6. Authorised for release by the Board Annette O’Hara Company Secretary aohara@shine.com.au Shine Justice For more information Carolyn Barker AM, Group Chief Financial Officer +61 07 3006 6027 Marc Devine, Chief Financial Officer +61 07 3837 8449
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S H I N E J U S T I C E L T D | A S X : S H J FY26 Full Year Results INVESTOR RESULTS PRESENTATION - AUGUST 2026 For Financial Year Ended 30 June 2026 50 years serving the community.
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Shine Justice Ltd | FY26 Full Year Results Summary Information This presentation contains summary information about Shine Justice Ltd (ASX: SHJ) and its controlled entities for the year ended 30 June 2026. It should be read with the FY26 Financial Report, Appendix 4E and the Company's ASX announcements. Not Financial Product Advice The information is general in nature and is not financial product, investment, legal or tax advice. It does not consider any person's objectives, financial situation or needs and is not a recommendation to acquire SHJ securities. Forward-looking Statements Statements about strategy, outlook and future performance are forward-looking and subject to risks, uncertainties and assumptions outside the Company's control. Actual results may differ materially and are not guaranteed. Non-IFRS Financial Information EBITDA, cash contribution and net work in progress are non-IFRS / operating measures used by management to assess performance. They are unaudited and should not be viewed in isolation from the statutory results. Past Performance and Currency Past performance is not a reliable indicator of future performance. All figures are in Australian dollars and may be subject to rounding. No Liability To the maximum extent permitted by law, neither Shine or any of its shareholders, directors, officers, agents, employees or advisers accepts, and each expressly disclaims, any liability, including without limitation any liability arising from fault or negligence, for any errors or misstatements in, or omissions from, this presentation or any direct, indirect or consequential loss arising from the use of this presentation or its contents or otherwise arising in connection with it. Notice & Disclaimer IMPORTANT 2
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Shine Justice Ltd | FY26 Full Year Results Who We Are Shine Justice Ltd (ASX: SHJ) is an ASX- listed Australian legal group and the parent of Shine Lawyers, one of the nation's largest plaintiff law firms. We help everyday people and communities access justice through a predominantly no-win-no- fee model across two operating segments — Personal Injury and Class Actions — with a growing New Zealand and international mass-torts capability. Our History This year marks 50 years of Shine — from a single regional practice to a national plaintiff law group, standing up for everyday Australians for five decades. Shine Justice ABOUT US 3 $209.2m FY26 revenue up 2.3% on FY25 $12b+ Damages recovered For more than 233,000 clients since inception $366.6m Net work in progress case-investment pipeline ~900 staff, 50+ offices People & locations Large domestic and evolving international presence
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Shine Justice Ltd | FY26 Full Year Results 1. Earnings before interest, tax, depreciation and amortisation (EBITDA) is a non -IFRS measure. Reconciliation of Adjusted Results INCOME STATEMENT 4 A$m FY26 Statutory Adjusting items FY26 Adjusted FY25 Adjusted Change Revenue 209.2 11.2 220.4 204.4 7.8% Other income 0.2 - 0.2 1.5 (83.3%) Operating expenses (177.7) 1.8 (175.9) (166.6) 5.6% EBITDA 31.7 13.0 44.7 39.3 13.7% Interest expense (7.9) - (7.9) (9.2) (14.1%) Depreciation and amortisation expense (13.6) - (13.6) (16.0) (15.0%) Net profit before tax 10.2 13.0 23.2 14.1 64.5% Tax expense (3.5) (3.9) (7.4) (4.4) 68.2% Net profit after tax 6.7 9.1 15.8 9.7 62.9% Earnings per share – basic (cents) 5.74 5.45 11.19 5.96 87.8% $11.2 million increase in the constraint carried against revenue on a legacy class action. Revenue $1.8 million write down on the recoverability of disbursements on a legacy class action. Operating Expense – FY26 The FY25 adjusted result includes the reversal of $9.6m non-cash fair-value loss on deferred consideration. Operating Expense – FY25 1
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Shine Justice Ltd | FY26 Full Year Results $220.4m Adjusted revenue ▲ up 7.8% (FY25: $204.4m) $44.7m Adjusted EBITDA ▲ up 13.7% (FY25: $39.3m) $15.8m Adjusted NPAT ▲ up 62.9% (FY25: $9.7m) 11.19c Adjusted basic earnings per share ▲ up 87.8% (FY25: 5.96c) $19.0m Operating cash flow ▬ FY25: $19.5m $366.6m Net work in progress ▲ up 0.9% (FY25: $363.5m) 1. EBITDA and net work in progress are non-IFRS measures. 1 FY26 FINANCIAL SNAPSHOT 5
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Shine Justice Ltd | FY26 Full Year Results Personal Injury $36.6m EBITDA Up 18.4% (FY25: $30.9m) $180.9m Revenue (FY25: $166.3m) Core damages-based plaintiff practice — motor accidents, workers' compensation, public liability, medical law, abuse law and dust diseases. Class Actions $8.2m ADJUSTED EBITDA Up 6.5% (FY25: $7.7m) *Excludes $11.2m constraint increase and a $1.8m fair value loss on disbursements on legacy matter $39.4m Adjusted revenue (FY25: $38.1m) Growing practice spanning class actions and international mass torts, with expanding capability in New Zealand and Thailand. • 47 PI offices and 540+ PI staff • 8.5% market share in a fragmented market • 73.2% of the market held by second- and third-tier firms • Operating across six Shine offices and 100+ staff • Significant WIP pipeline underpinning future earnings • International expansion underway * Personal Injury Growth Offset By Legacy Class Action Impacts SEGMENT PERFORMANCE 6 1 1. IBISWorld - Personal and Workplace Injury Lawyers in Australia – Nov 2025 1
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Shine Justice Ltd | FY26 Full Year Results Revenue Adjusted revenue up 7.8% to $220.4m — led by Personal Injury (+8.8%) and a 3.4% increase in Class Actions. Legal work per fee earner increased during the year as a result of a stabilised workforce. Toward Normalised Earnings No fair-value loss on deferred consideration this year (FY25: $9.6m non-cash loss) however the statutory result absorbed $13.0 million in write downs of revenue and disbursements on a legacy class action. Management remains focused on sharpening execution to deliver efficient legal services and strong client outcomes, while driving consistent earnings growth. Staff Retention Staff turnover reduced during the year, positioning Shine as an employer of choice within the industry. Cash Generation Operating cash flow of $19.0m held broadly stable with the prior year. Increase in fees billed during the year for Personal Injury as a result of higher quantum matters settling. Class actions improved fees billed due to an increase in the number of matters settled during the year. Earnings Recovery Adjusted NPBT up to $23.2m (FY25: $14.1m); Adjusted NPAT $15.8m up from $9.7m in FY25; Adjusted Basic EPS 11.19c (FY25: 5.96c). Results Drivers PERFORMANCE 7
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Personal Injury Our Foundation
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Shine Justice Ltd | FY26 Full Year Results National scale, improved productivity and disciplined execution supported revenue and margin growth. $180.9m Revenue $36.6m EBITDA 4,000+ Clients compensated $800m+ Damages secured 5,900+ New files opened • Disciplined delivery and turnaround of lower performing business units and several growth strategies successful. • Improved efficiency in both legal work per fee earner and recovery rates, with the highest fees billed on record. • FY26 growth strategies reflected in increase in new file fees for specific branches. • 180 files acquired with opportunity for more. • Lower turnover supported improved productivity. Personal Injury: Scorecard PERSONAL INJURY 9
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Class Actions and International Mass Torts Our Growth Market
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Shine Justice Ltd | FY26 Full Year Results One of Australia’s largest practices. Addressing historical matters while strengthening the operating model for future growth. $39.4m Adjusted revenue $8.2m Adjusted EBITDA 26 Active matters 22 Investigation matters Robust pipeline of prospects, investigations progressing to active matters • A year focused on structure and strategy, laying the foundations for future upside. • Stronger matter-selection discipline • Earlier recoverability review • Tighter portfolio governance • Greater focus on investigation-to-filing velocity • Legal work per fee earner improved during the year, a focus of the practice. • Six in-principle settlement agreements reached for a total of over $290 million. • First class action win in New Zealand. Class Action: Scorecard CLASS ACTION 11 $35.0m $38.1m $39.4m $8.3m $7.7m $8.2m - $25.0m $50.0m FY24 FY25 FY26 Adjusted Revenue & Adjusted EBITDA Trend CA Adjusted Revenue CA Adjusted EBITDA
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Shine Justice Ltd | FY26 Full Year Results PORTFOLIO HIGHLIGHTS ~48 Open Matters Diversified across seven sectors: financial services, First Nations/social justice, shareholder, consumer, employment, medical and environmental. Concentration risk actively managed through sector breadth. Pipeline Momentum Strong referrals from US hub driving new pipeline. Mix of filed actions and matters under investigation — investigations convert to revenue upon filing. FY26 Adjusted revenue $39.4m class action revenue in FY26. Portfolio funding discussions well progressed. MAJOR WINS — FY24 TO FY26 NT Stolen Wages Up to $202m settlement on behalf of Aboriginal and Torres Strait Islander peoples — landmark First Nations outcome. WA Stolen Wages Up to $180.4m — Federal Court approved. Combined $380m+ in Stolen Wages compensation across both matters. Colonial First State In-principle $140m settlement (Nov 2025) — super insurance class action against Colonial First State, Colonial Mutual Life and AIA Australia. QSuper & EML Payments $67m QSuper settlement; $37.3m EML Payments shareholder class action — consistent delivery across sectors. PIPELINE BY SECTOR Open matters across seven sectors — filed actions and matters under investigation. Financial Services leads filed actions (7); Consumer and Medical hold the largest under-investigation cohort (6 each), signalling near-term pipeline conversion opportunity. Total: ~48 open matters. 0 5 10 15 Financial Services Shareholder Employment Consumer First Nations/Social Justice Medical Environmental 7 5 3 5 2 3 1 0 2 2 6 4 6 2 Filed actions Investigations Class Action: Upside Opportunity in a Deep Pipeline CLASS ACTION PIPELINE $380m+ in Stolen Wages compensation secured across NT and WA matters — the defining landmark outcome of the FY24–FY26 period. 12
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Shine Justice Ltd | FY26 Full Year Results Asia Spoke AUS Spoke NZ Spoke USA Hub Competitive positioning Our IMT strategy offers a solution to the global mass tort landscape, tapping into a multi-billion dollar market with a highly scalable operational framework. Strong financial impact Projected to be a driver of long-term revenue growth and profitability starting from FY26 onwards, with potential from large claim values. Litigation funding minimises balance sheet risk. Mitigated risk factors Jurisdictional challenges are mitigated by deep expertise and robust legal counsel. Case duration and funding are managed through strong funder relationships and rigorous case selection. Leveraging Strategic Reach INTERNATIONAL • Source large US Mass Torts (Hub) • Export to international spokes • Source Funding • Litigate & resolve 13
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Strategy & Growth Technology and capital strategy
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Shine Justice Ltd | FY26 Full Year Results Roadmap FY25–FY28 Where We Are Now Established in FY25 to identify, govern and deploy practical AI capabilities across the business. During FY26, Shine expanded the use of AI across legal, operational and corporate functions. Implemented an enterprise AI governance framework supporting the responsible procurement, development and deployment of AI technologies, managing risk and supporting regulatory compliance. Established the foundational platform for the development and deployment of workflow automation and AI agents across legal, operational and corporate functions, enabling scalable future automation. Salesforce remains core to client engagement and intake, now enhanced with AI capabilities across enquiry management, client service, and operational efficiency Established the foundational data platform for enhanced reporting, analytics and future AI capabilities across the business. Commenced implementation of a unified people and payroll platform to modernise workforce management, improve employee experience and enhance workforce data and reporting. Technology: Progressing the Strategy TECHNOLOGY Phase Year Key Milestones Expected Outcome Foundation FY25 Emerging Technology Centre established; Salesforce CRM deployed. Infrastructure in place Proof of Concept FY26 AI governance framework implemented; AI capabilities deployed across legal and business operations; Data Platform established; AI tools and agents introduced. Improved productivity, insights and operational efficiency Acceleration FY27 AI-enabled workflows expanded across the matter lifecycle; increased automation of administrative and operational processes; data-driven decision support embedded. Sustainable productivity and service improvements Maturity FY28 Enterprise AI workflows and agentic capabilities supporting legal, operational and client service functions. Improved scalability, client outcomes and operating leverage 15 Emerging Technology Centre AI Guardrails & Governance Agentic and Automation Platform Client Intake Platform Data Platform People Platform
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Shine Justice Ltd | FY26 Full Year Results Financial Position BALANCE SHEET & CAPITAL $259.7m Net assets down 0.6% (FY25: $261.3m) $12.5m Cash & equivalents FY25: $18.1m $86.3m Net debt (incl lease liabilities) Up 6.5% on FY25 $366.6m Net work in progress up 0.9% on FY25 $119.7m of financing facilities with $41.4m headroom; market-rate facility runs to March 2028. Group complied with all banking covenants. Franking credits of $6.1m available at 30 June 2026 (FY25: $4.4m), supporting the continuation of franked dividends. Net debt $86.3m (FY25: $81.0m); operating cash forecast to increase as work in progress realised as fees billed. 16 Funded & Compliant Franking Capacity Disciplined Capital Use
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Shine Justice Ltd | FY26 Full Year Results Capital Management: Disciplined Returns CAPITAL MANAGEMENT Balancing shareholder returns with continued investment in growth 2.5¢ FY26 fully franked final dividend Per share fully franked total dividend for FY26 4 cents per share $6.1m Franking credits As at June 2026, providing tax-effective returns 3.87m Shares bought back in scheme ended September 2025. On-market buy-back C A P I T A L A L L O C A T I O N F R A M E W O R K 2.5c fully franked final dividend declared for FY26 (payable October 2026); commitment to fully franked dividends maintained. On-market buy-back program has seen 3.87m shares cancelled over the total life of the scheme. Emerging technology centre, international expansion and personal injury file acquisitions - balanced against shareholder returns and financial flexibility. Class action funding arrangements progressing – this will reduce timing risk while enabling portfolio growth. Dividends Share Buy -back Growth Investment Portfolio Funding 17
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Shine Justice Ltd | FY26 Full Year Results Strategy & Growth Agenda STRATEGY & GROWTH Scale Personal Injury • Maintain productivity and recoverability momentum • Grow suitable file volumes • Pursue disciplined acquisition opportunities • Improve conversion and branch performance Build the Class Action Engine • Increase investigation-to-filing velocity • Improve matter selection and governance • Advance external funding arrangements • Progress Australian, New Zealand, Thailand and other international opportunities. Improve Cash and Efficiency • Convert work in progress into billed fees and cash • Scale technology-supported workflows • Maintain cost and capital discipline • Preserve facility and covenant headroom FY27 Outlook Personal injury momentum is expected to continue, with FY26 improvements in legal work per fee earner, write-offs, fees billed, and resolution quantum carrying into FY27. The Group will also continue to pursue acquisitions where they align with its strategic plan. Class actions to focus on filing more matters and increasing investigation to filing velocity. Litigation funding for matters or a portfolio of matters to be progressed and finalised. International Mass Torts hub to continue to source and develop matters for Australia, New Zealand, Thailand and other jurisdictions across the globe. FY26 delivered growth in the personal injury and class action segments, offset by a write down on a legacy class action. For FY27, the Group is expecting to see growth in both the personal injury and class action segments in profitability alongside an increase in group cashflow. Shine enters FY27 focused on sustaining Personal Injury momentum, strengthening Class Actions earnings quality and increasing Group cash conversion. 18
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Shine a light on injustice. A stronger FY26 result — higher revenue, materially improved earnings and a well-funded balance sheet. INVESTOR & MEDIA CONTACT: Marc Devine Chief Financial Officer & Company Secretary Phone: +61 7 3837 8449 www.shinejustice.com.au | ASX: SHJ This presentation contains summary information about Shine Justice Ltd for the financial year ended 30 June 2026. It is gener al in nature, does not constitute financial product or investment advice, and should be read together with the FY26 Financial Report, Appendix 4E and the Company's ASX announcements. Certain statements are forward -looking and subject to risks and uncertainties; actual results may differ materially. Figures are in Australian dollars and may be rounded. EBITDA, Cash Contribution and net work in progress are non-IFRS / operating measures.
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AP P E N D I X Income Statement, Cash Flow and Balance Sheet Financial Summary
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Shine Justice Ltd | FY26 Full Year Results A$m FY26 FY25 Revenue 209.2 204.4 Other income 0.2 1.5 Total revenue & income 209.4 205.9 Employee benefits expense (126.2) (121.6) Other operating expenses (51.5) (45.0) Fair value loss - deferred consideration - (9.6) EBITDA 31.7 29.7 Depreciation & amortisation (13.6) (16.0) Finance costs (7.9) (9.2) Profit before income tax 10.2 4.5 Income tax expense (3.5) (4.4) Profit for the year 6.7 0.1 Consolidated Income Statement INCOME STATEMENT 21 Personal Injury revenue increased by 8.8% driven by higher legal work per fee earner, fewer write-offs and improved recovery. Class action revenue growth increased by 3.4% offset by $11.2m of an increase on revenue constraint on a legacy matter. Revenue growth Employee expenses rose in line with inflation Operating expenses increased due to investment in emerging technology and other IT platforms. Finance costs reduced as expected reflecting the transfer of disbursement from disbursement funding to the Group debt facilities. Cost discipline NPBT $10.2m and NPAT $6.7m, with basic EPS of 5.74c. Earnings recovery
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Shine Justice Ltd | FY26 Full Year Results Operating cash flow of $19.0m, broadly in line with FY25. Increase in fees billed in both personal injury and class actions. Reduced delta between disbursement paid and disbursements recovered. Financing outflow of $21.6m includes $8.5m of dividends paid and $8.6m of lease payments. A$m FY26 FY25 Cash flows from operating activities Receipts from customers (inclusive of GST) 220.7 217.5 Payments to suppliers (inclusive of GST) (181.5) (174.4) Net disbursements recovered / (paid) (6.3) (10.2) Net interest received / (costs) (10.5) (7.2) Income taxes paid (3.4) (6.2) Net cash from operating activities 19.0 19.5 Net cash used in investing activities (3.0) (0.0) Net cash used in financing activities (21.6) (30.8) Net decrease in cash (5.6) (11.3) Cash at beginning of year 18.1 29.4 Currency translation on cash (0.0) 0.0 Cash at 30 June 12.5 18.1 Interest payments higher in the year due to the move from disbursement funding to borrowings. Consolidated Statement of Cash Flows CASH FLOW STATEMENT 22 Stable operating cash Net interest higher Disbursement investment Returns and debt
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Shine Justice Ltd | FY26 Full Year Results A$m FY26 FY25 Cash & cash equivalents 12.5 18.1 Receivables 10.9 7.3 Contract assets - work in progress 366.6 363.5 Unbilled disbursements 102.6 100.8 PP&E and other 18.3 16.6 Intangibles 43.7 46.4 Right of use assets 19.7 21.3 Financial assets at fair value 0.8 1.5 Total assets 575.1 575.5 Trade & other payables 15.6 14.1 Disbursement creditors 70.5 71.4 Borrowings 73.7 71.6 Lease liabilities 25.1 27.4 Deferred tax liability 112.9 115.2 Other liabilities 17.6 14.5 Total liabilities 315.4 314.2 Net assets 259.7 261.3 Consolidated Balance Sheet BALANCE SHEET 23 Net work in progress of $366.6m underpins future revenue. Work in progress Cash of $12.5m with borrowings of $73.7m; all covenants met. Funding position Net assets of $259.7m, broadly stable on FY25 ($261.3m). Balance sheet strength