Announcement PDF F Y 2 6 | J U N E 2 0 2 6 Full Year Results Profit growth and a broadening earnings base 2 A vital part of Australia's lending infrastructure AFG connects over 4,300 brokers with 80+ lenders across a broker channel that now writes 81% of new residential lending 1 in 9 Residential mortgages in Australia written by an AFG broker Distribution: Australia’s leading broker network Manufacturing: AFG funded home loans Residential lending earning net interest margin Broker services: subscription income BrokerEngine workflow tool, compliance and other services Broker investments Minority equity interests in broker businesses Mortgages & Asset Finance commissions Upfront + recurring Multiple earnings streams across the value chain Delivering choice, backing brokers and driving competition 3 1 THE CORE A leading position in a channel gaining share 81% +2pts of new residential lending written through brokers 2 THE GROWTH PLATFORM A broadening earnings base adding resilience $43k +12% Gross profit per broker 3 RETURNS & CAPITAL DISCIPLINE Earnings translating into shareholder returns 23% +4pts Underlying return on equity A capital-light distribution model, with growing earnings and strong shareholder returns In a growing Australian finance market, AFG has multiple avenues for earnings expansion and a proven model over 32 years 3 4 FY26 Profit1 up 39%, with growth across the business F Y 2 6 H I G H L I G H T S FY26 Profit1 $49m +39% Reported FY25 NPAT $35m Distribution2 Manufacturing3 Asset finance settlements +19% to $4.3bn Residential settlements +18% to $75bn AFGS closing book +30% to $7.1bn Cash flow from operations $51m up 42% Net Interest Margin +9bps to 125bps Cost to Income 4% lower to 55% BrokerEngine subscribers +19% to 4.4k Loss history <1bps over $19bn settled Broker Investments 6 Investments, up from 2 2. Distribution segment: Broker platform connecting lenders to borrowers 3. Manufacturing segment: Offering financial products for customers Distribution and Manufacturing contributing to increases in earnings and returns All growth rates are provided relative to FY25 1. Reported NPAT. Underlying NPATA $54m up 33%. See slide 30 5 Progress against FY29 aspirations1 across the business Same 3 strategic pillars. Capital allocation framework and management experience delivering growth across the business 1. Strategic pillars and FY29 aspirations as previously disclosed at HY25 (Dec ‘24) HY25 FY26 FY29 ASPIRATION STRATEGIC PILLAR 1 Grow our broker network Residential settlement growth 13% 18% 8% CAGR Equity broker investments 2 6 35 STRATEGIC PILLAR 2 Provide market leading technology Broker services income (% of Distribution GP) 20% 23% 30% Underlying cost to income 70% 55% <50% STRATEGIC PILLAR 3 Deliver higher margin through distribution AFG Securities book size $5.1bn $7.1bn $9bn AFG Securities net interest margin 114bps 125bps ~120bps Financial update F Y 2 6 R E S U L T S 7 $56.2m FY25 EBITDA +$3m Distribution +$17m Manufacturing −$2m Central services $74.4m FY26 EBITDA Earnings uplift across segments, with improving cost efficiency, accelerating profit growth +39% EBITDA by segment Key financial metrics Metric FY26 Variance to FY25 Gross profit1 $159m +12% Cost to income1, 2 55% -4pts Reported NPAT3 $49m +39% EPS3 20cps +33% Dividends per share 9.5cps +4% Underlying return on equity3 23% +4pts 1. Gross profit and other income excluding trail book accounting adjustment. 2. Underlying Operating Expenditure less Depreciation & Amortisation costs / (Gross Profit (adjusted for Trail) + Other Income) 3. Reconciliation between Reported NPAT and Underlying NPATA detailed on slide 30 EBITDA up 32%, driven by a broader earnings base 8 Broader earnings base increases resilience T H E C O R E Most earnings are supported by existing books and diversified income rather than near-term mortgage flows ~10% Directly exposed Reflects residential upfront commissions E A R N I N G S D I R E C T L Y E X P O S E D T O S H O R T T E R M V O L A T I L I T Y ~90% Underpinned by existing books and diverse income • Trail book – Consistent growth in annuity style commissions • Manufacturing – AFG Securities lending products • Broker services – recurring subscription income • Diversified products – linked to alternate markets FY18 FY26 Residential Other distribution Manufacturing 90% 10% S I G N I F I C A N T C H A N G E I N A F G E A R N I N G S M I X Residential is a lower share as new services and products grow Now: 78% diversified earnings Then: Residential largest source Recurring and diversified income now moderates the impact of near-term housing-cycle volatility Includes diversification (78%) + recurring trail 9 Residential Diversified products Broker services Manufacturing 7 9 14 34 38 43 27 29 30 FY24 FY25 FY26 Increasing returns across both Distribution and Manufacturing Gross profit per broker up 12% to $43k. Distribution contributes 68%1 of EBITDA. Manufacturing scaling at attractive returns. 1. Share of combined segment EBITDA 2. Gross profit driver detail on slides 28 and 29 3. Diversified products including Asset finance VBI 4. Excludes Thinktank Investments contribution Distribution $71m EBITDA +4% Underlying ROE 40% E A R N I N G S D R I V E R S 2 Gross profit $115m, up 2%. Growth across earnings platform Residential up 8% to $35m with +18% settlements and +8% trail book Broker services continues to grow, up 13% to $24m Diversified products3 contributes $50m or 44% of Distribution Manufacturing Gross profit $45m, up 52%. Cost to income improved 14pts to 40% +$10m from AFG Book size +30% to $7.1bn, with record market share +$6m from NIM +9bps to 125bps — refer next slide Thinktank Investment up $3.6m, $9.6b AUM, 174bps NIM $33m EBITDA +107% Underlying ROE 30%4 Underlying gross profit per AFG broker ($k p.a.) 10 NIM increased to 125bps, above the aspiration1 FY26 Net interest margin (bps) 116 125 FY25 BBSW spread Rate to customer Cost of funds FY26 FY26 funding execution driving NIM expansion • Record term issuances $2.2bn • 67% of the book funded on improved terms • New funding sources increased diversity • Existing term funding provides greater near term certainty • Exit NIM of 128bps FY27 focus Record term issuances, improved warehouse economics and new funding sources supported FY26 margin expansion • Funding markets remain supportive, liquidity is strong, but conditions have moderated from recent highs • FY26 is above the through-the-cycle Aspiration of 120bps • Maintain pricing discipline and funding diversity +8bps excluding BBSW BBSW below cash rate by an average 5bps through the year Benefit from lower renewed warehouse and new RMBS transactions 1. FY29 aspirations announced December ‘24 – detail on slide 5 11 Disciplined capital allocation, guided by 4 principles Funding high growth options and returns to shareholders – supported by strong balance sheet and cash flow generation FY26 capital application $63m unrestricted cash $84m trail net asset 94% cash conversion Investing for growth $21m Shareholder returns Dividend and Buy back $30m AFG Securities $8m · Technology $6m · Broker Investments $7m 59% 41% 1 2 3 4 Continuous review / recycle capital Allocate to strategically aligned assets returning above hurdle (RoC > WACC) Maintain balance sheet capacity Maintain capacity to execute and respond, while minimising cost of capital Deliver sustainable earnings growth Margin expansion, efficiency, and new capital to AFGS book & Broker Investments Return surplus capital when appropriate Prioritise reinvestment; return surplus when growth options are limited Capital buy back up to $15m announced June 2026. $3m of shares acquired to date 12 Investments deliver FY27 run-rate uplift Group EBITDA by half $23m H2 FY24 $25m H1 FY25 $31m H2 FY25 $36m H1 FY26 $39m H2 FY26 Investment FY26 Invested FY27 EBITDA Uplift1 AFG Securities Scalable earnings growth · RoE 30% $8m +$10m Technology – Broker services Improves efficiency and value per broker $6m +$2m Broker Investments Minority stakes · RoC 16%2 $7m <$1m 1. Annualised uplift into FY27 compared to FY26 average: AFG Securities based on closing book of $7.1bn and NIM of 120bps. Broker Services based on exit run rate. Broker Investments includes latest annual profit contribution 2. Return on capital (RoC) represents $1.4m annualised contribution of share of profit, $0.5m AFG earnings from external groups and $12m total capital across the investments 29% CAGR AFG enters FY27 with earnings momentum embedded c.$13m of annualised EBITDA uplift1 from investments carries into H1 FY27, building on the 29% CAGR – delivering earnings growth and resilience Market & operations update F Y 2 6 R E S U L T S 14 50% 54% 57% 68% 74% 81% FY16 FY18 FY20 FY22 FY24 FY26 AFG is well positioned as larger broker groups continue to take share T H E C O R E Broker channel expansion and consolidation favours larger groups, a segment where AFG is over-represented and growth is 2.5x faster Broker channel gaining share of +$650bn market1 as 1 in 3 bank branches closed2 Source: MFAA Why AFG is positioned to benefit – We grow together O U R S C A L E 4,300+ brokers, and growing 1 in 9 market share — significant room to grow L E N D E R S R E L I A N C E A growing distribution channel Lenders increasingly use brokers to reach customers T E C H N O L O G Y Technology and flexibility Help brokers grow in the way that suits their business C O N S O L I D A T I O N Home of large broker groups AFG’s larger groups grow 2.5x faster 1. Source ABS Lending Indicators, last 12 months to March 2026 2. Source APRA Points of Presence Statistics for authorised deposit-taking institutions. 1 in 3 bank branches closed from Jun ’20 to Jun ‘25 +31pts 15 Near-term activity has softened since mid-May T H E C O R E Volumes have slowed in the last two months driven predominately by Investor activity. Market fundamentals remain, with 11% long-term growth1 E A R L Y P O S T - B U D G E T T R A D I N G 2 Residential lodgements have slowed since mid-May Residential is 16% lower, with largest change in NSW, SA and QLD Investor3 (18%) | Owner occ3 (14%) | AFG Securities (13%) Investor flow at 34% just below long term average Refinance & Upgrader remains low, expected to build 1. Average growth of AFG Residential lodgement volume across 15 years to FY26 2. AFG Residential lodgement volume financial year to date to 11 August, compared to prior year 3. Mix of AFG Residential lodgement volume NSW (17%) VIC (12%) QLD (18%) SA (18%) WA (9%) V O L U M E B Y S T A T E 2 16 Customers value broker guidance Technology adds capacity AFG has the scale to deliver Brokers guide customers across lenders and products, with Best Interests Duty making the broker the customer's advocate Trust by customers, essential to lenders, reinforced by regulation AI and automation delivering broker efficiency — serve more customers without losing the human touch. Larger broker groups are growing 2.5x faster 30% less time per deal with BrokerEngine Plus, investing to reduce friction further Deep proprietary insights, broad lender connectivity, strong compliance creates an aggregator of choice. Supporting the broker of the future 32 years+ of experience across Australian mortgage distribution Better technology strengthens the value of the broker relationship G R O W T H P L A T F O R M AFG’s scale, lender connectivity and technology investment help brokers serve more customers and deliver a better experience Diversification strengthens Distribution’s resilience G R O W T H P L A T F O R M Earnings mix across products benefits customers, brokers and provides scale and further resilience across markets RESIDENTIAL ASSET FINANCE & LEASING DIVERSIFIED PRODUCTS Long-term growth, through market cycles Scale outside the housing market More ways to earn across the network 22 successive years of trail book growth Settlements up 18% in FY26; long-run average 10%. Runoff slows when markets slow, extending book life 19% settlement growth per annum since FY22 Car and equipment finance - a large market with separate dynamics to housing. Scaled platform acquired through Fintelligence embedded and growing 59% of brokers now writing multiple products Diversification lifts income across the network. AFG Home Loans now equally funded by higher-margin AFG Securities – and growing faster Tr a i l b o ok FY24 FY25 FY26 Se t t le m e nt s FY24 FY25 FY26 Pr o d uc t vo l u me s Commercial mortgages +24% $6.3b Personal loans $74m White label book $7.3b $232bn $211bn $200bn $4.3bn $3.6bn $3.2bn 18 Broker services subscription income expands Distribution earnings G R O W T H P L A T F O R M Growing 14% pa, recurring Broker services income now represents 23% of Distribution earnings, tracking well to aspiration of 30% by FY29 Subscription income $16m FY23 $19m FY24 $21m FY25 $24m FY26 14% GROWTH PER ANNUM Services brokers use every day Income per broker $6.7k T E C H N O L O G Y Integrated broker platform. Subscribers +19% to 4.4k – now 57% of users Broker platform to power your growth and productivity S E R V I C E S Marketing (SMART), compliance and professional indemnity All-in-one marketing platform for brokers P A R T N E R C O N N E C T Supports additional income streams beyond residential mortgages Mortgage broker referral program that helps you grow and diversify 19 Manufacturing: Book up 30% and record market share G R O W T H P L A T F O R M AFG funded residential lending continues to grow, supported by improved retention and continued product development AFG Securities market share • Settlements reached a peak market share1 of 5.3% • Competitive products and consistent service driving broker and customer demand • Non-bank share1 reached 13% with long term average being c11% • 30% book growth in FY26 to reach $7.1bn • Improved retention supporting lower runoff • Consistent book growth since FY20 Delivering continued book expansion 4.8 FY22 4.5 FY23 4.4 FY24 5.5 FY25 7.1 FY26 2.9 FY20 3.4 FY21 $9bn F Y 2 9 A S P I R A T I O N Returns prioritised over volume AFG Securities loan book ($bn) 1. Market share of AFG Residential settlements in FY26 20 Credit quality maintained – excellent history of book performance G R O W T H P L A T F O R M 20 years of lending performance — a scaling book that is well provisioned and cycle-tested 1.7% arrears (30+ days) including accounts in hardship vs 1.6% at June '25 +95% of book with no adverse credit disciplined origination <1bps lifetime losses on $19bn settled1 proactive management $4.6m expected credit loss provision provisioning remains prudent 100% of >80 LVR Prime loans LMI-covered2 prime mix maintained 32 yrs of proprietary broker and lending data leveraged Informing credit policy 1. Total losses of $268k on lifetime settlements of $19bn since commencing in 2007. No losses incurred in FY26 2. LVR = Loan-to-value ratio. All prime loans above 80% LVR (at settlement) are covered by individual Lender mortgage insurance (LMI) Outlook F Y 2 6 R E S U L T S 22 AFG enters FY27 from a stronger earnings position A larger book, improved funding, growing broker share and prior investment underpin earnings growth through market cycles. O U T L O O K Near-term activity has softened Residential lodgements are lower in the last 2 months though enquiry remains strong. Broker share and housing fundamentals remain supportive over time. Strong funding position FY26 term issuances and new facilities provide greater near-term certainty. Earnings momentum embedded Multiple earnings drivers improve resilience. Recent investments embed FY27 EBITDA uplift of c.$13m annualised. Continue to invest for future growth Investments in systems, automation and AI is expected to improve internal productivity balanced with dividends and balance sheet capacity. H O U S I N G D E M A N D R A T E S A N D F U N D I N G D E L I V E R I N G O N A S P I R A T I O N S I N V E S T M E N T D I S C I P L I N E Market outlook AFG outlook Appendices F Y 2 6 R E S U L T S 24 David Bailey, CEO 24 years A fairer financial future being delivered by an experienced executive team Lisa Bevan, COO 28 years Luca Pietropiccolo, CFO 4 years Sam McCready, CDO 21 years Dom Di Gori, Exec GM Consumer lending 26 years Them Lam, Chief Distribution and Marketing Officer 25 years Years denotes the years of finance industry experience 25 Settlements and Loan Book 1. Is a subset of AFG Home Loans (AFGHL) 2. Includes Fintelligence settlements as well as AFG broker settlements Settlements ($m) FY26 FY25 FY24 FY26 v FY25 FY26 v FY24 Residential 74,955 63,464 55,181 18% 36% AFGHL 5,238 4,394 3,564 19% 47% White Label 1 1,267 1,687 1,927 (25%) (34%) AFG Securities 1 3,971 2,707 1,637 47% 143% Commercial 6,279 5,059 4,453 24% 41% Leasing and Asset finance 2 4,273 3,599 3,171 19% 35% Loan Book ($m) Residential 231,533 210,505 200,478 10% 15% AFGHL 14,380 13,795 12,808 4% 12% White Label 1 7,278 8,315 8,366 (12%) (13%) AFG Securities 1 7,102 5,480 4,442 30% 60% Commercial 17,465 14,745 13,234 18% 32% 26 Growth across the business 1. Gross profit and other income excluding trail book accounting adjustment. 2. Reconciliation between Reported NPAT and Underlying NPATA detailed on slide 30 Earnings, returns and cash generation all improved in FY26 $m FY26 FY25 Variance Gross profit 1 159.4 142.9 12% Change in trail book future value (2.9) (3.7) 22% Operating expenses (100.8) (96.6) (4%) Net finance income 3.5 3.2 9% Share of profit from associates 7.4 2.9 155% Profit before tax 66.6 48.7 37% EBITDA 74.4 56.2 32% Reported NPAT 2 48.5 35.0 39% Financial metrics Units FY26 FY25 Variance Net cash from operating activities $m 51.1 35.9 42% Underlying EPS cps 20.0 15.1 33% Dividends % of Adjusted NPAT 4 % 60 60 - Underlying ROE % 23% 19% 4% Net Interest Margin bps 125 116 9 Average FTE # 304 312 (2%) Underlying Cost to Income 1, 3 % 55% 59% 4% Continuing earnings growth • Reported NPAT of $48.5m, up 39% • Underlying RoE increased to 23% (FY25 19%) Operating leverage accelerating earnings • Gross profit1 increased 12% to $159.4m • Underlying CTI3 decreased 4pts to 55% leveraging AI & automation • Gross profit growth outpacing investment • H2 opex slightly above H1 with investment in AFG Securities and technology Strong cash flow generation continues • Net cash from operating activities $51.1m, up 42% with 94% cash conversion • $21m invested for growth with $30m supporting dividends and share buy-back • Broker Investments and Thinktank growth increasing profit from associates Dividends • FY26 payout ratio of 60% of adjusted NPAT4 — within the 50-70% range • Final dividend of 4.8 cents per share 3. Underlying Operating Expenditure less Depreciation & Amortisation costs / (Gross Profit (adjusted for Trail) + Other Income) 4. Adjusted NPAT excludes equity-accounted earnings from associates and includes cash dividends received. 27 Key metrics Key movements • Distribution operating income is lower than H1 FY26 resulting from Trail book movement in H2. Excluding this, Distribution would be higher in H2 from growth in Residential volumes, as well as Broker Services subscription income • Manufacturing operating income increased 19% to $206 million with the AFG Securities book growing 30% to $7.1 billion. Net interest margin +7bps compared to H2 FY25 • Total Operating Costs up $0.6m compared to H1 FY26. This includes higher employee costs to support AFG Securities growth and Technology costs. H1 includes higher sponsorship expenses which is offset by income • Underlying cost to income (CTI) ratio improved to 54% in H2 FY26 1. Average for reporting period 2. Total Operating Expenditure less Depreciation & Amortisation costs / (Gross Profit (adjusted for Trail) + Other Income) 3. Adjustment between Net interest income and commission cost of sales $m (unless otherwise stated) Units 2H26 1H26 2H25 2H26 v 1H26 2H26 v 2H25 Operating income Distribution 513.5 561.1 454.9 (8%) 13% Manufacturing 206.1 172.8 169.0 19% 22% Central (23.4) (21.6) (14.0) (8%) (67%) Total 696.2 712.3 609.9 (2%) 14% Profitability Trail Book Net Asset 83.9 86.1 86.8 (3%) (3%) Residential Upfront Payout Ratio % 96.4 96.3 96.1 (0.1) (0.3) NIM bps 126 124 119 2 7 Operating Costs Employee Costs 29.8 28.6 28.1 (4%) (6%) IT 5.6 5.4 5.1 (4%) (10%) Total Operating Costs 50.7 50.1 49.1 (1%) (3%) Average FTE1 # 311 297 302 5% 3% Underlying Cost to Income Ratio2 % 54 56 58 2 4 Credit Quality Total Losses 0.0 0.0 0.0 Other Brokers # 4,302 4,275 4,249 1% 1% Underlying ROE % 26 21 22 5 4 Net interest income adjustment3 10.8 8.9 8.5 28 Continued growth of subscription income broadens earnings D I S T R I B U T I O N Growing returns in capital-light Distribution segment 1. Gross profit and Other income excluding trail book accounting adjustment $m FY26 FY25 Variance Gross profit1 115.2 113.3 2% Change in trail book future value (2.9) (3.7) 22% Operating expenses (52.8) (51.4) (3%) Share of profit from associates 1.2 0.3 335% Profit before tax 58.5 56.8 3% EBITDA 70.7 68.0 4% Gross profit composition Units FY26 FY25 Variance Residential Upfront $m 16.4 14.5 13% Settlements $b 75.0 63.5 18% Retained % 3.7% 3.8% (4%) Residential Trail $m 18.2 17.7 3% Average book $b 221.0 205.0 8% Retained % 5.0% 5.3% (5%) Diversified products $m 38.0 40.2 (5%) VBI Margin $m 12.2 12.5 (3%) Broker services $m 23.8 21.0 13% Other income $m 6.5 7.3 (11%) Gross profit +2% to $115.2m | ROE 40% | 68% of Group EBITDA Network scale • Record residential settlements, with margin increasing to $16m representing c.10% of total gross profit. Minor increase in payout ratios for the full year, with H2 stabilising • Residential trail continues consistent book growth • Asset finance aggregation 19% settlements growth, with margin pressure flowing through during the year Broader earnings base – growth and resilience • Broker services subscription income up 13%. Consistent growth, with exit run rate representing +$2m earnings uplift into H1 FY27 • Diversified products lower as AFG Home Loans white label volumes transition to the higher margin AFG Securities product Disciplined investment • Opex increase of $1.4m, primarily from technology spend (IT opex and D&A) as well as broker engagement. H2 below H2 FY25 29 Consistent book growth and scale efficiency delivering EBITDA +107% M A N U F A C T U R I N G Record settlement market share driving book growth to $7.1bn while operational leverage accelerates earnings Gross profit +52% to $44.9m | ROE 30% | 32% of Group EBITDA Growth • +$10m net interest from consistent book growth – up 30% to $7.1bn • +$6m from higher NIM, with funding cost improvements • Thinktank share of profit +$3.6m Operational leverage • Opex increase of $1.9m, includes employee expenses to support growth as well as $0.4m higher provision as the book grows • Cost to income ratio improved 14pts to 40% • Operating leverage delivering $6m per annum in scale benefits Strong funding position • NIM less sensitive to short term rate volatility with majority of the book locked in at improved margins during FY26 Further margin expansion • H2 operating expenses includes investments in modernisation initiatives. These will drive future efficiencies and scale benefits $m FY26 FY25 Variance Gross profit1 44.9 29.5 52% Operating expenses (18.4) (16.5) 12% Share of profit from associates 6.2 2.6 139% Profit before tax 38.4 20.7 86% EBITDA 33.1 16.0 107% Gross profit composition Units FY26 FY25 Variance AFG Securities NIM $m 78.0 58.1 34% AFG Securities Average book $b 6.2 5.0 25% NIM Bps 125 116 8% AFG Securities Commission $m (29.7) (25.0) 19% AFG Securities settlements $b 4.0 2.7 47% Other fees / costs $m (3.4) (3.6) (7%) 1. Gross profit and Other income excluding trail book accounting adjustment 30 Reported NPAT to Underlying NPATA reconciliation Key movements • The trail commission adjustment represents the non- cash change in the carrying value of the trailing commissions contract assets and liability. Additional information in relation to trail book accounting and key assumptions are provided on slide 32 • The FY25 net change in fair value of the put / call liability relates to the acquisition of the remaining equity of Fintelligence • Amortisation of acquired intangible assets relates to the initial acquisition of Fintelligence • One off expenses include non-recurring project and staff re-structure costs. FY25 also includes lease make good provision $m FY26 FY25 Variance Reported NPAT 48.5 35.0 13.5 Amortisation of acquired intangible assets 2.4 2.4 - Trail commission adjustment 2.0 2.6 (0.6) Net change in fair value of put / call liability - (0.3) 0.3 One off non-recurring expenses 1.5 1.1 0.4 Underlying NPATA 54.4 40.8 13.6 31 AFG holds $185m in liquid assets and high performing investments Key movements • Net unrestricted cash position • Trail book net asset at $84m with the reduction representing increasing average payout ratio as well as updated run-off assumption. Key assumptions are provided on slide 32 • Investments are valued at carrying value as per the balance sheet and include broker investments • Subordinated notes value relates to the notes held by AFG in the AFG Securities loan book which is $7.1bn as at June 2026 $m Jun 2026 Jun 2025 Variance Unrestricted cash 62.6 63.7 (1.1) Debt facility (66.1) (51.9) (14.2) Net unrestricted cash (3.5) 11.8 (15.3) Trail book 83.9 86.8 (2.9) Investments 61.5 48.6 12.9 Subordinated notes 43.2 34.9 8.3 Net unrestricted cash, trail book & investments 185.1 182.1 3.0 Cash reconciliation Unrestricted cash 62.6 63.7 (1.1) Restricted cash (Securities) 182.8 160.1 22.7 Total cash 245.4 223.8 21.6 32 Trail book asset Key movements • Trailing commissions are received from lenders on settled loans over the life of the loan based on the outstanding loan book balance • The net present value of our future trail commissions, represent recurring income, without having to perform further services • Future trail commissions had a NPV of $83.9m at June 2026 ($86.8m at June 2025) • The valuation is assessed on a six-monthly basis, with movements in valuation recorded in the P&L • The main valuation drivers are run-off rates and volumes. Run-off remains elevated since 2022 increase • The discount rate applied to each tranche is applied across the life of the loan. Any current movements in the discount rates will only affect the latest trail commission tranche • The discount rate is calculated as the risk-free rate + counterparty risk factor 1. Discount rates once set are not adjusted during the life of the loan. The spread in discount rate captures loans settled in previous as well as the current financial year 2. The percentage paid to brokers is set at the time of settlement of the loan The table below outlines key assumptions used to value trail commissions The chart below shows the change in the net trail book asset over time Key Assumptions Jun 2026 Jun 2025 Average loan life Between 3.5 and 4.1 years Between 3.6 and 4.2 years Discount rate per annum1 Between 4.0% and 13.5% Between 4.0% and 13.5% Percentage paid to brokers2 Between 85% and 96.3% Between 85% and 96.1% $96.2m $90.6m $86.8m $83.9m FY23 FY24 FY25 FY26 33 Summary Balance Sheet Key movements • Unrestricted cash of $62.6m consists of cash at bank and short term deposits • Restricted cash, which primarily represents amounts held in special purpose securitised trusts and series on behalf of the warehouse funders and the bondholders increased to $182.8m with a growing loan book • Contract Assets primarily represents our trail book commission asset and is partially offset by the trail book commission liability recorded in Trade and Other payables. • Loans and advances represents the AFG Securities program, with the debt facility represented in Interest bearing liabilities • Growth in investment in associates includes new minority Broker investments completed during FY26 $m FY26 FY25 Variance Assets Unrestricted cash 62.6 63.7 (1.1) Restricted cash 182.8 160.1 22.7 Trade and other receivables 13.2 15.2 (2.0) Other assets 6.1 4.5 1.6 Contract assets 1,225.4 1,176.2 49.2 Loans and advances 7,146.4 5,493.7 1,652.7 Investment in associates 61.5 48.6 12.9 Goodwill 61.1 61.1 - Intangible assets 40.7 44.4 (3.7) Total assets 8,799.8 7,067.5 1,732.3 Liabilities Trade and other payables 1,267.4 1,186.3 81.1 Interest bearing liabilities 7,246.3 5,612.9 1,633.4 Employee benefits 8.0 7.5 0.5 Deferred tax liability 22.6 23.2 (0.6) Other liabilities 13.2 15.5 (2.3) Total liabilities 8,557.5 6,845.4 1,712.1 Net assets 242.3 222.1 20.2 Equity Share capital 101.1 102.1 (1.0) Reserves 8.7 8.9 (0.2) Retained earnings 132.5 111.1 21.4 Total equity 242.3 222.1 20.2 34 AFG Securities – Loan quality 51% 33% 14% 2% 4% 27% 30% 16% 23% 22% 24% 29% 12% 10% 3% 35 Important Disclaimer This presentation contains general information which is current as at 19 August 2026. The information is intended to be a summary of Australian Finance Group Ltd (AFG) and its activities as at 30 June 2026 and does not purport to be complete in any respect. The information in this presentation is not a recommendation or advice about shares in AFG (or any other financial product or service). It is not intended to influence or be relied upon by any person in making a decision in relation to AFG shares (or any other financial product). This presentation does not take into account the objectives, financial situation or needs of any particular investor. You should consider your own objectives, financial situation and needs when considering this presentation and seek independent investment, legal, tax, accounting or such other advice as you find appropriate before making any financial or investment decision. This presentation contains some forward-looking statements. Such statements only reflect views held by AFG as at the date of this presentation and are subject to certain risks, uncertainties and assumptions. Actual events and results may vary from the events or r