Appendix 4D and Half-Year Report

• Net profit after tax up 503% to $10.2 million
• Improved profitability and equity position
• Margin reduction on senior debt facilities

Pioneer Credit Limited (ASX: PNC) has reported a strong financial performance for the half-year ended 31 December 2025. The company recorded a net profit after tax of $10.2 million, up 503% from the prior corresponding period. This improved profitability has contributed to an increase in net assets to $70.6 million at 31 December 2025, further strengthening the company's balance sheet and capital position. The group also benefited from a repricing of its Syndicated Debt Facility, which resulted in a 100 basis point margin reduction effective from 1 November 2025 and an additional 15 basis point reduction from 1 December 2025 under sustainability-linked provisions. This reduced the company's cost of debt and contributed to lower finance expenses for the period, with total finance costs declining to $13.3 million. The improved profitability and lower funding costs have positioned Pioneer Credit well entering the second half of FY26, with a resilient portfolio, strong capital position and continued focus on sustainable earnings and customer outcomes.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics or guidance.

The Board considers the Group to be well positioned entering the second half of FY26, with a resilient portfolio, materially improved funding economics, a strong capital position and continued focus on sustainable earnings and customer outcomes.