• Growth across all businesses
• Positive outlook
• Margin income exceeds expectations with increased client balances mitigating lower yields

Computershare Ltd reported strong FY25 results, with Management EPS up 15% and EBIT ex. Margin Income up 17.4% on a constant currency basis. Revenue and EBIT grew across all business segments, with margin income remaining resilient despite lower yields, as increased client balances helped mitigate the impact. The company's balance sheet strength enabled continued investment in innovation, acquisitions, and shareholder returns, including a AU$750m buyback completed in FY25. Looking ahead, the company provided positive FY26 guidance, with Management EPS expected to grow around 4% driven by ongoing earnings growth in a lower interest rate environment. Key assumptions include EBIT ex MI up around 5%, margin income around $720m with average client balances of $30.2bn, and lower interest expense largely due to improved pricing on debt. The company highlighted its track record of long-term earnings growth, high margins, and strong returns to shareholders.

FY26 Management EPS around 140cps, up around 4% vs FY25. Margin income around $720m with average client balances of $30.2bn. Lower interest expense largely due to improved pricing on debt.