Jefferies Financial Group (JEF) Corporate presentation summary

Business profile

• Global, full-service investment banking platform spanning advisory, underwriting, equities, fixed income, alternative assets and wealth management, with operations across the Americas, Europe, the Middle East and Asia-Pacific.

• Client-focused strategy emphasizes advice, execution and service, expanded capabilities and continued market-share growth.

Earnings and revenue mix

• Q3 2026 net revenues $2,222M, pre-tax earnings $351M and net earnings $288M.

• LTM through Aug. 31, 2026 net revenues $8,514M, pre-tax earnings $1,132M and net earnings $913M.

• Q3 revenue leaders: advisory $818M, equities $626M and underwriting $483M; LTM leaders: advisory $2,653M, equities $2,271M and underwriting $2,057M.

Capital and liquidity

• As of Aug. 31, 2026, total assets were $81.3B, long-term capital $26.1B, leverage 7.6x and tangible gross leverage 9.1x.

• Liquidity pool totaled $19.902B, equal to 24.5% of total assets, at Aug. 31, 2026.

• 78% of financial instruments owned were financeable at haircuts of 10% or less; Level 3 instruments were ~3% of long inventory.

• ~97% of inventory was Level 1 or 2; Level 3 instruments equaled 10.2% of tangible shareholders’ equity as of Aug. 31, 2026.

• Funding approach includes liquid assets, readily available secured financing, stress liquidity reserves and no material reliance on short-term unsecured funding or customer balances; no commercial paper program.