• High quality, capital light business with long term growth track record
• Growth in recurring fees and transaction revenues drives earnings growth
• Margin Income resilient with higher client balances offsetting lower yields

Computershare Ltd reported a strong 1H FY25 performance, with Management EPS up 18.7% vs. the prior corresponding period (pcp). This was driven by growth in recurring fees and transaction revenues, as well as resilient Margin Income despite lower yields. The company's high-quality, capital-light business model with leading market positions and recurring revenues continues to deliver long-term growth. Margin Income was resilient, with higher client balances offsetting the impact of lower interest rates. The balance sheet remains strong, providing flexibility to fund innovation, pursue acquisitions, and reward shareholders. Computershare upgraded its FY25 guidance, with Management EPS now expected to be around 135 cents per share, up 15% vs. pcp. The company's prudent hedging program and focus on execution capability will help manage the quality and consistency of earnings. Computershare is well-positioned to drive the next stage of growth, leveraging its longstanding client relationships, leading market positions, and strong free cash flow.

FY25 Management EPS expected to be around 135 cents per share, up 15% vs. pcp. EBIT ex. Margin Income expected to be up around 30%, and Margin Income around $760 million with average client balances of $30.2 billion.

Computershare will continue to leverage its high-quality, capital-light business model with recurring revenues and leading market positions to drive long-term growth. The company will maintain a strong financial position and balance growth investments with returns to shareholders.