Announcement PDF Level 9, 2 Bulletin Place, Sydney NSW 2000 Announcement authorised by the Board of Directors Raiz Invest Limited ABN 74 615 510 177 1H FY26 Financial Results 27 February 2026 Raiz Invest : Reframing wealth as a right not a privilege 339,829 Active Customers At 23 Jan 2026 $2.13 bn FUM At 23 Jan 2026 2 Raiz is a wealth platform for all Australians Our vision: A future where wealth has transformed into something everyday Australians can earn, celebrate and share Winner 2025 Canstar Innovation Excellence Awards for Raiz Plus Portfolios Finalist in 2025 Fintech Australia's Finnies Awards for Excellence in Wealth Management Winner for round-up functionality by WeMoney in 2025 Most recommended micro- investing app in the 2025 Finder customer satisfaction awards Named one of CNBC World's Top Fintech Companies 2025 Industry recognition Source: https://www.canstar.com.au/star-ratings-awards/innovation-awards/; https://www.fintechaustralia.org.au/newsroom/fintech-australia-announces-2025-finnie-award-finalists-marks-10-year-anniversary-of-the-peak-body; https://www.wemoney.com.au/wemoney-investment-awards-2025-winners; https://www.finder.com.au/finder-awards/customer-satisfaction-awards; https://www.cnbc.com/the-worlds-top-fintech-companies-2025/. 1H FY26 Financial Highlights Strong revenue growth driving improved profitability 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. Annualised Revenue Per User (ARPU) is calculated as (half-yearly revenue x 2)/(average Active Customers in the period). 3. Operating Cashflow from continuing operations. Free cash flow (net of capex) of $1.05m (1H FY25: $0.07m). Refer to Appendix on page 23. 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 $14.4m 24% Underlying EBITDA1 $2.6m 270% Operating Cashflow3 $2.4m Cash $14m 17% Active Customers 336,048 6% ARPU2 $86.45 16% FUM $2.1bn 29% Netflows $138m 30% 51% 3 Reaffirm FY26 Earnings Guidance4 : UEBITDA in the range of $4.5m - $5.5m 4 Continued momentum in core business drivers FUM ($m) Active Customers (#) • Active Customers increased 5.7% • FUM growth from net inflows plus positive market movement • Growth in FUM across all portfolios 5 Strong growth in ARPU Account based revenue5 Transaction based revenue7 5. Account based revenue includes maintenance fees & account fees (FUM based fees). 6. Further details are provided in the ASX announcement dated 1 August 2025. 7. Transaction based revenue includes advertising, netting & interest. Strong growth in ARPU • ARPU up 16.4% to $86.45 • CAGR of 13.9% over 3 years Key factors contributing to ARPU growth: • Fee increase effective August 2025 • Growth in higher revenue products (Raiz Plus and Raiz Super) • Strong inflows increasing account balances and FUM-based fees • Higher trading volumes with increased net inflows • Increase in number of portfolios per Active customer 6 Our strategic pillars 1 Innovative, Impactful Products 2 Trusted Partnerships for Growth 3 Exceptional Customer Experience Building advocacy through putting customers at the heart of what we do • Customer advocacy • Improve conversion & retention • Improve Net Promotor Score • Improve Customer satisfaction Delivering products that customers use and value • Commitment to customer-centric innovation • Product to improve cross-sell • Delivery of ambitious product roadmap • Award-winning products and platform Building and maintaining alliances that deliver shared value and scale • Deepen partnership with SSIM • Expand ecosystem of strong distribution channels • Forge new strategic alliances that enhance capability and market presence • Leverage data and insights to strengthen partner performance 7 Exceptional Customer Experience: AI driven customer experience in 2026 1 AI-Enabled Digital Onboarding Embed Raiz app into ChatGPT and other AI ecosystems with MCP white label solution - faster onboarding, enhanced suitability checks, compliance-first → Improved customer experience 2 AI-Enhanced Raiz Rewards Identify and deliver more merchant-linked savings opportunities to maximise cash back invested for customers → Maximise cash back invested 3 AI-Personalised Coach Create conversational assistant that takes action (with consent) - adjusting round-ups, moving surplus cash to jars and goals → Improved customer experience Innovative, Impactful Products: increasing share of wallet 14.3% 8 Kids FUM ($m) • Active Portfolios per Active Customer increased from 1.2 in June 2024 to 1.4 in January 2026, up 17% over last 18 months • Reflects strong uptake of new products (Raiz Kids & Raiz Jars) leading to increased engagement and retention Active Portfolios growing faster than Active Customers Plus FUM ($m) Active Customer: Fee paying customers Active Portfolio: Separate portfolios held under Active Customers e.g.: Adults account may hold a Kids Portfolio and a Jar Portfolio 9 Innovative, Impactful Products: Award-winning innovation in fintech 10 Innovative, Impactful Products: Ambitious product roadmap for 2026 Target Q4 FY26 Instant Payments Enhanced user experience with faster, real-time trading capabilities — our nearest-term delivery Target Q1 FY27 Direct ASX Trading Single HIN infrastructure development underway, enabling direct ownership and greater flexibility Target Q2 FY27 US-Listed Equities Direct access for customers to invest in US-listed markets from within the Raiz platform B E N E F I T S I N V E S T O R S Maximise customer lifecycle value Deepen existing customer engagement Attract new customers Diversify transaction revenue D E L I V E R I N G F O R O U R C U S T O M E R S Key Priorities 11 Trusted Partnerships for Growth: Delivering shared value and scale The use of brand names and/or logos is for educational purposes only. All trademarks and registered trademarks are the property of their respective owners. Their use does not suggest a direct affiliation with or endorsement by them. Half-Year Results: 31 December 2025 1H FY26 Financial Results 13 Strong revenue growth driving improved profitability $’000 1H FY26 1H FY25 % vs 1H25 Revenue 14,379 11,604 24 Operating expenses (11,770) (10,898) (8) UEBITDA 2,609 706 270 Underlying EBITDA Margin (%) 18% 6% +12% Profit/(loss) before income tax 838 (1,021) 182 Tax benefit 2,681 74 3,523 UNPAT 3,519 (947) 472 To be read in conjunction with the Financial Report for the period ended 31 December 2025 and Appendix on page 23. • Revenue increased by 24% to $14.4m • Operating Expenses increased by 8% • Employee benefits expenses increased by 21%, driven by an increase in headcount, reflecting continued investment in building capability and capacity across product, technology compliance and data functions • Other expenses and professional fees increased by 20%, mainly reflecting investment in a new CRM platform, expenditure to build future data and product development capacity, and corporate advisory costs for M&A • UEBITDA of $2.6m, up 270% with UEBITDA margin of 18%, an increase of 12% Growth in UEBITDA was driven by: • 5.7% increase in Active Customers • 16.4% increase in ARPU • Positive jaws - Revenue up 24% vs Costs up 8% Recognition of Deferred Tax Assets (DTA) in respect of accumulated tax losses reflects assessment that it is now probable that certain accumulated tax losses will be recovered through future taxable profits. 14 Transitioned into structural profitability UEBITDA Dep’n & Amort. Share-based Payments Interest NPBT Tax NPAT 15 Improved operating and free cashflow $’000 1H FY26 1H FY25 % vs 1H25 Operating cash flows 2,360 1,559 51 Development costs (Capex)8 (1,312) (1,488) 12 Free cash flows (FCF) 1,048 71 1,376 Operating cash flows (discontinuing operations) - (1,234) 100 Other Investing cash flows - (191) 100 Capital raising proceeds - 3,911 (100) Other financing cash flows (108) (274) 61 Net increase in cash and cash equivalents 940 2,283 (59) Cash at end of the period 13,967 12,039 16 • Operating cash flow: $2.4m (1H FY25: $1.6m) up 51%, representing a cash conversion ratio of UEBITDA of 91% (1HFY25: 221%) • Development costs (Capex): $1.3m (1H FY25: $1.5m), down 12% • Free cash flow: $1m (1H FY25: $71k) driven by improvement in underlying profitability, up significantly YOY • Cash of $14m materially exceeds minimum regulatory capital requirements with no interest-bearing debt (1H FY25: $12m) 8. Capex is predominantly development costs of platform products. To be read in conjunction with the Financial Report for the half year ended 31 December 2025. Half-Year Results: 31 December 2025 Outlook Opportunity 17 The opportunity: Acquire new customers and engage existing customers Acquire new customers* Re-engagement and cross-promotion *Source: ABS, ASX (ASX Australian Investor Study 2023). Active Customers 339k Plus Plans Reward Users Super Users Opportunity Opportunity Kids Portfolios Opportunity Jar Portfolios Opportunity 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). 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 18 Raiz Kids Raiz Invest Super Raiz Invest – Lite, Regular, Plus and SMSF Accounts Raiz Rewards Raiz Academy Ambitious Product Roadmap – US-listed equities, Direct ASX trading, instant payments plus MORE Raiz Jars AI Driven customer experience enhancements 19 Executing our strategic priorities 1 Innovative, Impactful Products US-listed equities Direct ASX trading Instant payments Enhancing data architecture 2 Trusted Partnerships for Growth State Street Investment Management — working on combined product roadmap Working with KFC to promote financial literacy to all KFC employees Expanded ecosystem of distribution channels 3 Exceptional Customer Experience AI-Enabled digital onboarding AI-Enhanced Raiz Rewards AI-Personalised Coach Upgrade customer support toolkit to enable faster query resolution 20 A compelling investment thesis Profitable Transitioned to structural profitability • Steady revenue growth • Improving unit economics • Disciplined cost management • Proven track record Scalable Digital-First Platform • Large total addressable market • Low marginal cost platform • Strong operating leverage • Automated infrastructure Funded for Growth Solid Cash Position • Clear product roadmap • Strong tech innovation • High capital efficiency • Strong Management 21 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. 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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. Full Year Results: 30 June 2025 Appendix 31-Dec-25 31-Dec-24 1H26 vs 1H25 31-Dec-25 30-Jun-25 1H26 vs 2H25 1HFY26 1HFY25 % 1HFY26 2HFY25 % Active Customers 336,048 317,995 5.7% 336,048 329,277 2.1% ARPU ($) 1 86.45 74.29 16.4% 86.45 77.02 12.2% Total FUM ($m) 2,065 1,607 28.5% 2,065 1,821 13.4% Netflows ($m) 138 106 30.2% 138 104 32.7% Market movement ($m) 106 105 1.0% 106 110 (3.6%) Average account balance ($) 6,145 5,054 21.6% 6,145 5,530 11.1% Revenues ($'000) 14,379 11,604 23.9% 14,379 12,463 15.4% Operating Expenses ($'000) (11,770) (10,898) (8.0%) (11,770) (10,338) (13.9%) Underlying EBITDA ($'000) 2,609 706 270% 2,609 2,125 22.8% Underlying EBITDA Margin (%) 18.1% 6.1% 12.0% 18.1% 17.1% 1.0% Share-Based Payments ($'000) 2 (176) (82) (115%) (176) 6 (3033%) Depreciation & Amortisation ($'000) (1,538) (1,232) (24.8%) (1,538) (1,372) (12.1%) Finance cost ($'000) (57) (48) (18.8%) (57) (68) 16.2% Non-recurring items ($'000) 3 - (365) 100% - - - Underlying NPBT ($'000) 838 (1,021) 182% 838 691 21.3% Income tax benefit ($'000) 4 2,681 74 3523% 2,681 187 1334% Underlying NPAT ($'000) 3,519 (947) 472% 3,519 878 301% Net loss from discontinued operations ($'000) 3 - (296) 100% - - - Statutory NPAT ($'000) 3,519 (1,243) 383% 3,519 878 301% FX differences ($'000) 3 - 136 (100%) - - - Total comprehensive profit/(loss) ($'000) 3,519 (1,107) 418% 3,519 878 301% Effective Tax Rate (%)5 (320%) N/A - (320%) (27%) - 1 Annualised Revenue Per User (ARPU) is calculated as (half-yearly revenue x 2)/(average Active Customers in the period). 2 In 2HFY25, expenses previously recognised are reversed when options or rights are forfeited before vesting for not meeting service or non-market performance conditions. 4 The income tax benefit arises from the recognition of a deferred tax asset on accumulated tax losses that were not recognised in prior periods. 5 The effective tax rate is negative for 1HFY26 and 2HFY25 due to income tax benefit; and not meaningful for 1HFY25 as the Group reported a loss before tax. Growth Indicators and Key Financial Metrics Appendix 1 – 1HFY26 Financial Results Presentation 3 Non-recurring items. 31-Dec-25 31-Dec-24 1H26 vs 1H25 31-Dec-25 30-Jun-25 1H26 vs 2H25 1HFY26 1HFY25 % 1HFY26 2HFY25 % Total Staff - closing FTE (full time equivalent basis) 42 31 35.5% 42 35 20.0% Employee Benefits Expense ($'000) (3,706) (3,062) (21.0%) (3,706) (3,111) (19.1%) Capex ($'000) (1,312) (1,488) 11.8% (1,312) (1,616) 18.8% Earnings Per Share (EPS) Underlying EPS - Basic (cents) 6 0.8 (0.9) 189% 0.8 0.8 0.0% Underlying EPS - Diluted (cents) 6 0.8 (0.9) 189% 0.8 0.8 0.0% Statutory EPS - Basic (cents) 3.3 (1.2) 375% 3.3 0.9 267% Statutory EPS - Diluted (cents) 3.3 (1.2) 375% 3.3 0.9 267% Shares on Issue No. of ordinary shares - closing (m) 105.39 105.05 0.3% 105.39 105.32 0.1% Weighted average during the period - basic (m) 105.37 101.70 3.6% 105.37 105.31 0.1% Weighted average during the period - diluted (m) 105.37 101.70 3.6% 105.37 105.31 0.1% Share price - closing ($) 0.77 0.545 41.3% 0.77 0.61 26.2% Capital Management Operating Cashflows ($'000) 7 2,360 1,559 51.4% 2,360 2,396 (1.5%) Cashflow conversion ratio 8 91% 221% (130%) 91% 113% (22%) Free Cashflows (net of Capex) 1,048 71 1376% 1,048 780 34.4% Cash & Cash Equivalents - Australia ($m) 14.0 12.0 16.7% 14.0 13.0 7.7% Net Assets ($m) 43.8 39.1 12.0% 43.8 40.1 9.2% Net Tangible Assets ($m) 12.4 9.6 29.2% 12.4 10.3 20.4% Net Assets / Share ($) 0.42 0.37 13.5% 0.42 0.38 10.5% Net Tangible Assets / Share ($) 0.12 0.09 33.3% 0.12 0.10 20.0% 6 Underlying EPS excludes the income tax benefit from deferred tax asset recognition to better reflect underlying operating performance. 7 Continuing operations only. 8 Cashflow conversion ratio of operating cashflow to UEBITDA. Growth Indicators and Key Financial Metrics Appendix 1 – 1HFY26 Financial Results Presentation (continued) 25 Appendix 1 – 1H FY26 Financial Results Presentation (continued) 26 OE: Operating expenses SAE: Sales and administrative expenses EBE: Employee benefits expenses (excluding share-based payments) ME: Marketing expenses PF&O: Professional fees & Other expenses TE: Total expenses SBP: Share-based Payments D&A: Depreciation & Amortisation FC: Finance costs Appendix 1 – 1H FY26 Financial Results Presentation (continued) 27 Market information Share price, capital structure, and substantial shareholders Raiz Share Price & Volume Source: FactSet and Computershare company registry Capital structure (25-Feb-26) Shares on issue 105.4m Share price A$0.605 12-month range A$0.42 - A$0.96 Market capitalisation A$63.8m Cash & cash equivalents 31 December 2025 A$14m Top Holdings (25-Feb-26) Shares (%) 1 THORNEY INVESTMENTS 16.0m 15.1 2 SEVEN WEST MEDIA INVESTMENTS PTY LTD 6.2m 5.9 3 ACORNS GROW INCORPORATED 5.2m 4.9 4 STATE STREET GLOBAL ADVISORS INC 4.8m 4.6 Top 20 Holdings 64.1m 60.8 Other Holdings 41.3m 39.2 Total 105.4m 100.0 28 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)