Announcement PDF ASX Announcement | 19 November 2025 Raiz Invest Limited (ASX:RZI) Chair’s Address, CEO’s Address, and CEO Presentation Raiz Invest Limited (ASX:RZI) (Company) is pleased to release the following documents to be presented at its 2025 Annual General Meeting being held at 3:00pm (Sydney time) today: ▪ Chair’s Address ▪ CEO’s Address ▪ CEO Presentation ***Ends*** Authorised for release by The Board of Directors. For further information, please contact: Raiz Invest Brendan Malone Katie Mackenzie Managing Director and CEO Investor Relations M: +61 439 339 195 M: +61 455 502 197 E: ir@raizinvest.com.au E: kmackenzie@belleviewir.com.au @raizapp Raiz Invest @raizaustralia @raizinvest Raiz Invest About Raiz Invest Limited Raiz Invest Limited (ASX: RZI) is a multi-award-winning micro-investing and fintech platform to help all Australians create wealth. Raiz pioneered the ‘Round-Up’ concept in Australia – where everyday purchases are rounded-up to the next dollar and the difference is invested into a Raiz Invest account – opening opportunities for first-time investors. Raiz is committed to enriching the financial wellbeing of all Australians. At Raiz, we believe that everyone deserves a better financial future, regardless of age, income, or experience. Our vision is simple: to enrich the financial wellbeing of all Australians by providing accessible, empowering, and smart investment options. We are on a mission to transform the way people think about saving and investing, making it easier for all Australians to take control of their financial future. Raiz – Investing Made Simple. To find out more, please visit www.raizinvest.com.au or the Investor Hub https://investorhub.raizinvest.com. Raiz Invest (ASX:RZI) ABN 74 615 510 177 Level 9, 2 Bulletin Place Sydney NSW 2000 Australia ASX Announcement | 19 November 2025 Raiz Invest Limited (ASX:RZI) 2025 Annual General Meeting - Chair’s Address On behalf of the Board, I am very pleased to report on the successful implementation of our growth strategies over the past year. We delivered strong financial results in FY25 and positive momentum in the business is clearly evident across all of our key performance metrics. As Chair for the last two years, I feel very fortunate to lead the Board and to work closely with the Raiz team as we continue to drive changes needed to position your company for a successful future. The Raiz team, is committed to improving the financial wellbeing of all Australians. We all passionately believe that everyone deserves the opportunity to build a better financial future, regardless of age, income or experience. We are actively trying to reshape the way people think about saving and investing and we are doing everything we can to make building wealth simple and accessible for everyday Australians. Last year, we stated that the primary focus of the Board would be to oversee the successful delivery of the key pillars of our strategy: • Building brand awareness and strengthening our reputation • Growing the customer base and delivering a leading customer experience • Developing new products and services that our customers value • Building and enhancing the capability of our team to deliver results, and • Managing the efficient use of capital and preparing for future opportunities I am happy to confirm that we have successfully executed across all of these strategies during FY25. We have undertaken important work to develop our brand strategy to create a compelling value and brand proposition that appeals to customers across their investment lifecycle. This strategy will be progressed and rolled out in the year ahead. We embedded new generative AI tools into our marketing strategies, which significantly improved customer conversion and retention rates. Along with the growing adoption of our higher margin products, we released Raiz Jars and refreshed Raiz Rewards which each contribute to improving customer engagement and retention. A major milestone for the business, was the strategic partnership with State Street Investment Management, the fourth largest asset manager in the world. We were very happy to welcome State Street onto our register, which demonstrates their belief in the growth potential of our business model over the years ahead. Importantly, all these initiatives taken together, grew Active Customers by 7% year on year, delivered improved profitability and positive underlying EBITDA of $2.8m These consistently improving results have seen our share price lift and continue with momentum into FY26. The foundations of the business are strong, we recently published guidance for the first time and are on track to deliver FY26 UEBITDA in the range of $4.5 to $5.5m and we continue to look for additional organic growth strategies and M&A opportunities. Right now, we are focused on scaling the business and proving the operating leverage in our model. Our strategic priorities for FY26 are to build and deliver: • Customer advocacy by delivering exceptional customer experiences; • Innovative products that customers use and value across their lifecycle, and • Partnerships that deliver shared value and scale. Our strategic priorities are enabled by smart data and scalable technology, effective capital allocation and a capable and empowered team. Raiz is proud to have delivered strong financial results and improved outcomes for our shareholders. The start to FY26 has continued this trend and we look forward to the coming year with confidence and commitment. I would like to acknowledge my fellow directors for their guidance and support in building positive momentum and improved performance and I thank them for the contribution they have made throughout 2025. On behalf of the Board, I would also like to note our appreciation for the hard work and determination of our CEO and Managing Director, Brendan Malone, and his team, who have worked tirelessly to implement the initiatives outlined above to drive top line growth and improved profitability. We would like to thank the shareholders who have been with us on this journey and also our newer shareholders who have joined us in the past year. We are confident that the best years are ahead of us 2025 Annual General Meeting - CEO’s Address It is very rewarding to present at this year’s AGM and to share the significant progress that we have made across all aspects of the business in the 12 months. In so many ways, it has been an extremely successful and positive year. Overview of FY25 Results In FY25, we benefited from the singular focus on our Australian operations, and this delivered positive results for our shareholders. Total revenue was up 15% to $24m, Active Customers were up 7% to nearly 330,000 and our Average Revenue Per User or ARPU was up 9% to just over $75. Our Funds Under Management or FUM, was up 30% to $1.8 billion with net inflows of $210m. And we significantly improved our profitability with underlying EBITDA up 147% to $2.8m. All the core metrics of the business tracked in the right direction, and this has continued into the first half of FY26. Product Innovation The effective implementation of our product development roadmap has been a major highlight. We continued to expand the investment options in our premium Raiz Plus product, we integrated the Raiz Plus product into our Super offering, we refreshed our Raiz Rewards program and launched Raiz Jars in January, which provides functionality for our customers to set and manage separate savings goals. We listen to our customers. We develop the products that make it easy for our customers to build not only financial confidence but wealth. This relentless product innovation has been recognised by the fintech industry, both in Australia and globally. We were pleased to be awarded the winner of the Canstar Innovation Excellence Awards for Raiz Plus portfolios, a finalist in Fintech Australia’s Finnies Awards for Excellence in Wealth Management and we were also named one of CNBC World’s Top Fintech Companies in 2025. Improved marketing strategies One of the big improvements in FY25 was in the execution of our marketing strategies. We accelerated the development of our data analytics capabilities and adopted AI tools to generate deeper insights. These advances enabled us to deliver highly targeted and personalised marketing messages, ensuring that customers receive information tailored to their individual goals and behaviours. We are focused on two key strategies for customer growth: winning new customers and also the re-engagement with inactive customers together with the cross- promotion of our broader product offering within our existing ecosystem. Another key change in our marketing approach in FY25 was the increased focus on strategic partnerships, to build value and minimise the overall cost of customer acquisition. The Raiz Your Game podcast has been very popular and we are working closely with the Australian Shareholders Association and other financial literacy communities to promote brand awareness and education. This targeted approach is working. Also, by improving our products and our marketing, we were able to achieve a really important shift in behaviour in our customer base as they transition from a transaction-based savings approach to a longer-term wealth focus. Maximising customer lifetime value We are building a product roadmap with products that support customers at each stage of their life journey, from Raiz Kids, through Gen Z and Millennials, and for Gen X and Boomers in retirement in order to maximise the customer lifetime value. Our customers are increasingly adopting multiple Raiz products, continuing to deposit funds through the ups and downs of the market cycle, growing their investments and staying on our platform for longer. State Street In August 2024, we announced a strategic partnership with State Street Investment Management, the asset management business of State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services. The relationship provides opportunities for new product development from ETFs through to superannuation retirement portfolios. We launched a joint campaign in September to broaden market awareness, and we continue to collaborate on new product development including retail and retirement investment products and consumer data analytics. FY26 - Raiz Lite and Fee Increase Our commitment to product innovation has continued into FY26. On 1 August, we launched a major new product offering and enhancements to our platform. Raiz Lite is a new low-cost entry plan designed specifically for first time investors and Raiz Academy is a new online education platform designed to boost financial literacy and consumer confidence, empowering Australians with practical financial knowledge. In addition, a revised fee schedule took effect on 1 August 2025, increasing the monthly maintenance fee by $1 per month for both Regular and Plus plans. In our Q1 business update, released in October, we reported that positive momentum continues with the new contemporary plan structure and fee increase, experiencing lower churn compared to previous fee increases. Pleasingly, the early data indicates the new Raiz Lite plan is acting as an effective entry point for higher- value offerings, with a higher proportion of new customers selecting the premium Raiz Plus option as their first choice. Outlook In FY26, we expect to see the benefits of operating leverage in our model as our top line grows faster than our cost base. Raiz is leading from the front due to our inhouse technology and innovative capabilities coupled with our direct relationships with our customer. We are continuing to innovate and remain focused on providing our customers with the best products to help them build wealth throughout their lifetime. I would like to thank the Raiz team for an outstanding year of delivery and execution. We strengthened our management team with new additions in Risk and Product and the team is extremely energised and motivated to deliver for our customers. Thank you to the Board for your ongoing support and to our shareholders, both existing and the new shareholders that are joining us for the first time this year. Thanks for joining us on this exciting journey to help everyday Australians build financial confidence and wealth. ***Ends*** Level 9, 2 Bulletin Place, Sydney NSW 2000 Announcement authorised by the Board of Directors Raiz Invest Limited ABN 74 615 510 177 Annual General Meeting FY25 Wednesday 19 November 2025 Raiz Invest : A wealth platform for all Australians FY25 Financial Highlights: Strong revenue growth and record UEBITDA 1. Raiz’s preferred (non-IFRS) measure to assess the operating performance of the business is Underlying Earnings Before Interest, Tax, Depreciation and Amortisation (UEBITDA), being EBITDA adjusted to exclude non-recurring items and share- based payments expense. 2. Average Revenue Per User (ARPU) is calculated as full year revenue divided by the average Active Customers during the period. This differs from the quarterly ARPU, which is based on revenue and average Active Customers within a single quarter. Q4FY25 exit run rate ARPU was $77.20. 3. Operating Cashflow from continuing operations, excluding R&D tax grant. Free cash flow (net of capex) of $0.9m (FY24: $1.1m). 4. FY26 UEBITDA earnings guidance is based on continued growth in Active Customers, FUM and Netflows, assuming no material changes in current market conditions. 14.3% Financial Metrics Core Business Drivers Revenue $24.1m 15% Underlying EBITDA1 $2.8m 147% Operating Cashflow3 $4.0m Cash $13m 54% Active Customers 329,277 7% ARPU2 $75.67 9% FUM $1.8bn 30% Netflows $210m 100% 9% 2 FY26 Earnings Guidance : Underlying EBITDA in the range of $4.5m - $5.5m 4 3 Exceptional products: Delivering innovation in fintech • Sophisticated understanding of each persona's goals, challenges and how they could benefit from Raiz products • Investing in the future with generative AI tools to personalise messaging and implement targeted marketing campaigns • Improved customer conversion and retention rates – 6% uplift in same day conversion rate in Q4 • The right message to the right customer at the right time is improving both conversion and strengthening retention 4 Superior Customer Experience: Investing in AI strategies Example 1: Young Professionals Example 2: Budget-Conscious Families 5 The opportunity: continue to grow market share Rewards Users Active Users +333k Super Users Plus Users Winning new customers* Re-engagement and cross-promotion *Source: ABS, ASX (ASX Australian Investor Study 2023). 6 Strategic Partnerships: Agile with a keen focus on marketing ROI Over 355,000 interactions with our Podcast content since launch in March 2025. Strategic Partnerships Investing in better content to engage social media “Raiz Your Game” Podcast Exceptional Products: Maximising customer lifetime value *Source: ABS, ASX (ASX Australian Investor Study 2023), Investment Trends (2023 1H Online Investing Report), IBISworld, Apple App Store (Accessed August 2022). Active Users +325k KIDS: 10% GEN Z: 14% MILLENNIAL: 51% GEN X: 20% BOOMERS: 5% EARLY CAREER UNDER 18 PAYING OFF DEBT GROWING WEALTH STARTING RETIREMENT Maximising customer lifetime value Raiz Kids Raiz Super Raiz Invest Raiz Rewards Raiz Academy Innovative Product Roadmap 7 8 Strategic Partnerships: State Street Investment Management • Global leader: State Street IM is the 4th largest asset manager worldwide • Marketing: Live campaign commenced Sept 25 - Promoting Raiz to State Street IM ’s substantial network of institutional and HNW clients in Australia • Content: Provide new financial education materials for Raiz customers through a world class knowledge hub • Products: Develop innovative offerings including new ETFs & Super retirement portfolios • Insights: Create a Raiz Customer Sentiment Index based on Raiz data and State Street IM consumer data insights • Collaboration: Ongoing review of global market trends, customer needs and new ideas 9 Positive momentum continues with new plan structure Raiz Lite Raiz Regular Raiz Plus New plan for first time investors at $2.50 per month Regular Plan $5.50 per month Plus Plan $6.50 per month • Minimal impact on existing customer base and lower churn compared to previous increases • Raiz Lite provides an on-ramp for higher value plans • Raiz Plus has seen more new customers choosing this plan Ø Proactive, personalised engagement Ø Deliver seamless end-to-end customer journeys Ø Trust and transparency Ø Nuturing wealth mindsets through education and tools Ø Innovative products & solutions that customers use and value Ø Integrated ecosystems Ø Accessibility & inclusivity Ø Performance & reliability Ø Strategic partnership with State Street Investment Management (SSIM) Ø Expand ecosystem of distribution channels Ø Build and maintain alliances that deliver value and scale Exceptional Customer Experience Innovative, Impactful products Trusted Partnerships for Growth 10 FY26: Strategic priorities Delighting the customer Solving problems with innovation Expanding reach & value FY26 Earnings Guidance : Underlying EBITDA in the range of $4.5m - $5.5m 5. UEBITDA earnings guidance is based on continued growth in Active Customers, FUM and Netflows, assuming no material changes in current market conditions. 5 11 Important notice and disclaimer This presentation has been prepared by Raiz Invest Limited (ACN 615 510 177) (RAIZ). References in this presentation to RAIZ include its group of companies and trusts. This presentation is subject to the conditions outlined below. Your receipt or viewing of the Presentation evidences your acceptance of those conditions and that you agree to be bound by them. This presentation is provided to recipients for information purposes and should be read in that context. The information in this presentation is in a summary form, does not purport to be complete, is not investment or financial product advice and is not intended to be relied upon as advice to investors or other persons or to be used as the basis for making an investment decision. Please note that, in providing this presentation, RAIZ has not considered the objectives, financial position or needs of any particular recipient. Any person considering an investment should consider whether such an investment is appropriate for their particular investment objectives, financial situation and needs, and conduct its own independent investigation and assessment including obtaining investment, legal, tax, accounting and such other advice as they considers necessary or appropriate, prior to making an investment decision. The information contained in this presentation is based on information available to RAIZ. Statements in this presentation are, unless otherwise stated, made only on the basis of information known to RAIZ as at the date of this presentation and relate in part to events that are changing. Circumstances may change at anytime. The information contained in this presentation is therefore subject to change without notice and RAIZ may, in its absolute discretion, but without being under any obligation to do so, update or supplement that information. RAIZ and its affiliates, related bodies corporate and shareholders, their respective directors, employees, officers and advisers (Limited Parties), accept no responsibility or liability whatsoever for the contents of this presentation. No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness, correctness or fairness of the information, or the opinions and conclusions contained in this presentation. No Limited Party makes any representation or warranty that this presentation is complete or that it contains all material information about RAIZ of which a prospective investor may require in evaluating a possible investment in RAIZ. To the maximum extent permitted by law, the Limited Parties disclaim all liability and responsibility (including, without limitation, any liability arising out of fault or negligence) for any direct or indirect loss or damage which may be suffered by any person through the use of or reliance on anything contained in or omitted from, or otherwise arising in connection with, this presentation and its contents, including without limitation, any liability arising out of fault or negligence on the part of any of them. RAIZ has not independently verified any of the contents of this presentation (including, without limitation, any of the information attributed to third parties). Certain statements in this presentation may constitute forward-looking statements or statements about future matters that are based upon information known and assumptions made as of the date of this presentation. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “plan”, “propose”, “will”, “believe”, “forecast”, “estimate”, “target”, “project”, “guidance” and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward looking statements. These statements are subject to internal and external risks and uncertainties, many of which are beyond the control of RAIZ, that may have a material effect on future business. No representation is made or will be made that any forward-looking statements will be achieved or will prove correct. Actual future results and operations could vary materially from the forward-looking statements. As such, undue reliance should not be placed on any forward-looking statement and RAIZ assumes no obligation to update such information. Past performance is not necessarily a guide to or a reliable indicator of future performance. Nothing contained in this presentation nor any information made available to you is, or can be relied upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future. This presentation is not a prospectus, product disclosure statement or any other disclosure document under Australian law or any other law. It does not constitute financial product advice or an offer or invitation to subscribe for or purchase any Shares or an offer for subscription or purchase of any Shares nor is it a solicitation to engage in or refrain from engaging in any acquisition of Shares or other associated derivatives transaction nor will anything contained in it form the basis of any offer, contract or commitment. This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities in RAIZ in any jurisdiction. In particular, this presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The distribution of this presentation in jurisdictions outside of Australia may be restricted by law. Persons who come into possession of this presentation who are not in Australia should seek independent professional advice and observe any such applicable restrictions. Neither this presentation nor any copy of it may be transmitted or released in the United States or distributed, directly or indirectly, to any person in the United States. By accepting this presentation, the recipient agrees to comply with these restrictions. This presentation contains certain pro forma and non-IFRS financial information. Such financial information has not been prepared in accordance with disclosure requirements of applicable accounting standards and other mandatory reporting requirements in Australia. All references to dollars, cents or $ in this presentation are to AUD currency, unless otherwise stated. 27 Investor and media enquiries: Brendan Malone Managing Director and CEO M: + 61 439 339 195 E: ir@raizinvest.com.au Katie Mackenzie Investor Relations M: +61 455 502 197 E: kmackenzie@belleviewir.com.au (ASX:RZI)