• Chief Financial Officer Sean O'Donoghue to retire in H2 2025
• Jennifer Brice appointed as new CFO effective 27 October 2025
• O'Donoghue to remain until November 2025 to support orderly transition

Cuscal Limited (ASX: CCL) has announced that Mr Sean O'Donoghue, the Chief Financial Officer, has given the Board notice of his intention to retire in the second half of calendar year 2025. After a long and successful executive career, including more than 10 years of dedicated service to Cuscal, Mr O'Donoghue intends to pursue non-executive director roles. Cuscal has undertaken an extensive search as part of its orderly succession planning and is pleased to announce the appointment of Jennifer Brice as Chief Financial Officer effective 27 October 2025. Ms Brice is a highly experienced finance professional with over 35 years' experience in finance and business roles in complex businesses in Australia and internationally. She has led large, multi-disciplinary teams focused on capital and financial management, investor relations, treasury, M&A, governance, and financial reporting. Mr O'Donoghue will remain with Cuscal through the FY25 full year reporting period and will be presenting Cuscal's full year results together with Cuscal's Managing Director, Craig Kennedy on 22 August 2025. He will continue with Cuscal until November 2025 to support an orderly transition.

Cuscal remains on track to deliver or modestly exceed its FY25 Prospectus forecast.