Announcement PDF QuickFee Limited Appendix 4E For the year ended 30 June 2025 Results for announcement to the market Previous corresponding period: year ended 30 June 2024 $’000 UP/DOWN MOVEMENT % Revenue from ordinary activities 25,260 Up 24.5% Loss from ordinary activities after tax attributable to members (4,272) Down –8.4% Net loss for the period attributable to members (4,272) Down –8.4% The group has reported a loss for the period of A$4,272,000 (2024: 4,666,000), with net assets amounting to A$5,530,000 as at 30 June 2025 (2024: A$8,508,000), including cash and cash equivalents of A$13,707,000 (2024: A$13,551,000). Please refer to the ‘review of operations and activities’ on pages 2 to 11 for further explanation of the results. Additional information supporting the Appendix 4E disclosure requirements can be found in the review of operations and activities and the financial statements for the year ended 30 June 2025. Dividends No dividends have been paid, recommended, reinvested or declared by QuickFee Limited for the current financial year. No dividends of QuickFee Limited were paid for the previous financial year. The group does not operate a dividend reinvestment plan. Net tangible assets per ordinary share 30 JUNE 2025 30 JUNE 2024 CENTS CENTS 1.43 2.47 Net tangible assets per ordinary share Changes in controlled entities The following controlled entities were registered in the year ended 30 June 2025: • QuickFee Viola Financing Pty Ltd, a special purpose entity for borrowings facility purposes, registered on 5 February 2025. • QuickFee Viola Financing LLC, a special purpose entity for borrowings facility purposes, registered on 11 February 2025. There have been no other changes in controlled entities during the year ended 30 June 2025. Foreign entities All foreign entities have adopted the same accounting standards as the Australian parent entity. Audit The financial statements have been audited by the group’s independent auditor without any modified conclusion, disclaimer or emphasis of matter. QuickFee Limited / Appendix 4E 2025 PAYMENTS, FINANCING AND A/R AUTOMATION FOR PROFESSIONAL SERVICES FIRMS Annual Report 2025 QuickFee helps professionals automate and accelerate Accounts Receivable and grow their business. CONTENTS 1. Letter from the Chair 2. Review of operations and activities 12. QuickFee is a market-leading payments, financing, and Accounts Receivable (A/R) automation provider for professional services firms, including 40% of the INSIDE Public Accounting (IPA) Top 300 in the US. With multiple payment options and powerful integrations that automate the engagement-to-cash workflow, QuickFee accelerates getting invoices paid in full, resulting in increased client spend, improved cash flow, and reduced costs. Through the QuickFee payment portal, clients can pay their professional service provider with a credit or debit card, ACH/EFT transfer, or leverage QuickFee’s exclusive client financing solution to set up a payment plan over 3, 6, 9, or 12 months. With QuickFee Finance, the client can set their own pace for payments – and the firm gets paid in full, without incurring any costs. Directors’ report 37. Auditor’s independence declaration QuickFee operates in the United States and Australia and focuses on serving professional services firms with affordable and scalable solutions, backed by world-class customer service. 38. Corporate governance statement 39. + QuickFee is a leading B2B payments and automated engagement-tocash workflow solution for professional services firms, with a focus on accounting and legal. Financial statements 90. Consolidated entity disclosure statement as at 30 June 2025 91. Directors’ declaration 92. Independent auditor’s report 97. Shareholder information Back Cover. Corporate directory + QuickFee operates in Australia and the uS. QuickFee has a unique product portfolio made up of flexible payment options and engagement-to-cash workflow automation. + QuickFee has a strong and experienced management team and an engaged and aligned Board. + QuickFee aims to unlock transformational growth in the US by focusing on five key levers: QuickFee Finance, QuickFee Connect, Differentiated Technology, Strategic Alliances and Partnerships and Automation. Letter from the Chair Dear shareholders, On behalf of the Board, I am delighted to present the QuickFee FY25 Annual Report for the year ending 30 June 2025. Finance product. We have commenced legal proceedings in the US against the firm and its clients, with a view to recovering amounts that are due and payable. QuickFee delivered strong financial results in FY25, with revenue growth across all products, a decrease in operating expenses and positive underlying EBTDA of A$2.4 million, which represents a key operating milestone for the company. Despite this unexpected challenge, we are pleased with the operating performance of the US business in FY25, particularly around the increased adoption of our Connect platform, with around 127,000 invoices delivered via the Connect platform and the establishment of new, highmargin, recurring subscription revenue streams, which we expect will continue to grow in FY26 and beyond. Total revenue was up 25% on pcp to A$25.3 million, driven by an outstanding year for the Australian business with revenue up 36% to A$12.4 million and a solid performance in the US business with revenue up 15% to A$12.9 million. Total Transaction Volumes (TTV) were at record highs again in FY25, with significantly improved revenue yields in the Australian business due to the increasing proportion of higher margin disbursement funding in the Australian loan book. In accordance with our strategic plans and investment in product and technology, we are now seeing the benefits of having successfully built Connect, with a steadily growing recurring revenue stream added to both our Finance and Pay Now revenues. As more CPA firms in the US adopt our e-invoicing and online payments offerings we expect to see continued strong growth from both our current QuickFee customer base, as well as new customers in our pipeline. With prudent cost controls in place QuickFee delivered savings of 12% in underlying operating expenses, from A$15.8 million in FY24 to A$13.9 million in FY25, leading to an underlying net loss in FY25 of $900k, a significant improvement from the net loss after tax of A$4.7 million in FY24. The Board and management team were disappointed to record a one-off provision expense of US$2.2 million (A$3.4 million) for credit impairment, due to one US firm defaulting on its payment guarantees for the QuickFee QuickFee Limited ABN 93 624 448 693 Over the past few months, we have seamlessly transitioned leadership of the US business from Jennifer Warawa to James Drummond, the Chief Operating Officer and 9-year veteran of QuickFee. A comprehensive review of options for a permanent replacement is continuing. We enter FY26 with positive momentum across the core business metrics and a strengthened balance sheet, following the refinancing of our debt facilities, a new term loan facility, and a A$1.532 million capital raise, including an oversubscribed Share Purchase Plan (SPP). I would like to thank the continued support of our shareholders as we build on the foundations for scalable growth in FY26. I would also like to thank the entire QuickFee team for their focus and commitment throughout the year. Our strategic growth plan is unchanged and we remain confident that the continued execution of these strategies will result in profitable growth in Australia and the US. Yours sincerely, Dale Smorgon Non-Executive Chairman QuickFee Limited / Annual Report 2025 1 Review of operations and activities Accelerating profitable growth In FY25, QuickFee delivered strong revenue growth, positive underlying EBTDA1 and strengthened its balance sheet through the refinancing of its debt facilities to fund further loan book growth in the US and Australia. Total revenue was up 25% to A$25.3 million, underlying operating expenses were down 12% to A$13.9 million and underlying EBTDA (before a one-off credit loss provision expense) was positive at A$2.4 million in FY25, a significant improvement on the EBTDA loss of A$3.2 million in FY24. Over the past year, the key focus was on increasing adoption of the Connect platform, expanding the number of invoices delivered via Connect and establishing new high-margin, recurring subscription revenue streams, along with growing our existing business in the US and Australia. + Completion of refinancing facilities including an A$118 million asset-backed receivables facility and an A$5 million term loan facility. + Successful completion of oversubscribed Share Purchase Plan (SPP) to raise A$282,000 at 5cps, following an A$1.25 million placement to raise a total of A$1.532 million to fund loan book growth. US Commentary In FY25, the US revenue increased by 14% (in USD) to US$8.3 million, driven by solid growth in both US Finance revenue and US Pay Now (ACH & Card) revenue. US REVENUE (US$M) 7.3 key operational highlights 5.9 + Total of five Connect integrations with the major practice management solutions, including Practice ERP and Thomson Reuters Practice CS, the most widely used practice management solution used by QuickFee firms. + Approximately 100 firms signed up to the Connect software platform, with a further 350+ active firms using with a Connect-enabled practice management solution but not yet subscribed. + Over 127,000 invoices delivered via the Connect platform, compared to 19,000 in FY24. + Annualised Recurring Revenue (ARR) from Connect subscriptions currently at US$413,000. + Launch of new payment portal which offers expanded functionality beyond the traditional payment landing page. + Strategic partnerships with Allinial Global, IRIS Software Group, Knuula and Mango are active and contributing to firm sign-ups and TTV growth. + Growth of legal disbursement funding loan book in Australia. 2 8.3 1 4.6 3.3 FY21 FY22 FY23 FY24 FY25 US Pay Now revenue was up 13% to US$5.3 million and US Pay Now Total Transaction Volume (TTV) was up 12% to US$1,527 million, primarily driven by increased adoption of Connect and the increase in invoices delivered on the Connect platform. US Finance TTV was up 9% to US$29.1 million. Demand for QuickFee Finance remained solid in FY25, as businesses aimed to retain their cash balances and accelerate their accounts receivables collection throughout the economic uncertainty. Excluding one-off provision expense of US$2.2million (A$3.4 million) for credit impairment. Review of operations and activities Continued US PAY NOW TTV (US$BN) 1.4 US FINANCE TTV (US$M) 1.5 26.7 1.2 20.9 1.0 15.1 0.7 FY21 FY22 FY23 29.1 FY24 FY25 In FY25, the US operating expenses reduced significantly, with cost of sales down from A$1.5 million in FY24 to A$1.1 million in FY25. This reflects the implementation of the ‘direct to bank’ processing model in FY24, whereby all ACH Pay Now transactions are processed using two separate banks for processing. This has delivered more internal control over core processes, reduced ACH processing costs and provided full ACH processing redundancy, thus leading to significantly lower cost of sales in the US. FY21 16.8 FY22 FY23 FY24 FY25 In December 2024, QuickFee launched a new payment portal which offers expanded functionality beyond the traditional payment landing page. The portal allows customers to store their ACH and Card information, set up recurring payment plans, access historical invoices, set up autopay for future invoices and easily pay multiple invoices. In FY24, QuickFee announced new strategic partnerships with Allinial Global, IRIS Software Group and Knuula and these partnerships continued to progress well in FY25. QuickFee Limited / Annual Report 2025 3 Review of operations and activities Continued QuickFee connect In FY25, QuickFee’s core focus was on increasing adoption of the Connect platform, increasing invoices delivered through Connect and establishing new recurring revenue streams from a new subscription model. QuickFee Connect offers a scalable Accounts Receivable solution that is designed specifically for accounting firms with a competitive subscription pricing model. It delivers an ecosystem for firms that want to build their own tech stack with deep functionality. Connect automatically emails firms’ invoices to their clients with a link to the QuickFee portal to enable all e-invoice recipients to pay over time with QuickFee’s Finance product or pay in full via EFT/Card. By delivering up to 100% of firms’ invoices electronically and directing more of firms’ clients to pay online rather than by cheque, Connect drives both new subscription revenue streams and increases all products’ TTV. QuickFee has five Connect integrations with leading practice management solutions, including Thomson Reuters Practice CS, Wolters Kluwer CCH Access & CCH ProSystem fx, IRIS and PracticeERP. There are now approximately 100 customers on the Connect platform, with a further 350+ active firms using a Connect-enabled practice management solution but INVOICES SENT VIA CONNECT 61,000 37,000 12,000 Q1 FY25 4 17,000 Q2 FY25 Q3 FY25 Q4 FY25 not yet subscribed. In FY25, QuickFee delivered 127,000 invoices via Connect, up from 19,000 in FY24. Annualised Recurring Revenue (ARR) from subscription revenue is currently US$413,000 with the potential to grow substantially throughout FY26 and beyond. US Growth Strategy QuickFee’s strategy to unlock transformational growth in the US market is centered around five key areas, which are as follows: + QuickFee Finance. QuickFee Finance has revenue yields that are approximately 25 times those of our Pay Now offerings, all while delivering a solution to the market unmatched by any other company in the US. QuickFee Finance is instrumental in delivering transformational growth. + QuickFee connect. QuickFee Connect is a key part of our growth strategy. By integrating QuickFee Connect with the most widely used practice management solutions in the US, firms are able to unlock automation capabilities that do not exist in the practice management solution itself. Connect is the key to unlocking firm revenue not captured by QuickFee today. + Differentiated technology. While the benefits we bring to firms are incredibly compelling, those alone won’t drive transformational growth. Our goal is to turn product and development from being only a cost centre into a difference maker delivering world-class solutions, which will be critical to our strategy moving forward. + Strategic alliances and partnerships. If we want to grow QuickFee at a faster rate than ever before, acquiring firms one by one simply won’t be fast enough. By building strong partnerships with other leaders in the industry and having customer champions who are excited evangelists, we can rapidly expand our reach, drive increased awareness and acquire new customers at scale on a one-to-many basis. + Accelerate automation. Given our goal is to drive cost-effective growth, we are automating every single functional area, including sales, customer success, finance, operations, product and development. Review of operations and activities Continued AU Commentary revenue compounds, revenue is recognised on existing loans as well as new originations. The Australian business delivered another strong result in FY25, with AU revenue up by 36% to A$12.4 million, driven by a 15% increase in AU Finance TTV to A$63.7 million and a significant expansion of the revenue yield. Over the past year, QuickFee has expanded its disbursement funding (DF) business and this now accounts for around 39% of the Australian loan book. The DF product has a compounding interest model and therefore yields are higher on the DF product compared to fee funding, as there are no instalments paid. As interest The ’Q Pay Plan’ BNPL product grew strongly in FY25 with TTV up 76% to A$6.0 million. In response to the recent legislated changes requiring BNPL operators in Australia to hold an Australia Credit Licence, QuickFee has submitted an application to ASIC which is still in the process of being formally approved. In the meantime, ASIC has granted a transitional period to any applicant, which will allow the Company to continue to offer BNPL products. AU REVENUE (A$M) AU FINANCE TTV (A$M) 12.4 63.7 55.5 9.1 46.4 6.1 4.3 4.5 FY21 FY22 FY23 30.8 FY24 FY25 FY21 38.1 FY22 FY23 FY24 QuickFee Limited / Annual Report 2025 FY25 5 Financial performance QuickFee delivered another year of record Total Transaction Volumes (TTV) and revenue in FY25 across both the US and Australia. Other cost of sales decreased slightly to A$2.9 million (FY24: A$3.0 million), as substantial savings were realised in the US from a full year of cost savings from the transition to in-house ACH processing in H2 FY24, offsetting the direct variable costs in Australia which are linked to higher Pay Now transaction volumes. Revenue was up 25% to A$25.3 million for FY25 (FY24: A$20.3 million), with AU revenue up 36% to AU$12.4 million (FY24: AU$ 9.1 million) and US revenue up 15% to A$12.9 million (FY24: A$11.2 million). QuickFee reported underlying positive EBTDA of A$2.4 million (before a one-off credit loss provision expense), up A$5.7 million (FY24: loss of A$(3.2) million) QuickFee’s lending activities are funded by approximately 90% borrowings and 10% own funds. A continued higher interest rate environment throughout FY25 and larger loan books resulted in interest expense increasing to A$6.0 million in FY25 from A$4.7 million in FY24. REVENUE 6 Detailed analysis of the profitability of each product, including revenue yield, Net Transaction Margins and Gross Trading Margins are shown in the tables on the following pages. QuickFee delivered savings of 12% in underlying operating expenses, from A$15.8 million in FY24 to A$13.9 million in FY25. A breakdown of operating expense is shown below. The 12% decrease is a driven across all categories due SUMMARY PROFIT AND LOSS A$’000 FY25 FY24 YEARON-YEAR MOVEMENT US ACH (PAY NOW) 6,891 6,382 +8% US CARD (PAY NOW) 1,230 795 +55% US FINANCE (PAY LATER) 4,643 4,011 +16% CONNECT 95 - - US REVENUE 12,859 11,188 +15% AU FINANCE (PAY LATER) 10,895 7,895 38% AU PAY NOW 954 864 10% AU BNPL 552 348 +59% AU REVENUE 12,401 9,107 +36% GROUP REVENUE 25,260 20,295 +24% A$’000 FY25 FY24 YEARON-YEAR MOVEMENT GROUP REVENUE 25,260 20,295 +24% GROSS PROFIT 16,310 12,627 +29% GROSS MARGIN % 65% 62% +300bps OTHER INCOME 5 5 - OPERATING EXPENSES (13,919) (15,811) -12% UNDERLYING EBTDA 2,396 (3,179) +175% DEPRECIATION & AMORTISATION (2,482) (1,118) +122% NET FINANCE COSTS (813) (369) +120% UNDERLYING LOSS FOR THE PERIOD (899) (4,666) +81% NON-RECURRING PROVSION FOR EXPECTED CREDIT LOSS (3,373) - - LOSS FOR THE PERIOD (4,272) (4,666) +8% Financial performance Continued to a combination of further removal of non-essential costs from the business and lower management costs across sales and marketing as certain senior roles were eliminated. Product development costs reduced from FY24 to FY25 by A$0.5 million to A$3.7 million (FY24: $4.2 million) as the build of Connect integrations was largely completed during the year. A significant provision (ECL provision) was made relating to one US firm defaulting on its payment guarantees for the QuickFee Finance product. The firm operates outside the typical CPA and legal verticals that QuickFee focuses on. After a detailed review of the whole lending book, QuickFee considered this to be a one-off event. The amount (if any) ultimately recoverable from the firm and its clients remains uncertain, however the Company’s PROFIT AND LOSS BY HALF-YEAR H1 FY24 H2 FY24 H1 FY25 H2 FY25 GROUP REVENUE 9,255 11,040 11,719 13,541 GROSS PROFIT 5,707 6,920 7,589 8,721 GROSS MARGIN % 62% 63% 65% 64% OTHER INCOME 3 2 3 2 OPERATING EXPENSES (8,385) (7,426) (7,268) (6,651) EBTDA (2,675) (504) 324 2,072 (516) (602) (1,332) (173) (196) (218) (595) LOSS FOR THE PERIOD (3,364) (1,302) (1,226) 327 - - - (3,373) (3,364) (1,302) LOSS FOR THE PERIOD After the above ECL provision expense, the group reported an EBTDA improvement of A$2.2 million in FY25 to A$(1.0) million (FY24: A$(3.2) million). A$’000 FY25 FY24 YEARON-YEAR MOVEMENT GENERAL AND ADMINISTRATIVE EXPENSES 6,120 6,449 -5% SELLING AND MARKETING EXPENSES 1,855 2,381 -22% CUSTOMER ACQUISITION COSTS 2,200 2,783 -21% PRODUCT DEVELOPMENT EXPENSES 3,744 4,198 -11% TOTAL OPERATING EXPENSES 13,919 15,811 -12% (1,150) NET FINANCE COSTS NON-RECURRING PROVSION FOR EXPECTED CREDIT LOSS Net bad debt write-offs in FY25 were A$10,000, 0.01% of total lending (FY24: A$134,000, 0.14%). The provision for expected credit losses at 30 June 2025 was A$117,000, 0.2% of the total loan receivables, excluding the above specific provision of $3,373,000, totalling A$3.49 million or 5.8% (30 June 2024: A$146,000, 0.3%). OPERATING EXPENSES A$’000 DEPRECIATION & AMORTISATION maximum exposure to the firm is approximately US$2.2 million (A$3.4 million) and therefore 100% of this amount was provided for. The Board has commenced legal proceedings in the US against the firm and its clients with a view to recovering amounts that QuickFee alleges are due and payable. Excludes non-recurring provision for credit loss of $3,373,000. (1,226) (3,046) QuickFee Limited / Annual Report 2025 7 Financial performance Continued Increased depreciation and amortisation of A$2.5 million (FY24: A$1.1 million) was due to accelerated amortisation of capitalised borrowing costs as the existing debt facilities from Northleaf Capital Partners and Wingate Corporate Investments were terminated early, as the Viola Credit facility replaced these in late June 2025. Other key results comprised: + Australian segment: gross profit of A$7.2 million and EBTDA of A$4.1 million. + US segment: gross profit of A$9.1 million and underlying EBTDA of A$3.3 million, up from A$0.2 million in FY24 (statutory EBTDA for FY25 was A$(0.54) million after the ECL provision). + Group underlying loss after tax of A$(0.9) million for the FY25 year (FY24: loss of A$(4.7) million), reflecting the revenue growth, improved operating margins and a reduced cost base in FY25, that sees QuickFee well positioned for future profitability. Statutory loss after tax was A$(4.3) million. Balance sheet Net assets at 30 June 2025 were to A$5.5 million (30 June 2024: A$8.5 million). QuickFee has completed the refinancing of its assetbacked debt facilities, partnering with global alternative credit asset manager Viola Credit (“Viola”) and funding has been drawn. The asset-backed receivables financing facility (“Viola Credit Facility”) consists of a three-year A$118 million senior secured revolving credit facility, comprising initial committed amounts of A$45 million and US$15 million and with additional optional committed amounts of A$25 million and US$15 million, subject to Viola’s approval. The debt is secured over certain identified loan receivables of QuickFee’s Australian and US business. The new facility has replaced the current US$40 million Northleaf Capital Partners and the A$10 million Wingate Corporate Investments facilities. During the year QuickFee also completed a A$5 million term loan facility agreement (“Fancourt Term Loan”) with a fund of Fancourt Capital Group (“Fancourt”), a specialist financial services growth investor. The funds raised will be used to fund further loan book growth in both markets, in order to support the positive momentum in the business. Additionally in H2 FY25 the group successfully finalised a A$1.532 million capital raise, including an oversubscribed SPP of A$282,000 and a well supported placement of A$ 1.25 million, with all QuickFee directors participating. The capital raised will be used to fund further loan book growth in the US and AU, to support the positive momentum in the business. The group remains well funded with adequate liquidity and growth capacity. The strong growth in our lending has led to the loan book growing 6% to A$58.6 million at 30 June 2025, from A$55.2 million at 30 June 2024. SEGMENT RESULTS* A$’000 AUSTRALIA UNITED STATES FY25 FY24 YEAR-ON-YEAR MOVEMENT REVENUE 12,401 9,107 +36% GROSS PROFIT 7,208 5,250 +37% EBTDA 4,107 2,418 +70% REVENUE 12,859 11,188 +15% GROSS PROFIT 9,102 7,377 +23% Underlying EBTDA 3,319 217 +1,429% EBTDA (54) 217 -125% * Corporate and Unallocated Product development expenses are not included in the above segment results, please see note 1 in the financial statements for the full segment analysis. 8 Financial performance Continued AU LOAN BOOK A$M 47.2 40.4 JUNE 2024 US LOAN BOOK US $M 9.9 JUNE 2025 +17 -24 % cash and liquidity At 30 June 2025, the Company had A$6.9 million unrestricted cash on hand, with borrowing growth capacity of a further A$16.6 million from the new facilities available to fund future loan book growth. The company’s recent refinancing of its debt facilities, along with the recently completed $1.532 million capital raise (the last tranche of which was completed via shareholder approval on 22 July 2025), has substantially increased the company’s liquidity and borrowing capacity. Reported cash and cash equivalents includes A$6.8 million (30 June 2024: A$6.6 million) of cash balances 7.5 JUNE 2024 % JUNE 2025 held on behalf of the group’s customers in bank accounts that are used to process the group’s US ACH (Pay Now) transactions (these amounts are also included within the firm settlements outstanding balance in current liabilities on the balance sheet). These amounts arose for the first time in FY24 when the group commenced processing ACH transactions through its in-house ‘direct to bank’ platform, whereas it had previously used a third party payments organisation to process ACH transactions. The Company maintains its cash on hand and drawn borrowings at a minimum in order to reduce interest expense. CASH AND LIQUIDITY CASH AND LIQUIDITY 30 JUNE 2025 30 JUNE 2024 CASH AT BANK (A) 6.9 6.9 CASH HELD AT BANK REPRESENTING FIRMS' OUTSTANDING ACH SETTLEMENTS 6.8 6.6 TOTAL CASH AND CASH EQUIVALENTS 13.7 13.5 GROWTH CAPACITY (FURTHER BORROWINGS FACILITY HEADROOM) (B) 16.6 19.6 TOTAL AVAILABLE CASH PLUS GROWTH CAPACITY (A + B) 23.5 26.5 QuickFee Limited / Annual Report 2025 9 UNITED STATES PRODUCT TTV PERFORMANCE FY25 FY24 Q1 Q2 Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY24 ACH (PAY NOW) TTV 254 325 288 393 1,260 219 298 251 360 1,128 GROWTH VS. PCP 16% 9% 15% 9% 12% 10% 18% 18% 25% 18% CARD (PAY NOW) TTV 55 71 62 79 267 49 60 56 72 237 GROWTH VS. PCP 12% 18% 11% 10% 13% 17% 11% 10% 13% 12% FINANCING (PAY LATER) TTV 6.7 10 7.6 4.8 29.1 5.9 7.7 6.8 6.3 26.7 GROWTH VS. PCP 14% 30% 12% -24% 9% 23% 45% 36% 9% 28% CONNECT TTV 11.0 5.0 8.0 35.0 59 GROWTH VS. PCP - - - - TRANSACTIONS (#000S) 126 146 157 207 636 111 129 140 195 575 GROWTH VS. PCP 14% 13% 12% 6% 11% 12% 11% 14% 17% 14% ACTIVE MERCHANTS (#) 738 716 722 711 806 682 708 672 688 777 GROWTH VS. PCP 8% 1% 7% 3% 4% 6% 8% 1% -2% 3% TOTAL TRANSACTION VOLUMES U$M TRANSACTION AND MERCHANT NUMBERS PRODUCT PROFITABILITY SUMMARY US$000S EXCEPT WHERE STATED FY25 FY24 US$000s EXCEPT VOLUME ACH CARD FINANCE CONNECT TOTAL ACH CARD FINANCE CONNECT TOTAL VOLUMES U$M 1,260 267 29.1 - 1,556.1 1,128 237 26.7 - 1,391.7 FINANCE REVENUE (INTEREST) - - 2,829 - 2,829 - - 2,475 - 2,475 PAYMENTS AND OTHER REVENUE 4,467 796 180 - 5,503 4,182 520 155 - 4,857 TOTAL REVENUE 4,467 796 3,009 - 8,332 4,182 520 2,630 - 7,332 TOTAL REVENUE/VOLUME YIELD % 0.35% 0.30% 10.3% - 0.54% 0.37% 0.22% 9.9% - 0.53% DIRECT PROCESSING COSTS (256) - - - (256) (564) - - - (564) NET TRANSACTION MARGIN (NTM) 4,211 796 3,009 60 8,076 3,618 520 2,630 - 6,768 94.3% 100.0% 100.0% 100.0% 96.9% 86.5% 100.0% 100.0% - 92.3% (102) (18) (294) (40) (454) (123) (25) (283) - (431) - - (1,727) - (1,727) - - (1,502) - (1,502) GROSS TRADING MARGIN (GTM) 4,109 778 988 20 5,895 3,495 495 845 - 4,835 GTM/REVENUE % 92.0% 97.7% 32.8% 33.3% 70.8% 83.6% 95.2% 32.1% - 65.9% NTM/REVENUE % PLATFORM, CREDIT CHECK AND CREDIT STAFF COSTS INTEREST EXPENSE 10 AUSTRALIA PRODUCT TTV PERFORMANCE FY25 FY24 Q1 Q2 Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY24 22 22 20 29 93 18 19 16 23 76 GROWTH VS. PCP 22% 16% 25% 26% 22% 29% 27% 14% 21% 23% FINANCE (PAY LATER) TTV 15.6 16.1 14.1 17.9 63.7 11.0 14.4 13.1 17.0 55.5 GROWTH VS. PCP 42% 12% 8% 5% 15% 24% 23% 20% 14% 20% 1.2 1.6 1.6 1.6 6.0 0.6 0.8 0.9 1.1 3.4 100% 100% 78% 45% 76% 50% 100% 80% 175% 100% 19 18 15 20 72 17 15 12 16 60 GROWTH VS. PCP 12% 20% 25% 25% 41% 21% 25% 9% 14% 31% ACTIVE MERCHANTS (#) 437 431 427 490 543 406 423 411 477 530 GROWTH VS. PCP 8% 2% 4% 3% 2% 2% 3% 0% 13% 1% TOTAL TRANSACTION VOLUMES A$M EFT & CARD (PAY NOW) TTV BNPL TTV GROWTH VS. PCP TRANSACTION AND MERCHANT NUMBERS TRANSACTIONS (#000S) PRODUCT PROFITABILITY SUMMARY A$000S EXCEPT WHERE STATED A$000s EXCEPT VOLUME FY25 FY24 EFT & CARD FINANCING BNPL TOTAL EFT & CARD FINANCING BNPL TOTAL VOLUME A$M 93 63.7 6.0 162.7 76 55.5 3.4 134.9 FINANCE REVENUE (INTEREST) - 10,017 442 10,459 - 7,178 287 7,465 PAYMENTS AND OTHER REVENUE 954 878 110 1,942 864 717 61 1,642 TOTAL REVENUE 954 10,895 552 12,401