H1 FY23 Financial Performance

Operating Cost Base Analysis H1 FY23 H1 FY22 Growth $'000 $'000 % Operating expenses¹ (excl. share-based payments) - H1 FY23 vs. H1 FY22 Operating expenses¹: $3.8m Employee benefits expense (excl. share-based payments) 47,693 45,113 5.7% $4.6m Contractor and consulting expenses 7,759 5,705 36.0% $65.3m Administrative and other expenses 15,504 10,965 41.4% Marketing expenses 3,609 2,998 20.4% Lending and non-lending losses 1,139 510 123.3% Total operating expenses 75,704 65,291 16.0% Employee benefits expense up 5.7% reflecting: > Full period impact of prior period remuneration reviews > Headcount reductions made in October 2022 benefiting November and December 2022 > 24 permanent roles made redundant | 31 contractors off-boarded Contractor and consulting expenses up 36.0% reflecting: > Increased cost for contractors working on Tyro Go and Tyro Pro prior to projects going live Administrative and other expenses up 41.4% reflecting: > $2.0 million increase in terminal management and logistics due > $1.4 million increase in new licences including investment in cyber-security and hosting Lending + non-lending losses up 123.3% reflecting: > $0.9 million in lending losses (H1 FY22: $0.1 million) - still well within risk appetite > $0.2 million in non-lending losses (H1 FY22: $0.4 million) Operating expenses excludes one-off costs to implement the cost reduction program and any M&A related spend. Refer to page 18 for a reconciliation of statutory to normalised results. H1 FY22 Operating Expenses¹ Increase in H1 FY23 employee, contractor + consulting Increase in H1 FY23 terminal management + logistics and other operating costs costs $1.4m Increase in H1 FY23 software licencing costs $0.6m $75.7m Increase in H1 FY23 lending and non-lending losses H1 FY23 Operating Expenses¹ 25

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