ALIT Q3 2025 Earnings Presentation

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15 © 2025 Alight. All rights reserved. Reconciliation of Net Income (Loss) to Adjusted EBITDA (unaudited) Three Months Ended Nine Months Ended (in millions) September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Net Income (Loss) From Continuing Operations $ (1,055) $ (44) $ (2,145) $ (169) Interest expense 24 19 68 83 Income tax expense (benefit) (198) (9) (204) (34) Depreciation 33 27 93 83 Intangible amortization 70 70 211 210 EBITDA From Continuing Operations (1,126) 63 (1,977) 173 Share-based compensation 3 11 14 59 Transaction and integration expenses (2) 4 21 12 57 Restructuring 4 12 44 45 (Gain) Loss from change in fair value of financial instruments (19) (23) 1 (54) (Gain) Loss from change in fair value of tax receivable agreement (66) 27 (34) 51 Goodwill impairment and other (3) 1,338 7 2,323 8 Adjusted EBITDA From Continuing Operations (1) $ 138 $ 118 $ 383 $ 339 Revenue $ 533 $ 555 $ 1,609 $ 1,652 Adjusted EBITDA Margin From Continuing Operations (4) 25.9% 21.3% 23.8% 20.5% 1. Adjusted EBITDA excludes the impact of discontinued operations. 2. Transaction and integration expenses primarily relate to acquisition and divestiture activities. 3. Goodwill impairment and other primarily includes $1,338 million and $2,321 million non-cash goodwill impairment charges for the three and nine months ended September 30, 2025, respectively. 4. Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations as a percentage of revenue.

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16 © 2025 Alight. All rights reserved. Reconciliation of Net Income (Loss) to Adjusted EBITDA and Net Leverage Ratio for Trailing Twelve Months(unaudited) Twelve Months Ended September 30, (in millions) 2025 Net Income (Loss) From Continuing Operations $ (2,116) Interest expense 88 Income tax expense (benefit) (178) Depreciation 125 Intangible amortization 281 EBITDA From Continuing Operations (1,800) Share-based compensation 31 Transaction and integration expenses (1) 37 Restructuring 62 (Gain) Loss from change in fair value of financial instruments (2) (Gain) Loss from change in fair value of tax receivable agreement (51) Goodwill impairment and other 2,323 Adjusted EBITDA From Continuing Operations $ 600 Total Revenue $ 2,289 Adjusted EBITDA Margin (2) 26.2% Total Debt 2,010 Cash and cash equivalents 205 Net Leverage Ratio (3) 3.0X 1. Transaction and integration expenses primarily relate to acquisition and divestiture activities. 2. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue. 3. Net leverage ratio is defined as total balance sheet debt less cash and cash equivalents divided by the last twelve months of Adjusted EBITDA.

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17 © 2025 Alight. All rights reserved. Reconciliation of Gross Profit to Adjusted Gross Profit (unaudited) Three Months Ended September 30, (in millions) 2025 2024 Gross Profit $ 178 $ 174 Add: stock-based compensation — 3 Add: depreciation and amortization 28 23 Adjusted Gross Profit $ 206 $ 200 Gross Profit Margin 33.4 % 31.4 % Adjusted Gross Profit Margin 38.6 % 36.0 %

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18 © 2025 Alight. All rights reserved. Reconciliation of Net (Loss) Income to Adjusted Net Income & Adjusted Diluted Earnings per Share (unaudited) 1. Excludes the impact of discontinued operations. 2. Transaction and integration expenses primarily relate to acquisitions and divestiture activities. 3. Goodwill impairment and other primarily includes $1,338 million and $2,321 million non-cash goodwill impairment charges for the three and nine months ended September 30, 2025, respectively. 4. Income tax effects have been calculated based on the statutory tax rates for both U.S. and foreign jurisdictions based on the Company's mix of income and adjusted for significant changes in fair value measurement. 5. Assumes the full exchange of the units held by noncontrolling interests for shares of Class A Common Stock of Alight, Inc. pursuant to the exchange agreement. 6. Includes non-vested time-based restricted stock units that were determined to be antidilutive for U.S. GAAP diluted earnings per share purposes. 7. Excludes two tranches of contingently issuable seller earnout shares: (i) 7.5 million shares will be issued if the Company's Class A Common Stock's volume- weighted average price ("VWAP") is >$12.50 for any 20 trading days within a consecutive period of 30 trading days; (ii) 7.5 million shares will be issued if the Company's Class A Common Stock VWAP is >$15.00 for any 20 trading days within a consecutive period of 30 trading days. Both tranches have a seven-year duration. 8. Excludes approximately 1.2 million and 10.2 million performance-based units, which represents the gross number of shares expected to vest based on achievement of performance conditions as of September 30, 2025 and 2024, respectively. Three Months Ended Nine Months Ended (in millions, except share and per share amounts) September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Numerator: Net Income (Loss) From Continuing Operations Attributable to Alight, Inc. (1) $ (1,054) $ (44) $ (2,143) (167) Conversion of noncontrolling interest (1) — (2) (2) Intangible amortization $ 70 $ 70 211 210 Share-based compensation $ 3 $ 11 14 59 Transaction and integration expenses (2) 4 21 12 57 Restructuring 4 12 44 45 (Gain) Loss from change in fair value of financial instruments (19) (23) 1 (54) (Gain) Loss from change in fair value of tax receivable agreement (66) 27 (34) 51 Goodwill impairment and other (3) 1,338 6 2,323 8 Tax effect of adjustments (4) (217) (32) (256) (73) Adjusted Net Income From Continuing Operations $ 62 $ 48 $ 170 $ 134 Denominator: Weighted average shares outstanding - basic 526,576,757 535,828,896 529,206,657 545,659,335 Dilutive effect of the exchange of noncontrolling interest units — — — 560,433 Dilutive effect of RSUs — — — — Weighted average shares outstanding - diluted 526,576,757 535,828,896 529,206,657 546,219,768 Exchange of noncontrolling interest units (5) 510,115 663,057 510,115 2,189,169 Impact of unvested RSUs (6) 8,289,609 7,358,510 8,289,609 7,358,510 Adjusted shares of Class A Common Stock outstanding - diluted(7)(8) 535,376,481 543,850,463 538,006,381 555,767,447 Basic (Net Loss) Earnings Per Share From Continuing Operations $ (2.00) $ (0.08) $ (4.05) $ (0.31) Diluted (Net Loss) Earnings Per Share From Continuing Operations $ (2.00) $ (0.08) $ (4.05) $ (0.31) Adjusted Diluted Earnings Per Share From Continuing Operations $ 0.12 $ 0.09 $ 0.32 $ 0.24

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