Solvar (SVR) Investor presentation summary

Strategy and growth

• Targets underserved consumers and small businesses, with growth plans across personal and commercial lending, productivity and disciplined capital allocation.

• Commercial lending moved from start-up to growth, ending FY26 at $109.8m, up 88.2% YoY.

• Funding capacity exceeds $400m, supporting future loan book growth; Money3 funder margins fell ~1% in FY26.

FY26 performance

• Continuing Australian loan book was $920.3m; the reported loan book was $953.4m, including $33.1m in New Zealand. Australian loan book rose 10.5% YoY.

• Australian originations reached $470.7m, up 21.0% YoY; Australian interest income was $180.3m.

• Normalised NPAT was $36.1m, up 7.5% YoY; statutory NPAT was $29.5m, down 6.2% YoY. Normalised EPS was 19.0 cents, up 14.7%.

• Fully franked dividends totalled 19.5 cents per share, up 39.3% YoY; 7.5m shares were repurchased for $11.5m at an average $1.54.

Portfolio quality and capital

• Bad debts were 3.6%, down from 4.4% in FY25, including the one-off sale of New Zealand’s written-off book; Australian bad debts were 4.4%, up from 4.1%.

• 81% of the Australian portfolio was rated Strong or Good; leverage was 74%, with capacity to increase to ~80%, and unrestricted cash was $71.8m.

• A new $488.0m Money3 warehouse facility supported planned growth over the next 12–24 months.

• Since FY23, 31.9m shares were repurchased for $48.9m; shares outstanding fell 10.3% to 186.7m, at an average buyback price of $1.53.