• Quarterly revenue of over $15M and EBITDA of $1.46M for the consolidated Group
• Continued growth across Tier 1 enterprise and government clients
• Improvement in gross margins driven by utilisation and delivery mix, realising EBITDA margin expansion

StepChange Holdings Limited (ASX: STH) reported a trading update for the quarter ended 31 March 2026, highlighting continued strong momentum across the business. The Company achieved unaudited quarterly revenue of $15.18M and EBITDA of $1.46M for the consolidated group, supported by ongoing organic growth from both new and existing clients and initial contributions following the integration of BroadReach Group Pty Ltd. The strong quarterly performance reflects continued demand across StepChange's core service lines, including SAP migration, cloud transformation and ICT advisory services. Revenue for the quarter was driven by expansion within existing Tier 1 enterprise clients, new contract wins across energy and government sectors and early cross-sell opportunities following the BroadReach acquisition. The Group also experienced an improved EBITDA margin of 9.6%, up from 8.0% reported for 1HFY26, supported by a continued focus on utilisation, contractor mix optimisation and a shift toward higher-value, outcome-based engagements. The integration of BroadReach is progressing well and is enhancing StepChange's capabilities in enterprise architecture and ICT advisory, positioning the Company earlier in the client decision-making cycle. StepChange continues to embed AI tools across its delivery model which will give it consistency and speed of output, and supporting scalable growth without a proportional increase in headcount.