CUSCAL LIMITED — Interim / Quarterly Report 2026

Feb 23, 2026

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ASX ANNOUNCEMENT

24 February 2026

Cuscal delivers strong 1H FY26 result and updates FY26 outlook

Cuscal Limited (ASX: CCL) (“ Cuscal ” or the “ Company ”), a leading independent Australian B2B payments business, announces its financial results for the six months ended 31 December 2025 ( 1H FY26 ).

Profit after tax ( NPAT ) increased by 76% to $21.5 million, compared to $12.2 million in the prior corresponding period ( 1H FY25 ).

results are presented on an underlying basis, removing the impact of significant non-recurring, nonoperational items and associated tax implications.

In 1H FY26, non-recurring costs associated with the acquisition of Indue Limited ( Indue ) and prior year tax losses totalled $2.7 million after tax. In 1H FY25, statutory earnings were impacted by non-recurring offer costs and other expenses directly associated with the Company’s ASX listing totalling $9.3 million after tax.

1H FY26 highlights:

• Completed acquisition of Indue on 1 December 2025, contributing $5.3 million to Net Operating Income.

• Transaction volume growth of 9%,

• Total Net Operating Income increased 10% to $161.5 million .

• Underlying NPAT increased 13% to $24.2 million , a NPAT margin of 15 %.

• Robust capital position; interim dividend of 4.5 cents per share .

Commenting on the result, Cuscal Managing Director Craig Kennedy said:

disciplined execution of our strategy.

delivering the synergy targets on schedule.

“With a commitment to innovation and proven execution capability, we are well placed to continue delivering value for our clients and shareholders.”

Underlying Outlook

Cuscal remains focused on extending its products to new segments and markets, embedding the risk management uplift currently underway, and progressing the integration of Indue.

full year outlook. The Company now expects high-single-digit transaction volume growth to translate to mid-teens full year Underlying NPAT growth (%). Earnings in the first half of the financial year are expected to represent approximately 55% of full year Underlying NPAT. This includes the impact of higher Net Interest Income in the first half of the fiscal year prior to capital deployment to acquire Indue.

Conference Call Details

Jennifer Brice will host a webcast and conference call for analysts and investors.

Registration details are included below:

Date & time: Tuesday 24 February 2026 at 10:30am (AEDT) Conference call: https://s1.c-conf.com/diamondpass/10052418-eht4j1.html Webcast: https://webcast.openbriefng.com/ccl-hyr-2026/

ENDS

This announcement was authorised for release by the Cuscal Board.

For all enquiries

Wynne Edgson Investor Relations investor@cuscal.com.au +61 421 822 226

Forward-Looking Statements

looking terminology such as “may”, “will”, “expect”, “intend”, “anticipate”, “estimate”, “continue”, “assume”, “forecast”, “target”, or the negative thereof or comparable terminology. These forwardlooking statements involve known and unknown risks, uncertainties and other factors which may cause Cuscal’s actual results, performance, achievements, and/or industry results to be materially different from any future results, performance, achievements and/or industry results, expressed or implied by such forward-looking statements. Cuscal undertakes no obligation to update or revise any forwardlooking statements except as required by law.

About Cuscal Limited (ABN 95 087 822 455 AFSL 244116)

Cuscal is an authorised deposit taking institution (ADI), with the licences, connectivity and processing capability to support all payment types and regulated data services. The combination of these capabilities and credentials within a single organisation in Australia is limited to the four major Australian banks and Cuscal. Cuscal powers seamless and secure connections for its clients and their customers. Having originally been formed in 1966 to service Australia’s mutual banking organisations, Cuscal’s business has focused on innovation and investment to expand its capabilities to be a leading player in Australian payments.

Tel: (02) 8299 9000

Level 11 PO Box Q279 Tower 1 Darling Park Queen Victoria Building 201 Sussex Street NSW 1230 Sydney NSW 2000

www.cuscal.com