FY25 Results Presentation

• Net Profit after Taxation of $10.5m beating guidance by 17%
• $8m annualised pre-tax financing saving from late July 2024 refinancing
• PDP assets up $20m, reflecting disciplined investment in high quality portfolios

Pioneer Credit reported a strong FY25 performance, with Net Profit after Taxation of $10.5m beating guidance by 17%. The company secured improved terms with vendors, resulting in a meaningful discount on the price of forward flow agreement renewals. It also achieved $8m in annualised pre-tax financing savings from a late July 2024 senior debt refinancing, with each 25bps RBA rate cut providing an additional ~$700k annualised pre-tax saving. PDP assets grew by $20m, reflecting the company's disciplined investment in high quality portfolios. Pioneer maintained a leading market share as a preferred partner of the big four banks, and it is the only debt purchaser in Australia with agreements in place with all four. The company's strong balance sheet, with $34.3m in undrawn facilities, supports its growth ambitions. Overall, Pioneer's FY25 results demonstrate its ability to deliver sustainable, profitable growth through operational efficiencies and strategic portfolio management.

Statutory Net Profit after Taxation >$18m in FY26.