• Delivered 15% growth in Management EPS
• Streamlined the group and recycled capital to scale exposure to long-term growth trends
• All core businesses delivered revenue and earnings growth, with and excluding margin income

Computershare Ltd has delivered another year of strong earnings growth, with Management EPS up 15%. Results are in line with the earnings guidance the company upgraded in February. Computershare has streamlined the group and recycled capital to scale its exposure to long-term growth trends, which have helped deliver earnings growth as interest rates fall. Comparing the results to FY24 and excluding the US Mortgage Services business sold in May 2024, FY25 revenues were $3.1b, up 4.4%. Margin Income was resilient and exceeded expectations at $759m, with average client balances up to around $30b. EBIT ex MI increased by 17% as growth and cost management drove operating leverage, with EBIT ex MI margins expanding by 150 basis points to over 17%. The new capital-light Computershare delivered ROIC of over 35%. All core businesses delivered revenue and earnings growth both with and excluding margin income. Issuer Services, Corporate Trust, and Employee Share Plans were standout performers. Computershare retains a strong balance sheet with the flexibility to fund selective acquisitions, organic growth, and investments in technology.

Initial guidance for FY26 is for Management EPS to be around 140 cps, up 4%.

Computershare enters FY26 with confidence and expects to deliver another year of positive earnings growth, driven by increased exposure to long-term trends, momentum in its core businesses, and the benefits of a strengthened balance sheet.