• Revenue growth and operational efficiency gains support positive free cash flow expectations in FY25
• North American client contracted to migrate to FINEOS Absence and Claims on the FINEOS Platform
• Successful FINEOS Customer Connect event held in Toronto for Canadian market

Fineos Corporation Holdings PLC (ASX:FCL), a leading provider of core systems for life, accident and health insurance globally, has presented its unaudited quarterly activity report and Appendix 4C cash flow statement for the three-month period ending 30 September 2025 (3Q25). The report highlights that revenue growth, in combination with platform and operational efficiency gains, continues to support expectations of positive free cash flow in FY25. The closing cash balance on 30 September 2025 was €32.6m, down €2.3m from the previous quarter, reflecting the expected seasonal impact of cash collection. Cash receipts from customers were €31.5m, down 10% on the previous quarter, reflecting the seasonal nature of cash receipts, and 11% on the prior corresponding period (pcp) due to timing differences of customer receipts. However, year-to-date cash receipts are up 8.8% compared with the same period in FY24. The FY25 revenue outlook remains within the limits of the company's guidance, on the assumption of a EUR to USD foreign exchange rate of 1:1.0837. In 3Q25, an existing North American client contracted to migrate from their FINEOS Claims on-premises system to FINEOS Absence (and Claims) on the FINEOS Platform, with Go Live expected early 2H26. The North American business pipeline remained strong in 3Q25. The company also held a successful FINEOS Customer Connect event in Toronto, Canada, in 3Q25, attended by current and potential clients as well as FINEOS partners.

The company is confident that it will deliver positive free cash flow for fiscal year 2025 and ongoing profitable growth in 2026 and beyond.