• Continued expansion of SME lending franchise to 31 locations across Australia
• Replatforming of core systems and data environment onto scalable cloud-based platforms
• Strong FY25 financial performance with 14% growth in underlying profit before tax

Judo Capital Holdings Limited (Judo) held its Annual General Meeting on 21 October 2025, where the Chair, David Hornery, and Chief Executive Officer, Chris Bayliss, delivered addresses outlining the company's performance and strategy. Judo has continued to execute its plan to build a world-class SME business bank, expanding its presence to 31 locations across Australia and growing its team of relationship bankers to 165. The company has also completed a significant replatforming of its core systems and data environment onto scalable cloud-based platforms, enhancing its scalability, competitiveness, and ability to innovate. Judo's FY25 financial performance was strong, with a 16% increase in its lending book to $12.5 billion and a 14% rise in underlying profit before tax to $125.6 million. The company's deposit franchise also grew to nearly $10 billion, with a $1.4 billion increase in direct retail balances. Judo has maintained high levels of capital, with a CET1 ratio of 13.1% at 30 June 2025. Looking ahead to FY26, Judo has continued its momentum, with 16% annualized growth in the first quarter and a healthy pipeline of new business. The company is also investing in process improvements to further empower its bankers and deepen its partnerships with commercial brokers. Judo remains confident in its FY26 guidance, which includes a profit before tax of $180 - 190 million, reflecting around 50% growth compared to FY25.

Judo Bank expects to achieve profit before tax of $180 - 190 million in FY26, reflecting around 50% growth compared to FY25. The company also expects net interest margin to be in the range of 3.00 - 3.10%, with 1H26 at around 3.00% and 2H26 at around 3.10%.

Judo Bank has a clear and simple strategy to become Australia's most trusted SME business bank. The company is now well into the third stage of its growth strategy, which is to optimize the bank and achieve its long-held target of return on equity in the low to mid-teens. Judo remains confident in its ability to deliver sector-leading returns, driven by its pure-play SME focus, strong culture, and purpose-built platform.