Q2 Activities Report & 4C - Record Revenue Quarter

• Customer receipts of US$3.9m (A$5.8m), up 4% on prior corresponding period
• Q2 FY26 revenue of US$4.7m (A$7.0m), up 34% on prior corresponding period - record revenue quarter
• Q2 FY26 Underlying EBITDA of US$0.9m (A$1.3m)

Change Financial delivered a strong Q2 FY26 performance, with customer receipts of US$3.9m (A$5.8m), up 4% on the prior corresponding period, and record revenue of US$4.7m (A$7.0m), up 34% on the prior corresponding period. The revenue growth was driven by increasing PaaS revenue and continued delivery of one-off licence sales and professional services revenue. Approximately 70% of Q2 FY26 revenue was derived from recurring income streams, with the proportion of recurring income expected to increase over time, particularly driven by growth in the Company's PaaS offering. Change delivered Underlying EBITDA of US$0.9m (A$1.3m) in Q2 FY26, demonstrating the operating leverage in the business. The Company's cash position at the end of the quarter was US$2.6m (A$3.9m), with an additional US$1.4m (A$2.1m) held in cash-backed security guarantees. Change has upgraded its FY26 revenue guidance to between US$17.5m (A$26.1m) to US$18.5m (A$27.6m) and its FY26 Underlying EBITDA guidance to between US$3.1m (A$4.6m) to US$3.8m (A$5.7m). The Company remains focused on building its sales pipeline, winning new deals, and driving operational efficiencies to deliver top and bottom-line growth.

Change has upgraded its FY26 revenue guidance to between US$17.5m (A$26.1m) to US$18.5m (A$27.6m) and its FY26 Underlying EBITDA guidance to between US$3.1m (A$4.6m) to US$3.8m (A$5.7m).

Change remains focused on building its sales pipeline, winning new deals, particularly in Oceania and SE Asia, and driving operational efficiencies to deliver top and bottom-line growth over the coming years.