Announcement PDF HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 1 1 1H26 Investor Presentation ASX HMY All values are in $AUD unless stated otherwise David Stevens CEO and Managing Director Simon Ward CFO HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Contents 2 1. 1H26 Highlights 2. FY26 Guidance 3. About us 4. Financial results 5. Outlook Appendix HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 1H26 Highlights 3 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 1H26 Highlights vs 1H25 (pcp) 4 10.3% Portfolio NIM Sustained new lending NIM >10% drove 1H26 total loan book NIM to 10.3%, up 130bps. Exceptional funding for growth In December 2025 refinanced corporate debt to “Big-4” bank. Existing warehouse facilities from 3 of the “Big-4” banks, total capacity ~$1bn. Unrestricted cash $24m, after $7.5m repayment of corporate debt. $6.1m Cash NPAT 1H26 also surpassed full year FY25 Cash NPAT of $5.7m, and represented 166% growth. $6.1m Statutory NPAT 1H26 surpassed full Syntax Warning (729449): Badly formatted number year FY25 Statutory NPAT of $5.5m, growth 202%. Lending & book growth Group loan book growth +9%. Australian book growth +17%. New Zealand book returned to growth +5% NZD, with originations up 49% following Stellare® 2.0. deployment in June 2025. 31% Cash RoE Achieved 31% cash return on equity up from 13%, a 138% increase. Stable credit losses Credit losses 3.9%, up slightly from 3.7%. 90+ day arrears 0.58%, down from 0.64%. 19% Cost to income Automation drives enviable cost efficiency and increasing profitability as the loan book continues to grow. HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 FY26 Profit guidance 5 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 FY26 Guidance: Cash NPAT $13m,128% increase on pcp Upgraded by $1m 8% 6 FY26 Guidance: $13m Cash NPAT ● Stellare® 2.0 driving year end loan book to $900m+ ● Net interest margin: ~10% ● Risk adjusted income: ~6% ● Cash NPAT: $13m (previous guidanceSyntax Warning (1035215): Badly formatted number $12m) Cash NPAT 331% CAGR HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 About us 7 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 What sets Harmoney apart 8 Loans up to $100,000, average $18,000 Personalised pricing 5.76% - 24.99% One establishment fee, no other fees Up to 7 year loan terms Secured and unsecured options Disbursals within minutes Fair,simple, personal loan ● AU & NZ’s largest 100% consumer-direct online lender ● Market opportunity >$150bn, current market share <1% ● Our algorithms partner with Google’s to attract prime customers at low cost and our great customer experience sees them returning at near zero cost ● Deep first party data and AI models deliver prime loan book and 6.4% Risk Adjusted Income1 ● Funded by 3 of the “Big-4” Australian banks, plus public securitisations ● Stellare® automation drives a low cost to income, 19% in 1H26 ● Cash return on equity of 31% in 1H26 Consumer-direct lending,data driven automation Typical uses: Debt consolidation, home renovations, cars, weddings and other life events, education and travel. 1. Risk adjusted income (RAI) is income after funding costs and actual credit losses. HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 9 9 We’ve built a self-reinforcing growth engine where each customer generates 150% in subsequent lending at near-zero marginal acquisition cost. 150% Subsequent Lending Existing customers borrow an additional $27k after initial $18k loan. Our customer flywheel: Acquire once,earn 2.5X ~0% Repeat Customer CAC vs. ~5.6% for new customer acquisition. 15 Months Average time between first and second loan. HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 10 10 Four stages that create compounding economics with each customer How the Flywheel works First Loan ● $18,000 loan ● ~5.6% CAC = $1,000 Result: Unit economics that compound Subsequent loan(s) ● $27,000 loan (1.5x) ● 0% CAC = $0 Customer Acquisition ● Syntax Warning (1440538): Badly formatted number ~5.6% CAC via Google/AEO/Partners ● Prime customer profile Deliver experience ● Minutes to apply ● Instant decision ● Money in minutes Customer returns ● $0 CAC on repeat ● 1.5x additional lending ● Higher Customer LTV Data Intelligence ● Quality 1st party data ● Seasoned AI credit models 4 2 3 1 Stellare KPIs achieved ● RAI 6.4% ● RoE 31% $ HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Financial results 11 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Cash NPAT and Statutory NPAT surpass full year FY25 12 1H26 1H25 Change Loan book $857m $783m 9% Revenue $71.9m $64.4m 12% Net interest income 10.3% 9.0% 130bps improvement Risk adjusted income 6.4% 5.3% 110bps improvement Acquisition to originations ratio 3.1% 3.2% 10bps improvement Cost to income ratio 18.5% 18.1% 40bps increase Statutory NPAT $6.1m $2.0m 202% Cash NPAT $6.1m $2.3m 166% Return on Equity Statutory) 31% 11% 181% Return on Equity Cash 31% 13% 138% HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Stellare 2.0 driving loan book and revenue growth Loan book growth of 9% on pcp ● Stellare® 2.0 driving a re-acceleration in loan book growth, with the loan book up +9% on pcp to $857m, despite New Zealand loan book being suppressed by the weakest NZD since 2013 (group loan book $882m at 30 June 2025 exchange rate). ● NZ loan book up +5%, with originations up +49%, on pcp (in local currency) following rollout of Stellare® 2.0 in the NZ market in Jun-25. ● AU loan book up +17% on pcp, now 61% of Group. ● Revenue grew by +12% on pcp to $71.9m, driven by loan book growth and the average portfolio interest rate increasing to 17.2%, from 16.8% pcp. Revenue growth of 12% on pcp 13 12% Growth HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Net interest margin and risk adjusted margin continue to improve Stellare ® growing book and margins ● Interest rate on loan book up to 17.2% (16.8% pcp). ● Funding rate down to 7.0% (8.1% pcp). ● Loan book NIM up 130bps to 10.3% (9.0% pcp), new lending NIM continued at >10%. ● Credit losses up slightly to 3.9% (3.7% pcp) but expected to remain below 4%. ● Risk adjusted margin (after credit losses) up 110bps to 6.4% (5.3% pcp). 14 NIM & Risk adjusted margin Margin drivers HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Consistent credit performance Credit losses stable ● Deep consumer-direct data and AI credit models delivering prime loan book with 70% employed in professional, office or trades roles and 89% aged 30+. ● Credit losses 3.9% up 20bps from pcp, but within target range. ● Continuing low group 90+ day arrears at 0.58%, down from 0.64% pcp, and remaining at well less than half the Australian market average. 15 Low 90+ day arrears *Source: Equifax Australian Consumer Credit Demand Index 2025 Q4, Personal Loan series. Annualised loss rate 1.50% ●●● Australian Market Avg.* 0.58% ⎯ Harmoney 1H26 ⎯ Harmoney FY25 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Stellare ® automation underpins increasing profitability Exceptional proven scalability ● Loan book up +9%. ● Stellare® platform continues to drive an industry leading cost to income ratio of 18.5%. ● Underpins 1H26 Statutory and Cash NPAT of $6.1m, surpassing entire FY25 Cash NPAT. ● Annualised 1H26 Return on Equity of 31%. Cost to income ratio below 19% 16 Loan book $ Cost to income % HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Harmoney is capitalised for significant loan book growth without raising any equity 17 Reinvested profits fund loan book growth beyond $1.5b ● Growing profits fund future loan book growth, (i.e. $1m profit funds $25m loan book growth). ● 1H26 profits funded loan book growth and improved funding advance rates enabled the repayment of $7.5m of corporate debt. ● Capital efficient with borrowings 96% of loan book. ● Diversified funding from 3 of Australia’s “big-4” banks and an asset backed securitisation program.Syntax Warning (1851076): Badly formatted number ● Share buy-back is available until April 2026. Current cash supports $1.5b loan book Unrestricted Cash $24m Warehouse Equity $34m Funds current $857m loan book Supports 75% growth to $1.5b loan book 1. Accessible cash is loans funded by Harmoney which are available to be drawn down from funders as Unrestricted Cash. Accessible Cash 1 $5m HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Outlook 18 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Deliver Experience What we’re building ● Multi-product customers (personal+auto) ● Life event triggered lending Expected impact ✓ Increased average lifetime lending ✓ Expansion of total addressable market (TAM) Vehicle loan book up 18% on pcp PROGRESS FY 26  27 Accelerating the Flywheel 1 Customer Acquisition What we’re building ● Next generation AI underwriting with Stellare® 2.0 ● Embedded finance partnerships e.g. auto marketplaces Expected impact ✓ IncreasedSyntax Warning (1932343): Badly formatted number approval rate; maintained credit quality ✓ Expanded reach through partners 2 Originations up 27% on pcp PROGRESS Customer Returns What we’re building ● Mobile app with one click loan access ● Revolving credit line (instant funds) Expected impact ✓ Reduce time between loans ✓ Reduced blended CAC Continued CAC reduction PROGRESS Data Intelligence What we’re building ● Next Agentic AI for personalisation at scale ● Predictive retention models Expected impact ✓ Improved customer retention and satisfaction ✓ A ‘private banker’ automated application experience Proprietary customer data creates defensible AI advantage PROGRESS 3 4 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 31% Return on Equity accelerated profit growth More customers Combined effect: Flywheel acceleration Higher Lifetime value Faster velocity + + >$900m FY26 Loan book Guidance $13m FY26 Cash NPAT Upgraded Guidance = Stellare HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Appendix 21 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 $857m Loan Book - demographic consistency across the years 22 Loan purpose Region Employment status HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 $130m+ embedded cash value in existing loan book + Business Value 23 + Business value ● Proprietary, highly automated Stellare® 2.0 customer acquisition and credit assessment engine. Over 10,000 new applicants create an account every month. ● Existing customer base return for 150% in additional lending, at near zero cost. ● Loan book growing at >10% NIM and >6% risk adjusted income (income after funding costs and credit losses). ● Proven scalability with industry leading cost to income %. ● Diversified funding from 3 of the “big-4” Australian banks and an established asset backed security issuance program. Existing loan book value at 31 December 2025 $81m Market Capitalisation 16 Feb 2026 $48m Net cash & Warehouse Equity $82m+ Risk adjusted income embedded in existing loan book* $130m+ income and assets embedded * Applies typical repayment experience. Risk adjusted income calculated on contracted repayment schedule is significantly higher. NPV using a discount rate of 12%. HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 24 30% Management/Board owned,plus 10% shareholder aligned long term incentive plan HMY Shareholder Composition Long term incentive share plan ● New LTI plan approved at December 2025 AGM. ● Targets are based on shareholder-aligned Earnings per Share (EPS) growth and Total Shareholder Return (TSR) over next 3 years. ● EPS full vesting requires 25% CAGR EPS growth from FY26 base of $13.5m Cash NPAT1 . ● TSR full vesting requires HMY to be in the top 25% of the ASX Small Ordinaries Index. Founder & management 30% Pre-IPO Investors 20% Post-IPO Investors 50% Board & management Institutional & retail investors HMY Shareholders 1. EPS target is 25% annualised growth on FY26 Cash EPS of $0.1298, which is equivalent to Cash NPAT of $13.5m at current issued number of shares. HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Experienced & shareholder aligned leadership team 25 Deep FinTech experience, large shareholdings (Board & Management 30%) and long term incentive share plan. Long term commitment with average tenure 7+ years across the leadership team. David Stevens Chief Executive Officer 20+ years of experience in financial services. A highly experienced public company CEO specialising in consumer and commercial finance in Australia and NZ. Previously CEO of ASX listed Humm Group (FlexiGroup). Simon Ward Chief Financial Officer 15+ years of CFO experience and 20+ years experience in financial services across Australia, NZ and Europe. Brad Hagstrom Chief Operating Officer 25+ years of financial services experience across Australia and NZ. Previously Operations Manager of ASX listed Humm Group (Flexigroup). Anna Cupples Chief Digital Officer 20+ years of experience in delivering large-scale solutions, building high-performing teams, driving agile architecture, and strategy across complex enterprise environments in NZ. Glen MacKellaig Chief Marketing Officer 15+ years of experience in financial services marketing in Australia, NZ, UK and Canada. HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 26 Join our Investor Hub: harmoney.com.au/invest ● Investor Hub is the best way to stay informed and connected with all things ASX: HMY. ● Comment and ask questions directly to Harmoney’s leadership team and see other investors questions and responses. ● See videos accompanying our ASX announcements, interviews, research reports, and webinars. ● Join our mailing list to receive the latest news and updates from Harmoney by email. HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 27 1. Cash NPAT represents the underlying profitability of the business, adjusting for the impact of non-cash items. 6 Months ended 6 Months ended 6 Months ended 31 December 2025 30 June 2025 31 December 2024 $'000 $'000 $'000 Interest income 71,937 67,384 64,444 Other income - 419 - Total income 71,937 67,803 64,444 Interest expense 28,692 28,951 30,046 Incurred credit losses 16,420 14,605 14,238 Risk adjusted income 26,825 24,247 20,160 Customer acquisition expenses 7,435 7,479 6,199 Net operating income 19,390 16,768 13,961 Personnel expenses 5,789 6,249 5,361 Customer servicing expenses 3,160 3,190 2,777 Technology expenses 2,339 2,589 2,347 General and administrative expenses 2,035 1,343 1,196 Cash operating expenses 13,323 13,371 11,681 Cash tax expense - - - Cash NPAT ¹ 6,067 3,397 2,280 Non-cash adjustments Movement in expected credit loss provision (994) (783) 767 Share based payment expenses (1,406) (426) (298) Depreciation and amortisation expenses (1,053) (888) (741) Movement in deferred tax asset 3,444 2,210 - Statutory NPAT 6,058 3,510 2,008 Profit and loss HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 28 Key operating and financial metrics 6 Months ended 6 Months ended 6 Months ended 31 December 2025 30 June 2025 31 December 2024 Loan book value and growth Total originations ($'000) 242,670 207,506 191,339 New customer originations ($'000) 133,188 128,431 117,179 Existing customer originations ($'000) 109,482 79,075 74,160 Loan book (period end) ($'000) 856,664 828,692 782,819 Loan book (average) ($'000) 837,369 801,269 767,993 Average interest rate (%) 17.2% 16.9% 16.8% Average funding rate (%) 7.0% 7.5% 8.1% Net interest income (%) 10.3% 9.7% 9.0% Risk adjusted income (%) 6.4% 5.9% 5.3% Loan book quality Incurred credit loss ($'000) 16,420 14,605 14,238 Incurred credit loss to average gross loans (%) 3.9% 3.6% 3.7% Provision rate (%) 4.3% 4.4% 4.5% Productivity metrics Customer acquisition to origination ratio 3.1% 3.6% 3.2% Costs to income ratio 18.5% 19.7% 18.1% HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 29 6 Months ended 6 Months ended 6 Months ended 31 December 2025 30 June 2025 31 December 2024 $'000 $'000 $'000 Cash flows from operating activities Interest received 68,645 67,693 63,486 Interest paid (28,078) (28,910) (29,233) Fee income 359 66 66 Payments to suppliers and employees (23,438) (19,755) (18,375) Net cash generated by operating activities 17,488 19,094 15,944 Cash flows from investing activities Net advances to customers (66,140) (53,461) (41,184) Payments for software intangibles and equipment (2,360) (2,425) (2,279) Net cash used in investing activities (68,500) (55,886) (43,463) Cash flows from financing activities Proceeds from finance receivables borrowings 90,136 81,061 80,896 Repayments of finance receivables borrowings (32,659) (38,667) (43,461) Repayments of corporate debt (7,500) - - Purchase of Treasury shares (153) (127) - Principal element of lease payments (269) (285) (277) Net cash generated by financing activities 49,555 41,982 37,158 Cash and cash equivalents at the beginning of the period 52,617 47,233 37,744 Net increase/(decrease) in cash and cash equivalents (1,457) 5,190 9,639 Effects of exchange rate changes on cash and cash equivalents (1,014) 194 (150) Cash and cash equivalents at the end of the period 50,146 52,617 47,233 Cash Flow HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 30 Balance Sheet 31 December 2025 30 June 2025 31 December 2024 $'000 $'000 $'000 Cash and cash equivalents 50,146 52,617 47,233 Trade and other assets 3,530 3,594 3,853 Finance receivables 861,526 832,187 786,839 Expected credit loss provision (37,019) (36,812) (35,782) Property and equipment 3,676 2,339 2,611 Intangible assets 9,374 8,323 6,292 Deferred tax assets 16,700 15,600 12,628 Total assets 907,933 877,848 823,674 Payables and accruals 6,400 7,866 5,674 Borrowings 852,297 824,267 775,263 Lease liability 3,898 2,499 2,712 Derivative financial instruments 2,612 8,733 6,559 Total liabilities 865,207 843,365 790,208 Net assets 42,726 34,483 33,466 Share capital 127,320 127,473 124,561 Foreign currency translation reserve (2,915) 2 (899) Share based payment reserve 945 - 4,792 Cash flow hedge reserve (1,907) (6,217) (4,703) Accumulated losses (80,717) (86,775) (90,285) Equity 42,726 34,483 33,466 HARMONEY ©2026 1H26 INVESTOR PRESENTATION 19 FEBRUARY 2026 Important notice and disclaimer 31 No representation or warranty, express or implied, is made as to the fairness, completeness, accuracy, adequacy or reliability of information, opinions or conclusions in this presentation, including the financial information. To the maximum extent permitted by law, none of Harmoney, or its related bodies corporate, or their respective directors, officers, employees, contractors or agents, accept liability or responsibility for any loss or damage resulting from the use or reliance on this presentation or its contents or otherwise arising in connection with it by any person, including, without limitation, any liability from fault or negligence. The financial information in this presentation has not been audited. This presentation contains certain non-IFRS measures that Harmoney believes are relevant and appropriate to understanding its business. Investors should refer to the 1H26 Half Year Report for further details. All values are expressed in Australian dollars unless otherwise stated. All intellectual property rights in this presentation are owned by Harmoney. The material in this presentation is provided for general information purposes only and is current as at the date of this presentation. It is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation or offer to acquire Harmoney shares or other securities. It is not intended to be relied upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors should assess their own financial circumstances and seek professional legal, tax, business and/or financial advice before making any investment decision. The information in this presentation does not purport to be complete. It should be read in conjunction with Harmoney’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Harmoney Group’s business and operations, market conditions, results of operations and financial condition, specific provisions and risk management practices. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Harmoney Group and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date thereof. Past performance is not indicative of future performance.