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FOR EVERY BUSINESS AUSTRALIA LOVES FY26 Full Year Results Investor Presentation 25 August 2026 1
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DISCLAIMER This presentation is provided by Tyro Payments Limited (ABN 49 103 575 042) and its controlled entities (variously, “Tyro”, “us”, “we”, “our” and “Group”) and is current at 25 August 2026. It is information given in summary form only and does not purport to be complete. It should be read in conjunction with Tyro’s periodic and continuous disclosure announcements lodged with ASX, including its financial reports. It does not constitute personal, legal, investment, taxation, accounting or financial product advice, has been prepared as general information only, and does not take into account your personal circumstances, investment objectives, financial situation, tax position or particular needs. Having regard to those matters, please consider the appropriateness of the information before acting on it and seek professional advice. No information herein constitutes an offer, solicitation or invitation to apply for securities, or any other financial product or service, or to engage in any investment activity, in any place in which, or to any person to whom, it would be unlawful to make such an offer, solicitation or invitation. This presentation contains statements that are, or may be deemed to be, forward-looking statements. To the extent the information may constitute forward-looking statements, it reflects Tyro’s intent, belief or current expectations at the above date. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, assumptions and uncertainties, many of which are beyond Tyro’s control, which may cause actual results to differ materially from those expressed or implied. Undue reliance should not be placed on any forward-looking statement and, other than as required by law, Tyro does not give any representation, assurance or guarantee thatthe occurrence of the events, results and outcomes expressed or implied in any forward-looking statement will actually occur. Subject to any continuing obligations under applicable law, we expressly disclaim any obligation to provide any updates or revisions to any forward-looking statements in this presentation to reflect events or circumstances after the above date. There are a number of other important factors that could cause actual results to differ materially from those set out in this presentation. This presentation includes unaudited financial information and “non-IFRS financial information” under ASIC Regulatory Guide 230.We consider this information provides a useful means to understand our performance, however, such information does not have a standardised meaning under the Australian Accounting Standards or International Financial Reporting Standards. Undue reliance should not be placed on it. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and no responsibility is accepted by Tyro or any of its related bodies corporate, directors, officers, employees, agents or advisers as to the accuracy, currency or completeness of any part of this presentation or for any loss or damage arising in any way from any person’s use of, or reliance on, this presentation or any information contained in it. All amounts are in Australian dollars. Figures may be subject to rounding and totals may not add due to rounding. Past performance information given in this presentation is for illustrative purposes only and should not be relied upon as, and is not, indicative of future performance. 2
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ACKNOWLEDGEMENT OF COUNTRY We acknowledge the Traditional Owners of the land on which we meet today. We pay our respects to Elders past and present. 3
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CEO UPDATE Nigel Lee Chief Executive Officer 4
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EXECUTING NEXT PHASE OF GROWTH IN $1 TRILLION PAYMENTS MARKET1 Investment is focused on our priority growth opportunities - Health, Banking, Enterprise and eCommerce CAPITALISING ON OUR UNIQUE POSITION TO WIN Growing multi-product adoption to drive higher customer economics and deliver stronger shareholder returns FY26 RESULTS: KEY THEMES MORE CASH GENERATIVE, BENEFITTING FROM INCREASED SCALE AND OPERATING LEVERAGE Met FY26 guidance, delivering stronger earnings and profitable growth 1 Source: Source: Reserve Bank of Australia – Card Payment Data 5
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TTV growth and higher banking adoption Continued improvement in operating efficiency Greater free-cash conversion from EBITDA growing on flat D&A Free Cash Flow $29.4m +49.5% Gross Profit $231.8m EBITDA $66.9m +8.6% +5.3% MORE CASH GENERATIVE AS WE CONTINUE TO BENEFIT FROM SCALE AND OPERATING LEVERAGE FY26 RESULTS: DELIVERED GUIDANCE All figures are normalised unless stated otherwise. Movements are FY26 vs FY25 unless otherwise stated 6
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~$1TN Large and underserved1 2.7m Australian SMEs2 Tyro: ~78k merchants · >$44bn TTV Significant share opportunity ONE PLATFORM Integrated and hard to replicate Payments + banking + software 580+ integrations3 Lowest cost scaleable platform (switch) Data & AI-enabled insights 44% FCF CONVERSION4 Strong profitability with improving economics 28.9% EBITDA Margin FCF +49.5% Higher value per merchant A LARGE MARKET OPPORTUNITY UNIQUELY POSITIONED TO WIN THE AUSTRALIAN PAYMENTS MARKET WHY WE WIN THE ECONOMICS EXECUTING ON OPPORTUNITIES IN $1TN PAYMENTS MARKET × INCREASED MULTI -PRODUCT ADOPTION × BETTER ECONOMICS = GREATER SHAREHOLDER VALUE 1 Source: Reserve Bank of Australia – Card Payment Data 2 Source: Australian Bureau of Statistics, Counts of Australian Businesses, including Entries and Exits, July 2021–June 2025; ASBFEO Small Business Data Portal. 3 Includes POS, PMS & other software 4 Free cash flow (before one-offs and Banking) as a % of normalised EBITDA. All figures are normalised unless stated otherwise. 7
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IN FY26 WE SHARPENED OUR STRATEGY NOW WE'RE EXECUTING FY26 — WHAT WE’VE DELIVERED FY27 — WHERE WE’RE HEADING BIGGER MARKET • Allied +26%, Dental +19% • eCommerce +25% • Expanded distribution • Investing in Health, Banking, Enterprise and eCommerce • Realigned Sales teams where Tyro has the strongest right to win INTEGRATED PLATFORM • Banking accounts +34.6% • Loan originations1 +19.4% • Acquired Thriday, launched Tyro Accounting • Multi-product adoption • Data & AI • Deeper merchant relationships BETTER ECONOMICS • Profit before tax +40% • Free cash flow +49.5% • Performance in line with guidance • Reinvest for growth • Maintain operating leverage • Disciplined execution EACH PILLAR COMPOUNDS: A BIGGER MARKET, A DEEPER PLATFORM AND STRONGER ECONOMICS REINFORCING ONE ANOTHER 1 Dollar value of loans originated in the period All figures are normalised unless stated otherwise. 8
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POWERING AUSTRALIAN BUSINESS TO THRIVE CREATING MORE VALUE FOR CUSTOMERS AND SHAREHOLDERS WHAT MERCHANTS NEED PAYMENTS BANKING FINANCIAL MANAGEMENT GET PAID GROW THE BUSINESS RUN THE BUSINESS WHAT IT DELIVERS BETTER CUSTOMER OUTCOMES Simpler merchant experience Happier and more productive customers More revenue opportunities Higher Banking adoption Increased customer lifetime value Greater revenue per merchant STRONGER TYRO ECONOMICS SHAREHOLDER VALUE Stronger earnings Greater cash generation Sustainable long-term growth WHAT WE OFFER 9
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DOMESTIC CHAMPION FOR AUSTRALIA’S SMES TYRO IS UNIQUELY POSITIONED TO WIN IN AUSTRALIA LOCAL DEPTH Australian sales and support Deep vertical expertise Purpose-built for Australian businesses Advantage: local relevance and responsiveness SCALE & BREADTH ~78,000 merchants >$44bn annual TTV In-store, online, banking, lending and software Cash generation supports continued investment Advantage: enterprise-ready scale and economics DEEPLY INTEGRATED ECOSYSTEM 580+ POS, PMS and software integrations Embedded in merchants’ workflows Merchant choice and flexibility Advantage: integrated and difficult to replicate LOCAL DEPTH × DEEP INTEGRATIONS × SCALED PLATFORM = STRONGEST RIGHT TO WIN IN OUR PRIORITY MARKETS 10
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HEALTH: A HIGH-GROWTH PLATFORM OF SIGNIFICANT VALUE 01 ATTRACTIVE MARKET 02 DIFFERENTIATED PLATFORM 03 HEALTH EXPANSION AUSTRALIAN HEALTH MARKET $110bn+ Australian Health spend p.a.1 c.7% CAGR 3-year growth $7.9bn Health TTV Growing at c.2× the underlying market, demonstrating sustained market share gains. PROVEN INNOVATOR SUB-VERTICALS HEALTH IS OUR PLAYBOOK FOR GROWTH BUILT FOR HEALTHCARE WITH DEEP EXPERTISE EMBEDDED INTO A HIGHLY INTEGRATED ENVIRONMENT Allied +26%2 Dental +19%2 Vet Claiming LAUNCHED Specialist SCALING ~50bps Gross Profit Margin c.14% CAGR 3-year TTV growth General Practice LEADER Pharmacy SCALING 1 Total household spending on health goods and services in Australia, what households pay providers out of pocket excluding Medicare/government benefits and PHI premiums themselves. Source: Australian Bureau Statistics Estimates of Household Spending, by CO ICOP, June 2026. 2 FY26 vs FY25 movement in TTV Modern EFTPOS & online 125+ Practice management 60+ Insurers & funders Tyro Health Online Tyro Health Pro (EFTPOS) GapOnly vet claiming 11
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BANKING DEEPENS MERCHANT RELATIONSHIPS AND IMPROVES CUSTOMER ECONOMICS 34% FRONT-BOOK ADOPTION of new merchants chose to bank with Tyro in June PAYMENTS TRANSACTION ACCOUNT CASH FLOW LOAN MORE VALUABLE MERCHANTS +35% ACTIVE ACCOUNTS +27% DEPOSIT BALANCES +33% LOAN BALANCES Settle payments into TTA Deposits are low-cost funding for lending HIGHER LTV MULTI -PRODUCT CUSTOMERS HAVE A SIGNIFICANTLY HIGHER RETENTION LEVEL WHICH DRIVES IMPROVED LIFE -TIME VALUE 12
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WINNING WITH LARGER MERCHANTS More leading Australian businesses are choosing Tyro for integrated payments, banking and software ENTERPRISE MERCHANTS DRIVE HIGHER VOLUMES, DEEPER RELATIONSHIPS AND STRONGER LONG -TERM SHAREHOLDER VALUE . LOCALISATION INNOVATION ECOMMERCE FRANCHISE 13
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OUR INVESTMENTS HAVE UNLOCKED NEW GROWTH OPPORTUNITIES Investments in our platform have broadened our proposition and expanded where we can compete HEALTH LARGER MERCHANTS Enterprise-grade proposition Omnichannel Higher-value customers SMEs Multi-product adoption Deeper relationships Higher customer lifetime value Tailored end-to-end offering Significant growth runway in Allied, Dental, Specialist & Vet claiming Partner-led distribution FY27 IS ABOUT CONVERTING THESE CAPABILITIES INTO GROWTH ENHANCED PAYMENTS • Best-in-class Health terminals • Launched Tyro Health Pro, Pro Lite EXPANDED eCOMMERCE • Online + in-store as one • Paid however customers pay • ~Half of $1tn card spend1 NEW BANKING PLATFORM AND ACCOUNTING • Transaction accounts • Flexi Loan • Tyro Accounting STRATEGIC SOFTWARE INTEGRATIONS • Pentana and GapOnly with PetSure • 580+ POS & PMS integrations INVESTMENTS ENABLING GROWTH 1 Source: Reserve Bank of Australia – Card Payment Data 14
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Emma Burke Chief Financial Officer FINANCIAL PERFORMANCE 15
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FY26 DELIVERED STRONGER EARNINGS AND CASH GENERATION GROWTH Gross profit $231.8m +5.3% Payments TTV $44.3bn +2.9% Banking gross profit $16.5m +23.0% PROFITABILITY EBITDA $66.9m +8.6% EBITDA margin 28.9% up 87bps Normalised PBT $24.7m +40.0% CASH / CAPACITY Free cash flow +49.5% Available own funds (before regulatory req’s) $145.3m FY26 GUIDANCE GROSS PROFIT $230m–$240m EBITDA MARGIN 28.5%–30.0% All figures are normalised unless stated otherwise. 16
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CORE PAYMENTS VOLUMES CONTINUED TO GROW DESPITE MACRO HEADWINDS 1 Gross payment margin calculated as payments gross profit over total transaction value. 0.5bps improvement is FY26 vs FY25. Note: Payment gross profit and margin on normalised basis. Note: Movements are FY26 vs FY25 & are based on unrounded numbers unless otherwise stated . Gross payments margin (bps) TTV ($bn) 43.5 45.3 45.9 +0.5bps Improvement in Gross margin1 18.0 17.7 18.3 10.3 10.3 10.7 6.5 7.4 7.9 3.3 3.4 3.54.8 4.2 3.8 42.9 43.0 44.3 FY24 FY25 FY26 Hospitality Retail Health Services Bendigo Total +4.4% Growth in Tyro Core TTV (FY26 vs FY25) Core payment volumes grew 4.4% • Focused sales execution and improved merchant retention • Health growth moderated by changes to GP bulk billing, with real momentum in Allied +26% & Dental +19% • Disciplined pricing and lower scheme and interchange costs supported margins • Total TTV increased 2.9% to $44.3bn, with Core growth partly offset by Bendigo volumes PAYMENTS GROSS PROFIT $203M (+4.1%) SUPPORTED BY HIGHER PAYMENT VOLUMES 17
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BANKING ADOPTION IS DRIVING STRONG RETURNS ACTIVE BANKING ACCOUNTS (#) More merchants actively using Tyro Banking CUSTOMER DEPOSITS1 ($m) Customer balances increased as adoption grew LOAN ORIGINATIONS2 ($m) More merchants borrowing to support cash flow BANKING CONTRIBUTION Banking returns remained strong 14.5k+ 118.9 188 10,778 14,505 FY25 FY26 93.4 118.9 FY25 FY26 157.3 187.8 FY25 FY26 1 Account balances are all deposits held by merchants with Tyro, including the Tyro transaction accounts and Tyro Term Deposit. 2 Value of loans originated in the period FY26 and FY25. 3 Net return on banking shows banking gross profit (excl. fair value gain on loans) minus lending losses divided by the average total banking balances for the period. +34.6% +27.3% +19.4% 11.0% Net return on Banking3 +23.0% Increase in Gross Profit 18
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DISCIPLINED EXECUTION CONTINUES TO IMPROVE OPERATING EFFICIENCY 1 Operating expenses exclude lending and non-lending losses, normalised. 2 Operating jaws is defined as the gap between gross profit and operating expenses (excluding lending and non-lending losses). Data displayed in $millions unless stated otherwise. • Gross Profit growing faster than operating expenses • Investing for growth while improving efficiency • Operating leverage supporting stronger earnings and cash generation 148.5 193.2 210.8 220.1 231.8 136.7 147.4 150.1 152.6 159.1 Operating Jaws2 67.5 72.8 60.7 45.8 OPERATING EXPENSES AS % OF GROSS PROFIT1 76.3% 71.2% 69.3% 68.6% +5.3% +4.2% YoY growth 3-year CAGR +6.3% +2.6% 11.8 Operating ExpensesGross Profit 19
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SCALE IS TRANSLATING INTO STRONGER EARNINGS AND CASH GENERATION 1 Gross profit (normalised). 2 EBITDA and EBITDA margin (normalised). 3 Excludes $7.7m one-offs in FY24 Note: Movements based on unrounded numbers. GROSS PROFIT GROWTH Free Cash Flow ($m)EBITDA ($m) and EBITDA margin (%)2Gross Profit1 ($m) EBITDA MARGIN EXPANSION CONTINUED STRONG CASH GENERATION 210.8 220.1 231.8 FY24 FY25 FY26 +5.3% 22.7 19.6 29.4 FY24 FY25 FY26 55.7 61.6 66.9 26.4 28.0 28.9 10 12 14 16 18 20 22 24 26 28 30 0 10 20 30 40 50 60 70 80 FY24 FY25 FY26 +49.5% 3 20
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CAPITAL ALLOCATION PRINCIPLES WELL CAPITALISED 76.5% Total Capital Ratio Significantly above regulatory capital requirement STRONG BALANCE SHEET SUPPORTS OUR NEXT PHASE OF GROWTH Financial position as at 30 June 2026. 1 Return of funds to shareholders are subject to regulatory approval. LIQUID BALANCE SHEET WITH CAPACITY TO INVEST $145m Available Own Funds (before regulatory req’s) Made up of cash and financial investments HIGHLY CASH GENERATIVE 44% Free Cash Flow as % of EBITDA Adding to balance sheet strength and capacity Grow the business through internal investments, and through M&A and partnerships Improve shareholder returns through distribution of surplus capital1 Preserve balance sheet strength and meet regulatory requirements Cash generated 21
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PAYMENTS GROWTH BANKING ADOPTION OPERATING LEVERAGE Core TTV growth Improved merchant retention Health growth normalising More merchants banking with Tyro Higher deposits Lending contribution Disciplined cost management Focused investment Cash generative growth FY27 GUIDANCE GROSS PROFIT $240M–$255M EBITDA MARGIN 28.5%–30.5% FY27 OUTLOOK EXECUTING AGAINST THE OPPORTUNITIES WE HAVE UNLOCKED FY27 GUIDANCE REFLECTS CONFIDENCE IN THE EXECUTION OF OUR STRATEGY Gross profit and EBITDA margin on normalised basis. 22
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OUTLOOK Nigel Lee Chief Executive Officer 23
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WITH SIGNIFICANT RUNWAY FOR GROWTH… AND A DIFFERENTIATED RIGHT TO WIN… CAPTURING THE OPPORTUNITY FOR GROWTH KEY TAKEAWAYS WE HAVE DELIVERED A STRONG FY26 RESULT… 24
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Nigel Lee CEO Emma Burke CFO 25
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APPENDIX 26
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SUMMARY OF FINANCIAL PERFORMANCE FY26 $’000 FY25 $’000 Change % Transaction value 44,253,320 43,012,367 2.9% Revenue (normalised) 489,420 486,130 0.7% Payments direct expenses (including Bendigo Alliance gross profit share) (256,266) (264,712) (3.2%) Interest expense on deposits (1,336) (1,333) 0.2% Total direct expenses (257,602) (266,045) (3.2%) Gross profit (normalised)1 231,818 220,085 5.3% Operating expenses (excl. share-based payments and lending and non-lending losses) (159,053) (152,596) 4.2% Lending and non-lending losses (5,871) (5,906) (0.6%) Total operating expenses (164,925) (158,502) 4.1% EBITDA (normalised)2 66,893 61,582 8.6% Share-based payments expense (4,967) (3,828) 29.8% Depreciation and amortisation (35,360) (36,533) (3.2%) Impairment of intangible assets (857) (2,260) (62.1%) EBIT 25,709 18,961 35.6% Other interest expense (988) (1,307) 24.4% Profit before tax (normalised)3 24,721 17,654 40.0% Statutory items (2,421) 161 n/a Profit before tax (statutory) 22,302 17,815 25.2% Income tax (983) - n/a Profit after tax (statutory) 21,319 17,815 19.7% 1 Normalised gross profit is adjusted to reflect the Bendigo Alliance gross profit share not deducted from statutory gross pr ofit but reflected within the movement on commission liability relating to the Bendigo Alliance, and other one -off items and reclassifications. 2 Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non -cash impact of share-based payments expense, share of gains or losses from associates, the non -cash accounting impact of the Bendigo Alliance and other one -off costs and reclassifications. 3 Profit before tax (normalised) excludes the non -cash accounting impact of the Bendigo Alliance and other one -off costs and reclassifications. Note: Totals and movements based on unrounded numbers. 27
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RECONCILIATION OF STATUTORY TO NORMALISED RESULTS Normalisation adjustments $’000 unless stated otherwise FY26 Statutory Bendigo Alliance gross profit share Investment in associate Thriday and other FY26 Normalised Total revenue 489,763 (344) 489,420 Payments direct expense (247,712) (8,553) (256,266) Interest expense on deposits (1,336) (1,336) Total direct expenses (249,048) (8,553) (257,602) Gross profit 240,715 (8,553) (344) 231,818 Employee benefits expense (excl. share-based payments) (102,412) 1,578 (100,834) Licencing, hosting and communication costs (27,145) (27,145) Administrative and other expenses (16,486) 319 (16,167) Marketing expenses (8,850) (8,850) Contractor and consulting expenses (6,199) 142 (6,057) Operating expenses (161,092) 2,039 (159,053) Lending and non-lending losses (5,741) (130) (5,871) Total expenses (166,833) 1,909 (164,925) EBITDA 73,882 (8,553) 1,564 66,893 Share-based payments (4,967) (4,967) Share of gains/losses from associates 694 (694) - Depreciation and amortisation (44,026) 8,666 (35,360) Impairment of intangible assets (857) (857) EBIT 24,726 113 (694) 1,564 25,709 Other interest expense (2,424) 1,200 237 (988) Net profit before tax 22,302 1,313 (694) 1,801 24,721 Normalisation adjustments under ‘Thriday and other’ include: $1.6m for re -organisational changes; $0.2m relating to Thriday acqu isition costs; and the reclassification across lines relating to sublease interest income, FX gains and a small number of imm aterial items. Note: Totals and movements based on unrounded numbers. 28
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FINANCIAL POSITION $’000 unless stated otherwise 30 June 2026 30 June 2025 Assets Cash and financial investments1 195,841 286,045 Loans to merchants 65,255 49,118 Property, plant and equipment 44,264 51,291 Intangible assets and goodwill 90,398 87,981 Right-of-use assets 18,822 21,100 Other assets 68,169 52,026 Total assets 482,749 547,561 Liabilities Deposits 118,882 93,415 Commissions payable to Bendigo Bank 42,886 50,227 Other liabilities 72,392 177,095 Total liabilities 234,160 320,737 Equity Contributed equity 274,252 276,454 Accumulated losses and reserves (25,662) (49,630) Total equity 248,589 226,824 1 Cash and financial investments excluding equity investments. Note: Totals and movements based on unrounded numbers. 29
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FREE CASH FLOW $’000 unless stated otherwise FY26 FY25 Change Operational cash flows EBITDA 66,893 61,582 5,310 Non-cash adjustments 1,579 (875) 2,454 Capital expenditure (32,694) (32,317) (377) Rent payments (5,183) (4,761) (422) Working capital and other movements (1,241) (3,996) 2,755 Operational cash flows before one-off items 29,354 19,633 9,721 One-off operational cash flows (1,804) - (1,804) Free cash flows in the course of normal business1 (before banking) 27,551 19,633 7,917 1 Free cash flow is calculated before changes in banking funds and timing differences relating to net scheme receivables. It is calculated as EBITDA before share based payments adjusted for non -cash items in Tyro’s working capital movements, statutory adjustments (including rent payments) and capital expenditure including internally generated intangibles. Terminal capital expenditure in cludes both new and replacement terminals. Note: Totals and movements based on unrounded numbers. 30
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SUPPLEMENTARY INFORMATION: PAYMENTS Transaction Value (TTV) Merchant Count Performance by vertical FY26 $’million FY25 $’million Change % Proportion of FY26 TTV FY26 # FY25 # Change % Hospitality 18,341 17,675 3.8% 41% 15,235 16,111 (5.4%) Retail 10,684 10,282 3.9% 24% 10,437 10,479 (0.4%) Health 7,910 7,433 6.4% 18% 31,666 28,046 12.9% Service/Other 3,521 3,380 4.2% 8% 9,332 9,365 (0.4%) Tyro core 40,457 38,770 4.4% 91% 66,670 64,001 4.2% Bendigo 3,796 4,243 (10.5%) 9% 11,195 12,194 (8.2%) Total 44,253 43,012 2.9% 100% 77,865 76,195 2.2% Note: Totals and movements based on unrounded numbers. 31