• Record Group cash EBTDA of $170.3m, up 147.0% year-on-year
• Strong growth in US business, with TTV up 41.6% and cash earnings up 105.3%
• ANZ business returned to TTV growth, with improvements in portfolio yield and excess spread

This year saw the strongest financial performance in Zip's history despite ongoing macroeconomic uncertainty. The company generated $1.1b in total income, and cash earnings increased 147.0% year-on-year to $170.3m, driven by an outstanding performance in the US business, and a return to TTV growth in ANZ. Zip's disciplined execution, customer focus and strong unit economics position the company well to drive continued long-term value for shareholders. In the US, Zip delivered significant TTV growth of 41.6% (in USD), outpacing the market and achieving net new customer growth for the first time since FY22. This momentum reflects the strength of the company's resilient customer base. In ANZ, Zip successfully pivoted from margin optimisation to growth, with the business returning to TTV expansion during the year. Continued investment in risk and process capabilities has generated material operating leverage and strong unit economics, with Zip's operating margin increasing 787 basis points to 15.8%. Zip enters FY26 with no corporate debt, a strengthened balance sheet and a new capital management framework to guide its capital allocation, including a $50m on-market buyback. The company remains focused on enabling its business to capture additional opportunities and enhance the way it operates, including through the accelerated use of AI across people, processes and product.

Zip expects to continue delivering strong, sustainable growth and profitability, with no specific forward-looking financial metrics provided.