HANSEN TECHNOLOGIES LIMITED — Investor Presentation 2025

Aug 19, 2025

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IMPORTANT NOTICE
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This presentation has been prepared by Hansen Technologies Limited (Hansen)

Information contained in this presentation:

Definitions:

• Is intended to be general background information only, and is not intended that it be relied upon as advice to investors or potential investors and is not an offer or invitation for subscription, purchase, or recommendation of securities in Hansen.

• FY21 = financial year ended 30 June 2021

• FY22 = financial year ended 30 June 2022

• FY23 = financial year ended 30 June 2023

• 1H24 = six months ended 31 December 2023

• Should be read in conjunction with Hansen's financial reports and market releases on ASX.

• 2H24 = six months ended 30 June 2024

• FY24 = financial year ended 30 June 2024

• Includes forward-looking statements about Hansen and the environment in which Hansen operates, which are subject to significant uncertainties and contingencies, many of which are outside the control of Hansen – as such undue reliance should not be placed on any forward-looking statements as actual results or performance may differ materially from these statements.

• 1H25 = six months ended 31 December 2024

• 2H25 = six months ended 30 June 2025

• FY25 = financial year ended 30 June 2025

• FY26 = financial year ended 30 June 2026

• EBITDA* = Earnings before interest, tax, depreciation and amortisation, excluding net foreign exchange gains (losses)

• Includes statements relating to past performance, which should not be regarded as a reliable guide to future performance.

• Underlying EBITDA* = Earnings before interest, tax, depreciation and amortisation, excluding net foreign exchange gains (losses), not including non-recurring items

• Includes certain financial information not recognised under IFRS which Hansen considers useful to assist in evaluating Hansen’s performance – however, such information has not been subject to audit or review in accordance with Australian Auditing Standards.

• Cash EBITDA* = Underlying EBITDA, less Capitalised development costs

All dollar values are in Australian dollars (A$) unless otherwise stated.

• NPAT = Net profit after tax

• NPATA* = Net profit after tax excluding tax effected amortisation of acquired intangibles and non-recurring items

• EPSa = Earnings per share on NPATA

• EBITDA and NPATA are non-IFRS measures that have not been audited or reviewed by Hansen’s auditors.

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AGENDA

• Overview

• Results Details

• Sustainability

• M&A & AI Update

• Outlook

• Q&A

• Financial Statements

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FY25 FINANCIAL SUMMARY

Operating Revenue $392.5m Up 11.2%

Underlying EBITDA $111.7m Up 20.9% Underlying EBITDA Margin 28.5%

Communications & Media Revenue $171.3m Up 15.0%

Cash EBITDA $93.4m Up 21.5% Cash EBITDA Margin 23.8%

Energy & Utilities Revenue $221.2m Up 8.3%

Underlying NPATA $56.9m Up 43.3%

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Signed a transformative $50m fiveyear agreement with VMO2 , a Joint Venture between Telefónica and Liberty Global

A strategic five-year agreement with one of USA’s largest renewable energy portfolios, for an estimated contract value of $16m

Acquired assets from CONUTI in Germany enhancing our investment and presence in the German market

Restructured business into two operating verticals for better operating efficiency and alignment

Harnessing AI to boost productivity through smarter automation and rapid application rollout Delivered strong EBITDA growth with Underlying and Cash EBITDA margins well above original expectations

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STRONG OPERATING MOMENTUM DRIVES GROWTH IN REVENUE, CASH AND EBITDA

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Operating Revenue ($m)
FY22 FY23 FY24 FY25
392.5
353.1
296.5 311.8
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• Operating revenue up 11.2% from FY24, supported by strong industry tailwinds in both Verticals

• The core business achieved an Operating revenue CAGR across the last 3 years of circa 6%

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Underlying NPATA ($m)
• Underlying NPATA up
43.3% from FY24
• NPAT up 105.7% and
Underlying NPAT up
52.3%
• Increases are supported Increases are supported
by the integration of
powercloud and
recognition of tax assets
FY22 FY23 FY24 FY25
58.2 55.6 56.9
39.7
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• Increases are supported Increases are supported by the integration of powercloud and recognition of tax assets

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Underlying EBITDA ($m)
• Underlying EBITDA
increased 20.9% vs FY24,
reflecting improved
efficiency, cost discipline
and a faster than
anticipated shift to
profitability in Germany
• Solid Underlying EBITDA
margin of 28.5%
FY22 FY23 FY24 FY25
111.7
100.3 99.5
92.4
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Cash EBITDA ($m)
• Cash EBITDA increased
21.5% with an FY25 Cash
EBITDA margin of 23.8%
• Our continued investment
in R&D and AI-driven
product innovation
enhances customer
outcomes and drives
future growth
FY22 FY23 FY24 FY25
93.4
84.7
78.4 76.9
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HARNESSING GLOBAL REACH AND DIVERSITY TO DRIVE GROWTH

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Revenue Diversity
20%
AMERICAS Communications 44%
& Media
APAC 12%
56%
Energy & Utilities
EMEA
68%
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• Supporting hundreds of Tier 1 and 2 clients in over 80 countries, Hansen generates revenue that is highly diversified by geography, industry vertical, currency, and product line

• Hansen’s steady, predictable income is underpinned by long-term contracts in two essential service segments Communications & Media and Energy & Utilities

• This diversity and contractual stability helps provide strong protection against customer or market concentration, reinforcing the resilience of Hansen’s global business model

Support & Application Revenue ($m)

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59.8
60.1
57.3 43.6
53.2 60.8
54.5
52.8
237.4
195.0
155.7 169.2
FY22 FY23 FY24 FY25
EMEA APAC AMERICAS
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• Highly predictable and repeatable revenue sources

• Key implementation activities completed during FY24 in Americas & APAC with strong growth of 21.8% in EMEA

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Licence Revenue ($m)
• Under IFRS 15, licence
recognition varies by
customer and solution
49.9 • Certain contracts require
36.3 upfront licence revenue
33.4
29.3 recognition
• Term licences contribute Term licences contribute
~9–12% of annual revenue
FY22 FY23 FY24 FY25
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• Term licences contribute Term licences contribute ~9–12% of annual revenue

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COMMUNICATIONS & MEDIA

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Revenue by Region ($m)
7.4
10.7 10.3 11.6
32.1
38.2 31.2 28.0
AI
131.8
98.5 105.6 109.3
FY22 FY23 FY24 FY25
EMEA AMERICAS APAC
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Licence Revenue ($m)
40.3
25.6 24.2 24.6
FY22 FY23 FY24 FY25
Licences
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Contribution Margin

Result ($m)	FY25	FY24	Variance (%)
Revenue Segment Expenses	171.3 77.4	148.9 75.9	15.0% 2.0%
Segment Result	93.9	73.0	28.6%
Contribution Margin	54.8%	49.0%

Market Trends:

• Market Growth : Rising demand for 5G, IoT, and digital services is driving the need for agile CPQ, Catalog, and Provisioning solutions

• Tech Evolution: Telcos are seeking AI-driven product catalogs, real-time provisioning, and dynamic pricing to stay competitive

• Revenue Shift: Operators are expanding into network slicing, IoT, and bundled services, needing faster activation and flexible offers

• Key Trends: AI-powered CPQ, cloud-native catalog management, no-code configuration, and API-led automation

Why This Is Good for Hansen:

• Hansen CPQ & Catalog streamlines complex pricing and quoting and ensures real-time, consistent product management

• Hansen Provision automates activation, reducing costs and time-to-market

• Competitive Edge: API-first, modular solutions for seamless telecom integration

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ENERGY & UTILITIES

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Revenue by Region ($m)
46.6
45.1
38.6
39.7
29.6 53.1
45.2 47.0
136.0
106.0
74.3 78.0
FY22 FY23 FY24 FY25
EMEA APAC AMERICAS
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Support and Application Revenue ($m)

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68.6
74.7
64.9
51.7
141.7
117.2
88.4 93.7
FY22 FY23 FY24 FY25
Support & Maintenance Application
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Contribution Margin

Result ($m)	FY25	FY24	Variance (%)
Revenue Segment Expenses	221.2 140.5	204.2 116.3	8.3% 20.8%
Segment Result	80.7	87.9	(8.2%)
Contribution Margin	36.5%	43.0%

• The E&U Segment result in FY25 was impacted by one-off restructuring costs relating to powercloud and the core, as well as the short-term impact of the lower gross margins from the powercloud acquisition.

• Excluding powercloud, the E&U Segment Revenue 3 year CAGR exceeds 6%

Market Trends:

• Smart Metering Growth : EU electricity customers with smart meters will increase from 60% (2023) to 80% (2029)[(1)]

• Tech-Driven Expansion : New IoT technologies accelerating smart metering adoption[(1)]

• CIS Market Growth : Customer information systems market will reach $2.73B by 2029, growing at 13.3% CAGR[(2)]

• Key Trends : AI, predictive analytics, IoT, mobile access, personalisation, real-time processing, digital twins

Why This is Good for Hansen:

• Market Opportunity : Growth in smart metering and CIS aligns with Hansen’s expertise

• Tech Integration : Hansen’s AI, IoT, and analytics support utility transformation

• Customer-Centric Solutions : Hansen helps utilities enhance billing, operations, and customer engagement

• (1) Europe Smart Metering Industry Report 2025-2029. Dublin, March 20, 2025 (GLOBE NEWSWIRE)

• (2) www.researchandmarkets.com/reports/5971064/customer-information-system-market-report

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STRONG CASH GENERATION AND CONVERSION

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Group Cash Flow ($m)
$30.4m – Free Cash Flow
Operating Activities
Investing Activities
Financing Activities
(329.8)
409.6
(7.2)
(37.0) (5.2)
(9.0)
(18.9) (0.3)
46.0 48.2
Opening Cash Receipts Payments to Net Investing Lease Debt Dividends FX Closing Cash
Balance from suppliers Interest, Activities liabilities movements paid Balance
customers and Tax & & Other
employees Other
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• Reinvesting in our products • $18.3m of capitalised R&D with more expensed refining our core products

• Returning funds to shareholders • Paid out $18.9m of dividends to shareholders

• Continued M&A investment • The Group purchased assets from CONUTI for $11.2m and invested $2.2m in Dial AI

• Strong Cash flow Conversion • Cash Conversion Ratio which is EBITDA divided by Net cash from operating activities is stable at 0.7x

• • Reflecting the continued wind down of working capital, at the time of this presentation Hansen is Net cash positive

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ROBUST FINANCIALS, DISCIPLINED CAPITAL USE

Rapid Debt Reduction

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Borrowings ($m)
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Sigma
185.8
158.4 powercloud CONUTI
117.5
87.9
70.2 65.4
54.3
FY19 FY20 FY21 FY22 FY23 FY24 FY25
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Strong and Stable Cash Generation Cash Conversion Ratio[2]

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0.9x
0.9x
0.8x 0.8x
0.7x
0.7x
0.7x
FY19 FY20 FY21 FY22 FY23 FY24 FY25
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Borrowing Levels Down $120.4m since FY19

Borrowing levels down 65% including recent acquisitions Leverage Ratio[1] less than 0.2x

Dividends

$120.7m paid since FY19

We prioritise the careful return of funds to our shareholders while retaining sufficient capital for further acquisition opportunities

1. Leverage Ratio is Net Debt (Cash Assets less Interest-Bearing Liabilities) divided by Underlying EBITDA. Underlying EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation and excluding net foreign exchange gains (losses) and separately disclosed items, which represent the one-off costs during the period.

2. Cash Conversion Ratio is EBITDA divided by Net cash from operating activities

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DISCIPLINED, CUSTOMER-FOCUSED R&D DRIVES INNOVATION AND LONG-TERM VALUE

Driving Forces for R&D:

R&D Spend Allocation:

Customer-Led Innovation – Enhancing product capabilities to meet evolving customer needs Regulatory & Market Trends – Staying ahead of industry standards and competitive pressures Technology Advancements – Leveraging AI, cloud, and automation for next-gen solutions Operational Efficiency – Improving scalability and cost-effectiveness of our solutions

Energy & Utilities Sector

• Transition to renewable energy , decentralised grids and Virtual Power Plants

• Demand for smart metering & real-time billing solutions

• Increasing regulatory compliance and market reforms

Telecommunications & Media

• Evolution to 5G, IoT, and network virtualisation .

• Need for scalable, cloud-based BSS/OSS solutions

• Growth in subscription-based & bundled services

Disciplined R&D Investment:

Strategic Focus – Aligning R&D spend with long-term growth and value creation ROI-Driven Decisions – Prioritising projects with strong commercial potential Governance & Review – Regular assessment to ensure efficiency and impact

Capitalised – Long-term product development investments Expensed – Continuous enhancements & operational improvements including market-leading solutions developed with client funding

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Capitalised
47%
53%
Expensed
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~$34.5m spent on Capitalised and Expensed R&D in FY25

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FY25 Highlights

	Exceeded Emissions Reduction Target Achieved a 40% reduction in Australian emissionstwo years ahead of FY26 target; Australia certified carbon neutral for the fourth consecutive year
	Global Emissions Benchmarking Established global Scope 1–3 GHG emissions baseline
	Customer-Focused Climate Innovation LaunchedAI-Optimised Trade Solutionand expandedCommunity SolarPlatform supporting customers' net-zero transitions
	Inclusive and Diverse Workforce Maintainedstrong female leadershiprepresentation and delivered a new wellbeing & safety hub
	Strengthened Supplier Engagement Rolled outsustainability self-assessments to suppliersenhancing transparency and supply chain resilience
	Climate Scenarios Conductedclimate scenario analysiswith independent experts to assess climate risks and opportunities and support resilient strategic planning
	ASRS Readiness CompletedIFRS/ASRS readiness assessmentand delivered largely AASB S2 compliant Sustainability Report to enhance disclosure quality and align with emerging standards
	Material Topics Refreshed materiality assessmentwith global stakeholder engagement to ensure our strategy aligns with key ESG priorities

Sustainability Recognition

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Since FY21, Hansen’s Australian operations have been certified carbon neutral by Climate Active. We have invested only in tangible wind power projects. Moving forward we will begin shifting our focus to a sciencebased emissions reduction pathway

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In November 2024, Hansen was awarded the EcoVadis "Committed" badge, recognising our strong performance in sustainability and commitment to continuous ESG improvement.

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In March 2025, MSCI upgraded Hansen’s ESG rating to AA, recognising Hansen as a leader in managing ESG risks and opportunities.

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• Andrew Hansen – Global CEO & Managing Director

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A LONG-TERM TRACK RECORD OF VALUE CREATION THROUGH M&A

13 Successful acquisitions since 2008

2008	2010	2013	2013	2014	2015	2016	2016	2017	2019	2024	2025
Peace	Nirvanasoft	ICC	Utilisoft	Banner	Telebilling	PPL	HiAffinity	Enoro	Sigma	powercloud	Dial AI
											CONUTI
Increased	Expansion	Extends HSN	Adds 15 new	Adds a water	Adds	Extends	Water billing	Builds upon	Expands	Expands	Secures key
industry	into North	to the media	Australian	billing	established	HSN's	to the UK,	existing	scale and	HSN’s	IP in the
presence	American	and	utilities	segment with	European	footprint into	Australia,	European	scope and	German	German
globally	market	entertainment	customers	customers in	telco clients,	the US	Africa	Energy	provides	presence and	region and
		industry		US, Canada	extends		& Americas	footprint with	cross-selling	future	provides a
				and the	product			market	opportunities	expansion	unique call
				Caribbean	offering to			leading	in the Comms	into the	centre
					include ERP			Nordic	global space	DACH	offering for
					and CRM			software		Region	our
											customers

Operating Revenue ($m)

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392.5
353.1
FY08 – FY25 CAGR
311.8
301.4 296.5
Operating Revenue +14.5% 286.7
Underling EBITDA +14.7% 230.8 231.3
174.7
149.0
EMEA APAC AMERICAS
106.3
86.0
54.3 57.8 57.6 56.6 63.8
39.1
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
Excludes Telefónica Germany licence revenue of $20m
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powercloud now cash generative and delivered positive Underlying EBITDA for FY25

Pipeline building, driven by Germany’s energy transition and smart meter rollout

Significant investment behind the core German product meeting the regulatory change deadline on time and on budget

Continued investment in Germany with the acquisition of key assets from CONUTI

Continued focus on existing customers in the German market, with a re-launch finalised as Hansen Germany

Focused on product enhancement to support customers in the rapidly changing German market

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M&A STRATEGY

Hansen continues to actively manage its M&A pipeline and is well placed to execute on strategic opportunities with strong operational and financial bandwidth

Targeted Industry Criteria

Energy & Utilities:

• Targeting entry into high-growth markets or scale/product expansion in existing jurisdictions (e.g. CIS, MDM, energy trade, market messaging, etc.)

Communications & Media:

• Pursuing solutions aligned with global standards (e.g. TM Forum) that enhance scale and complement Hansen’s global product platform (e.g. CC&B, catalog, provisioning, etc.)

Third Industry Vertical:

• Exploring new verticals that demonstrate strong strategic alignment and offer opportunities to leverage Hansen’s commercial and technical capabilities – particularly in financial services, healthcare, and education

• A focused analysis of the insurance sector reveals a high degree of alignment with Hansen’s core strengths, indicating strong potential for growth and impact

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Company-Specific Criteria

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Focus on providing mission Clear ownership of
critical, enterprise software intellectual property (IP)
Opportunities for technology Predictable and recurring
leverage or transfer revenues and cash flows
Long-term tier 1 and 2 Leverage our commercial &
customer relationships technical delivery expertise
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AI now a core enabler of Hansen’s technology roadmap

Strategic AI Integration across key platforms and product lines to enhance automation, analytics, and decision-making

Productivity gains realised through automation of repetitive tasks and intelligent workflow optimisation

Headcount efficiencies achieved without compromising delivery or customer experience Enhanced support scalability across global operations

Smarter Operations – AI in Action

AI-driven tools are transforming Hansen’s core operational areas by accelerating speed, reducing manual effort, and improving quality:

• Testing and QA Efficiency

Automated test generation and defect prediction are significantly reducing QA cycles and increasing release confidence helping to reduce costs significantly

• Customer Support Resolution & Documentation

AI-powered knowledge retrieval and case triaging are shortening response times, enabling faster, more accurate support at scale reducing reliance on analysts

• Data Migration & System Integration

Intelligent mapping and validation tools are streamlining complex migrations, lowering risk and reducing time-to-value for customers

Outlook – Scaling AI Impact

Hansen is planning to build long-term advantage through deep AI integration

Deep AI integration

•

Across development, testing, and product workflows to drive structural cost savings

Enhanced R&D efficiency

•

Automation supporting margin growth without proportional headcount increases

Investment in predictive analytics

•

AI-driven insights to create new revenue opportunities Continued AI expansion

To improve service quality, scalability, and customer satisfaction

Strengthened customer engagement Leveraging AI to deliver personalised experiences and proactive support

Sustained competitive advantage

AI is helping position Hansen for sustained competitive advantage and long-term value creation

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OUTLOOK
Andrew Hansen – Global CEO & Managing Director
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OUTLOOK

Hansen continues to target organic revenue growth of 5–7% over the medium-term , supported by sector tailwinds and ongoing product innovation, noting that FY25 had a higher proportion of licence revenue than is expected in FY26. We continue to target a medium-term Underlying EBITDA margin of 30% or above through disciplined cost management and operational efficiency

Growth Indicators

Decarbonisation mandates: Stricter global emissions targets force utilities to modernise billing and analytics, directly boosting demand for Hansen’s modules and distributed-asset monetisation solutions

Smart-grid roll-outs: National smart-meter and grid-modernisation programmes expand meter-point volumes, expanding the addressable market for Hansen’s scalable billing, CRM and data-management platforms

Digital transformation: We are beginning to see increased IT spending by Energy and Telecommunications operators on cloud migration, best-in-breed software and API-driven ecosystems which accelerates the adoption of Hansen’s cloud-first, integration-ready software

5G and edge computing: The roll-out of 5G and edge-computing services, demands high-throughput, low-latency billing and settlement. This plays to Hansen’s strengths in large-scale transaction processing and partner-ecosystem integrations AI and data-analytics adoption: Operators embedding AI/ML for predictive maintenance and personalised customer engagement tap directly into Hansen’s growing suite of AI-enabled modules and analytics toolkits

ESG and regulatory reporting: New disclosure regimes require robust data-capture, audit-trail and compliance workflows - driving the need for Hansen’s highly accurate data analytics modules

Electrification of transport: The continued rapid uptake of EV’s creates thousands of new charge-point meter points, feeding Hansen’s billing engines and accelerating recurring-revenue growth

Industry consolidation and partnerships: There will be continued consolidation across the market as regional providers struggle to keep up with increased demands for product innovation, helping support Hansen’s M&A strategy

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Q&A

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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

FOR THE YEAR ENDED 30 JUNE 2025
	2025	2024
	$'000	$'000
Operating revenue	392,486	353,106
Other income	11,817	2,328
Total revenue from contracts with customers and other income	404,303	355,434
Employee benefit expenses	(225,077)	(209,228)
Depreciation expense	(12,049)	(12,218)
Amortisation expense	(40,393)	(37,254)
Property and operating rental expenses	(3,598)	(3,341)
Contractor and consultant expenses	(4,447)	(5,910)
Software licence expenses	(6,026)	(4,008)
Hardware and software expenses Travel expenses	(33,665) (3,499)	(29,872) (3,322)
Communication expenses	(1,701)	(2,005)
Professional expenses Finance costs on borrowings	(10,992) (3,742)	(6,724) (3,786)
Finance costs on lease liabilities	(1,540)	(1,019)
Foreign exchange gains / (losses)	50	(912)
Other expenses	(3,637)	(5,151)
Share of net loss of associate	(45)	-
Total expenses	(350,361)	(324,750)
Profit before income tax expense	53,942	30,684
Income tax expense	(10,618)	(9,620)
Netprofit after income tax expense(NPAT)	43,324	21,064
Other comprehensive income/(expense)
Items that may be reclassified subsequently to profit and loss
Exchange differences on translation of foreign operations	17,099	(5,552)
Other comprehensive income/(expense)for theyear,net of tax	17,099	(5,552)
Total comprehensive income for theyear	60,423	15,512
Basic earnings (cents) per share attributable to ordinary equity holders of the Company	21.3	10.4
Diluted earnings (cents) per share attributable to ordinary equity holders of the Company	21.0	10.3

RECONCILIATION OF UNDERLYING EBITDA AND NPATA

FOR THE YEAR ENDED 30 JUNE 2025

Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA)[1] - Reconciliation

	2025	2024
	$'000	$'000
Profit before income tax expense	53,942	30,684
Add back
Amortisation expense	40,393	37,254
Depreciation expense	12,049	12,218
Finance costs on borrowings	3,742	3,786
Finance costs on lease liabilities	1,540	1,019
Finance income	(340)	(227)
Share of losses/(profits) from associates	45	-
Foreign exchange losses / (gains)	(50)	912
EBITDA1	111,321	85,646
Add back
Separately discloseditems	329	6,731
Underlying EBITDA2	111,650	92,377
Less
Capitalised development costs	18,278	15,461
Cash EBITDA3	93,372	76,916

1 EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation, excluding net foreign exchange gains/(losses) and loss on investments in associates.

2 Underlying EBITDA, exclude separately disclosed items, which represent the one-off costs during the period. Further details of the separately disclosed items are outlined in Note 4 to the Financial Report which can be found on the Company’s web site.

• 3 Cash EBITDA is Underlying EBITDA less Capitalised development costs

Underlying net profit after tax before acquired amortisation, net of tax (NPATA)[1] - Reconciliation

Netprofit after income tax expense(NPAT)	43,324	21,064
Add
Tax effect of separately disclosed items	(4,089)	(1,800)
Separately discloseditems	329	6,731
Underlying net profit after income tax expense for the half-year (Underlying NPAT)2	39,564	25,995
Add
Acquired amortisation,net oftax	17,349	13,717
Underlying net profit after income tax before acquired amortisation, net of tax (Underlying NPATA)1	56,913	39,712

• 1 Underlying net profit after tax, before acquired amortisation, net of tax, or Underlying NPATA, excludes separately disclosed items, which represent oneoff costs incurred during the financial year and acquired amortisation, net of tax.

• 2 Underlying net profit after tax or underlying NPAT exclude separately disclosed items, which represent the one-off costs during the financial year.

These statements should be read in conjunction with Hansen's financial reports and market releases on ASX

Includes certain financial information not recognised under IFRS which Hansen considers useful to assist in evaluating Hansen’s performance – however, such information has not been subject to audit or review in accordance with Australian Auditing Standards

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CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

	2025	2024
	$'000	$'000
Current assets
Cash and cash equivalents	48,191	46,021
Receivables	60,986	62,829
Accrued revenue	54,969	36,508
Othercurrent assets	8,264	7,640
Total current assets	172,410	152,998
Non-current assets
Investments accounted for using the equity method	2,148	-
Plant, equipment & leasehold improvements	12,786	15,710
Intangible assets1	384,977	373,409
Right-of-use assets	16,510	16,385
Deferred tax assets	11,099	7,013
Other non-current assets	1,312	1,317
Total non-current assets	428,832	413,834
Total assets	601,242	566,832
Current liabilities
Payables	31,958	31,534
Lease liabilities	4,684	4,889
Current tax payable	8,179	3,727
Provisions	29,117	30,208
Unearnedrevenue1	34,471	38,837
Total current liabilities	108,409	109,195
Non-current liabilities
Payables	449	-
Deferred tax liabilities1	30,443	33,308
Borrowings	65,414	70,221
Lease liabilities	13,512	14,240
Provisions	939	915
Unearned revenue	2,126	1,808
Total non-current liabilities	112,883	120,492
Total liabilities	221,292	229,687
Net assets	379,950	337,145
Equity
Share capital	152,059	150,599
Foreign currency translation reserve	18,806	1,707
Share-based payment reserve	14,722	13,440
Retained earnings	194,363	171,399
Total equity	379,950	337,145

1 Certain balances have been restated in accordance with the accounting for business combination following the finalisation of acquisition accounting associated with powercloud. Refer to Note 25 to the Financial Report which can be found on the Company’s website.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

	2025	2024
	$'000	$'000
Cash flows from operating activities
Receipts from customers	409,571	382,879
Payments to suppliers and employees	(329,761)	(304,441)
Interest received	340	227
Finance costs on borrowings	(3,467)	(3,501)
Finance costs on lease liabilities	(1,540)	(1,019)
Net receipts/(transaction costs) relating to the acquisition of a subsidiary	10,147	(519)
Income tax paid	(12,673)	(14,520)
Net cash inflow from operatingactivities	72,617	59,106
Cash flows from investing activities
Payments for investment in associate	(2,184)	-
Payment for acquisition	(11,221)	(38,303)
Payments for plant, equipment and leasehold improvements	(5,348)	(5,060)
Payment for capitalised development costs	(18,278)	(15,461)
Net cash outflow from investingactivities	(37,031)	(58,824)
Cash flows from financing activities
Proceeds from borrowings	8,950	55,270
Repayment of borrowings	(17,767)	(37,334)
Establishment of loan fees	(210)	(205)
Repayment of lease liabilities	(5,181)	(5,983)
Dividends paid, net of dividend re-investment	(18,897)	(18,403)
Net cash outflow from financingactivities	(33,105)	(6,655)
Net increase/(decrease)in cash and cash equivalents	2,481	(6,373)
Cash and cash equivalents at beginning of the year	46,021	54,279
Effects of exchange rate changes on cash and cash equivalents	(311)	(1,885)
Cash and cash equivalents at end of theyear	48,191	46,021

These statements should be read in conjunction with Hansen's financial reports and market releases on ASX

Includes certain financial information not recognised under IFRS which Hansen considers useful to assist in evaluating Hansen’s performance – however, such information has not been subject to audit or review in accordance with Australian Auditing Standards

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