ASX:AU1 · 28 August 2025Price sensitive

Investor Update

August 2025 Investor Update

Benefits of The Agency Model The Agency offers a unique direct model with national reach, enabling seamless client experiences and cross- country referrals through a single workflow—whether in Rockhampton, Sydney, or Perth.

Unlike franchise models restricted by postcodes and rigid systems, our Property Partners can list and sell freely. They Due to its scale, The Agency is able to offer all agents a gain immediate access to an integrated tech stack, expert singular and consistent market leading technology resources, and a collaborative, performance-driven culture. solution at every stage of the prospecting, listing and Our proprietary data lake connects various SaaS platforms selling stage of the buying and selling journey. via API, creating consistent workflows that can’t be replicated with off-the-shelf solutions. Combined with our nationwide agent support and end-to-end technology, The Agency leads in delivering efficient, tech-driven real estate success.

The Agency Group: Exposure through a national corporate model to the Australian residential market with access to the economic benefits of Our Value Proposition scale via: • Residential Sales • Property Management • Conveyancing/Settlements • A truly National real estate business. Not a franchise model, so can institute change when required and create positive culture. • Large addressable national markets: Sales Agents Nationally +A$7 billion Gross Commission Income (GCI) market: Agent numbers at 30 June 2025 The Agency in FY25 $125.3 million GCI. +A$8 billion Residential Property Management portfolio market: The Agency PM rights portfolio valued at $37.41 million^ 41 • Operational Cashflow now funding growth initiatives. 168 • Platform now in place so increased revenue drops to the bottom line. • Strong balance sheet, operational cash flow positive. 193 • Experienced management team in place to execute the grow plan. 24

^For the year ended 30 June 2025, the Company obtained an independent professional valuation of the rent rolls which indicated the market value of these assets to be around $37.41 million. As a result of the valuation, there is significant shareholder wealth held off balance sheet ($33.74 million), with only $3.67 million of the $37.41 million valuation being held on balance sheet. 3

Why be a The Agency’s Competitive Advantage

Shareholder of ▪ Flexible Model: Unlike traditional franchises constrained by rigid agreements and the franchise code, The Agency operates a direct engagement model that The Agency? is more adaptable to industry changes.

▪ Difficult to Replicate: Franchise brands face legal and operational hurdles to shift models. The Agency already holds the necessary state-based licenses and regulatory knowledge.

▪ National Scale: Strong leadership and operational infrastructure across Australia, managing 440+ agents and ~12,000 properties. • Strong Balance Sheet, cash flow positive. ▪ Financial Strength: Profits from sales and property management funding • Large addressable national markets of +$7bn GCI & +$8bn PuM for growth into other territories. The Agency to grow into, both in established states and expanding states. ▪ Property Management Delivers Recurring Revenue: Year-on-Year increase of ~15% in annual recurring revenue from a diversified portfolio valued at • Opportunities for both the sales business and the property $37.41M. management business. • Increasing revenue now funding growth and contributing to the ▪ Rent Roll Acquisition: Strategic partnership with Trilogy Funds ($2B FUM) bottom line. has funded $40M+ in rent roll acquisitions. • Our target of $200m GCI and 180 PM per manager will allow the ▪ New Growth Channel: Introducing a flexible model for independently branded company to continue growing and potentially pay dividends. offices. • The only listed residential real estate investment opportunity.

FY2025 Key Takeaways In Focus (Unaudited Numbers)

$1.12M $98.54M Sales Business

Underlying EBITDA1 Combined Group Revenues ▪ Net Revenue4 (revenue retained by AU1 from sales (FY2024: -$446k) (FY2024 : $87.97M) business after costs) of $23.2M for FY2025 ($20.6M: FY2024) ▪ The Agency model helps agents perform better by 11,968 $35.87M increasing agent productivity by a minimum of 10% ▪ Net Rating score by vendors of over 80% Properties Under Management – Estimated Net Assets – includes assets ▪ Reach a net revenue target of $37M on an initial Gross (includes PuM owned by AU1 of 5,501 not on Balance Sheet of $33.41M2 Commission of $200m 30 June 2024: 5,256) (FY2024: $36.80M)

Property Management $7.44B 6,663 ▪ Due to economies of scale, increase properties managed Gross Value of Properties Sold No. of Properties Sold by a Property Manager from current average of 165 (FY2024 : $6.48B) (FY2024 : 6,239) properties per PM to 180 properties per PM. ▪ Management rights of AU1 owned rental properties under management were independently valued at $37.41M as $ 125.27M 442 at 30 June 2025, up 2.4% on valuation of 30 June 2024.

GCI3 No of Agents (FY2024 : $112.53M) (30 June 2024: 433)

1. Underlying adjusted for the impact of AASB16 Leasing Standard, Gain on Sale and other one off items. 5 2. Independent Valuation conducted by Pendium Advisory as at 8 July 2025. 3. Gross Commission Income (“GCI”) is the fees the vendor pays for the sale of a property. 4. Net Revenue refers to share of Revenue from Sales Business retained by The Agency after COGS and VPA.

Gross Commission Income (GCI^) $140m $125.3m

Positive Jaws as GCI grows faster $120m $100m $95.4m $112.5m

+ 11.3% than Operating Expenses $80m $60m + 17.9%

$40m $20m $- FY23 FY24 FY25

Operating Expenses (Pre AASB16) Operating Expenses Grew at 4.9% in FY25 $35m $30.01m $31.49m $30m to $31.49m. This growth included strategic $25m $26.25m + 4.9%

additional investments in recruitment, IT and $20m + 14.3%

Marketing. $15m $10m $5m $- FY23 FY24 FY25

^Gross Commission Income (“GCI”) is the fees the vendor pays for the sale of a property.

The Agency Business in Focus

Business In Focus – Segment Results Real Estate Property Services Property Management Services Residential Sales Conveyancing Revenue Property Management

FY25 Revenue Proportion

84% 2% 14%

FY25 Underlying EBITDA $11.1m $3.1m (Post AASB16) Contribution1

Overview • Generates Revenue by charging the • Generates Revenue by charging vendors • Generates annuity style revenue through vendors of residential property a or purchases a conveyancing fee to management of properties. Revenue commission for the successful sale of a arrange the legal transaction of a generated includes management fees as a property property (currently only services Western percentage of rent collected, leasing and • 442 agents Australia) other ancillary fees, or service fee income • 6,663 property sales • 8 Conveyancers for non AU1 owned portfolios. • $7.44 billion value of property sales • 1,757 transactions • 68 Property Managers • 5,501 Properties under Management owned by AU1 • 6,467 externally owned property management rights operated by AU1 under a service agreement

1: Excludes Unallocated Corporate Costs 8

Record transaction volume underpins The Agency’s growth $7.4bn $125.3m

$112.5m $6.5bn 11.4% 13.8% $102.5m Increase Increase Y-o-Y $5.9bn Y-o-Y $95.4m 6,663 $5.3bn 6,239 The Agency historically bucked the downward national $4.8bn $80.7m 573,365584,641 5,709 5,734 trend in terms of properties sold, a clear validation of its 531,457 6.8% resilient, agent-focused model. 508,610 4,964 Increase Y-o-Y 468,218

A record 6,663 properties were sold in FY25 by The Agency 415,549 4.5% Increase Group. This represents 1.25% national market share of the Y-o-Y $2.9bn $47.9m

estimated 531,457 properties sold across Australia*. 3,147

Despite a 10% decrease in market volumes from FY22, The Agency recorded a 16% increase in properties, underpinned record Gross Sale Volume and Gross Commission Income level.

Improved transaction contributions from East Coast states Total Properties sold in No of Properties Sold by The Gross Sales Volume Gross Commission Income assisted the growth in Gross Sales Volume. Australia* Agency Group ($M)^

FY20 (COVID) FY21 FY22 FY23 (Interest Rate Increases) FY24 FY25 (unaudited)

Track Record in Gross Commission Income (GCI^) Delivering Growth $250m

$200.0m $200m

Current run rate: $137m $150.0m GCI growth transferring $150m Agents: 442 Agents: to bottom line Agents: 399 433 $125.3m Agents: $112.5m $102.5m 393 Platform now in place so increased GCI Agents: $100m 308 $95.4m drops to the bottom line.

Agents: $80.7m … Agents: 283 GCI MILESTONES FOR AU1 272 $47.9m $50m $38.0m Milestone 1 = $150M

Milestone 2 = $200M

^ Gross Commission Income (“GCI”) is the fees the vendor pays for the sale of a property. 10 *GCI fell in FY23 primarily as a result of 10 consecutive interest rate rises during the financial year.

Sales Business

FY25 Market State #Agents Properties Sold Maturity of State Share by State Varying levels of state maturity provides an 30 June FY25 FY24 opportunity for continued growth. 2025 5.72% Having been founded in WA, Western Australia is the most mature state of (Perth #2 WA 168 3,833 3,907 Established dollar value @ The Agency, with market share of 9.0% (by dollar of property sold) in Perth 9%) and surrounding markets and 6.0% of overall WA state. NSW 192 1,770 1,632 Established 1.30% Inorganic entry into Tasmania in July 2022 has allowed an accelerated QLD 41 443 373 Emerging 0.33% maturity of the state. Following an initial entry into Launceston, in Q1 FY23. The Agency grew organically into Hobart in Q1 FY25. VIC 24 370 176 Infancy 0.32%

TAS 16 238 146 Growing 3.54% QLD and Victorian markets have the lowest maturity in the states we operate. However, both increased their % of total Agency sales in FY25 ACT 1 8 5 Infancy 0.47% showing momentum is gaining. National 442 6,663 6,239 1.30%

11 * Source: CoreLogic Market Scorecard.

Double Digit Income 11,968

Growth in Property 17.7% Increase Y-o-Y 13.8% $13.5m

Management 10,168 Increase 10.4% Y-o-Y $12.2m Increase Y-o-Y

6,663

$9.8m $9.9m

$8.9m 9.5% $8.9m Increase Y-o-Y 5,978 $7.4m 5,501 $6.7m $6.9m 5,256 5,018 4.7% Increase $5.3m Y-o-Y 3,806 AU1 Owned Managements continue to grow, which 3,517 3,469 3,517

combined with average rental growth underpins strong revenue growth.

On behalf of all landlords, The Agency collected $331m of rental income in FY25. Our national footprint enables Landlords with a geographically dispersed portfolio the # of AU1 Owned Properties Total # of Properties Under AU1 Mgmt Fee Income Total Property Mgmt Income opportunity to have all their properties managed by a Under Mgmt Mgmt single company. The increased portfolio scale enables greater cost synergies across The Agency owned FY20 (COVID) FY21 FY22 FY23 (Interest Rate Increases) FY24 FY25 portfolios.

Properties Under Management

PuM PuM Independent valuation Property % State Owned (30 Owned (30 of PuM Owned at June Managers Change June 25) June 24) 30 2025 ($m) NSW 20 3,280 3,216 +2%

WA 6 848 660 +28% 11,968 investment properties QLD – – – –

managed by The Agency Group at 30 VIC 2 260 209 +24%

June 2025. TAS 7 1,113 1,171 -5% Total AU1 35 5,501 5,256 5% $37.4 The management rights of AU1 owned rental properties under management Owned were independently valued at $37.41M as at 30 June 2025. This represents Services n/a 6,467 4,912 +32% n/a a 2.4% increase on the independent valuation obtained on 30 June 2024 of Arrangement $36.32 million and is based on the increase in PuM owned from 5,256 as at Total 30 June 2024 to 5,501 as at 30 June 2025. n/s 11,968 10,168 +18% n/a National

Separate to AU1 owned management rights, The Agency has a further 6,467 (30 June 2024: 4,912) external management rights which operate under a services arrangement, providing purchasing power benefits and efficiency of scale for the AU1 portfolio.

Leveraging our Property Management Expertise Proven Model for Expansion • MDC Trilogy partnership that owns ~6,000 managements showcases our ability to integrate and grow third-party rent rolls under management. • AU1 manages additional portfolio of ~800 managements for other owners. • Similar service activities operate for agent owned portfolios. AU1 Service Arrangement manages a portfolio of PM assets Scalable, Repeatable Framework for agents and external capital • Demonstrates how we can onboard and uplift performance of external providers. portfolios efficiently. • Maintains high service standards with minimal disruption.

Actively Pursuing Further Opportunities • The Agency is seeking similar partnership arrangements. • Well-positioned to support independent agencies, developers, and aggregators looking to outsource or exit property management. 14

The Agency Services Growth Initiatives • In 2023, a new brand Rightmove was created to transition from SLP • In 2024, a pilot with existing SLP agents was created to test the market looking at recruiting individual agents and also to attract offices that were looking to rebrand. • At the end of 2024, the pilot expanded to NSW • This was to be accompanied by a new tech platform, including lead prospecting and marketing, admin support, property management and trust accounting. Each service Driving Recruitment was fully developed to offer end-to-end support, marrying technology with a dedicated support team • The Agency has invested into its recruitment • Services arrangement, focused on predominantly sales business as part of a strategic initiative to drive only businesses that have a separate identity to The growth by attracting and onboarding high- Agency brand. performing agents and property managers. • Leveraging third-party software, The Agency Services would deliver services via a proprietary advanced • This targeted expenditure reflects the company’s dashboard accessible on PC or mobile device commitment to strengthening its national agent • The key learnings were the development of an expanded network with experienced professionals who can national robust platform and reporting systems and a focus deliver superior service and results. on offices only • A new strategy following the learnings of the pilot will be launched by end of calendar year 15

Financial Highlights

Record GCI Result Business Performance Update FY2025 GCI of $125.3m was a record GCI for the company After continued investment in recruitment activities, cost of doing (previous record was $112.5m in FY2024 business ratio decreased 2.1% from FY2024 to FY2025 Continued efficiencies in the cost of doing business ratio is expected in Agent Mix and Increased Property FY2026 as recruitment efforts continue to grow Gross Commission Income. Management Revenue Driving Revenue Growth

During FY2025, a higher percentage of sales by employee agents resulted in Revenue growth above GCI growth2. UNDERLYING1 UNDERLYING1 Change Property Management Revenue grew to $13.5m FY2025 ($M) FY2025 FY2024 from $11.7m in FY2024, a 15.4% increase. GCI 125.3 112.5 +11.3% Investment in QLD & VIC Markets to build 87.97 +12.0% Revenue2 98.54 market share Gross Profit 32.06 29.0 +10.5% Emerging states of Victoria and Queensland continue to represent an increasing share of The Agency sale business. Other Income 0.55 0.57 (3.5%) These states sold a combined 12.2% of the FY2025 properties sold, an increase on the 8.8% contribution in Operating Expenses (31.49) (30.02) +4.9% FY2024. We hold around 0.33% market share in each of these states and we continue to invest in these states to Cost of Doing Business3 32.0% 34.1% (2.1%) reach maturity of above 1.0% market share.

EBITDA 1.12 (0.45) +175%

1. Underlying adjusted for the impact of AASB16 Leasing Standard, Gain on Sale and other one- off items. 2. According to accounting standards, recognition of revenue is dependent on the engagement mechanism of the Agent. A sale by a payroll agent will result as revenue equal to GCI, with an agent commission expense 17 in Cost of Sales. A sale by a non payroll independent contractor agent, revenue is equal to The Agency share GCI. There is no cost of sale expense for a non payroll agent. As a general rule, Western Australia agents are predominantly Payroll agents, while East Coast agents are predominantly non payroll agents. 3. Operating Expenses Pre AASB16 Leasing Standard as a percentage of revenue. n.m – not material

Statutory Statutory

($M) ^Unaudited figures 30 June 2025 30 June 2024 Change Significant shareholder value 5.06 4.90 +3.3% Cash at Bank growing off Balance Sheet due to 14.66 14.74 -0.5% amortisation of rent roll asset due Other Current Assets

to AASB accounting standards. Non Current Assets 28.53 27.31 +4.5%

48.25 46.96 +2.7% Total Assets

(38.89) (27.76) -40.0% Total current liabilities1

(6.91) (11.30) +38.8% Total Non current liabilities

(45.80) (39.07) -17.2% Total Liabilities The value attached to internally generated Property Management and remaining Mortgage book is not 2.46 7.89 -68.8% Net Assets recorded in the balance sheet. 33.41 28.91 +15.6% Assets not on balance sheet2 Despite the value of the property management portfolio increasing in the period, under the accounting 35.87 36.80 -2.5% Estimated Shareholder Net Assets standard rules, the Profit & Loss statement for the twelve-month period includes an amortisation charge • The management rights of AU1 owned rental properties under management were of the externally purchased property management independently valued at $37.41M as at 30 June 2025. assets held as an intangible asset.

This amortisation charge has resulted in a reduction • Only ~$4m of the property management value is held on the Balance Sheet as an intangible of Statutory Net assets and results in an increase in asset as at 30 June 2025 ($7.4m as at 30 June 2024), leaving $33.41m of shareholder value assets not recognised in the balance sheet. off balance sheet at 30 June 2025 ($28.91m at 30 June 2024).

Adjusting for these off balance sheet assets, Estimated Shareholder Net Assets is $35.87m ($36.80m at 30 June 2024). 1: Total current liabilities includes $8.4 million relating to the debt with MBL. The debt was finalised post year end and pe r the accounting standards is required to be shown as current. 2: An independent valuation was undertaken at 30 June 2025 which valued the Property Management portfolio at $37.14m (30 June 2024 Independent Valuation: $36.32m). Only $3.67m of the property management value is held on the Balance Sheet as an intangible asset as at 30 June 2025 ($7.40m as at 30 June 2024), leaving $33.41m of shareholder value off balance sheet at 30 June 2025 ($28.91m at 30 June 2024).

Profit and Loss Statement UNDERLYING1 STATUTORY

FY2025 FY2024 Change FY2025 FY2024 Change ($M) Revenue 98.54 87.97 +12.0% 98.54 87.97 +12.0% Cost of Sales (66.48) (58.97) +12.7% (66.48) (58.97) -12.7% Gross Profit 32.06 29.00 +10.6% 32.06 29.00 +10.6% Other Income 0.55 0.57 -3.5% 0.64 0.67 -4.5% Operating Expenses (31.49) (30.01) +4.9% (28.94) (28.05) -3.2% EBITDA 1.12 (0.44) +354.5% 3.76 1.61 +134% Share of profit (loss) from equity 0.08 0.01 +700.0% 0.08 0.01 +700.0% Depreciation and amortisation (4.48) (4.67) -4.1% (6.62) (6.43) -2.9% Share based payments 0.00 (0.24) n.a. 0.00 (0.24) +100.0% FV gain / (loss) on financial asset – – – 0.31 0.95 -67.4% One off legal fees2 – – – 0.00 (0.33) +100.0% Profit / loss on sale of asset 0.00 1.23 n.a. 0.05 1.23 -95.9% Other costs (0.03) (0.04) n.m. (0.03) (0.04) +25.0% EBIT (3.32) (4.15) +20.0% (2.46) (3.24) +24.1% Net finance income (expenses) (1.31) (1.04) -25.5% (1.99) (1.39) -43.2% ED non-cash finance gain (cost) – – – (0.99) (0.66) -50.0% Net Profit Before Tax (4.62) (5.19) +10.9% (5.44) (5.29) -2.8% Income tax – 0.40 -100.0% 0.00 0.40 -100.0% Net Profit After Tax (4.62) (4.79) +3.5% (5.44) (4.89) -11.2%

1. Underlying adjusted for the impact of AASB16 Leasing Standard, Gain on Sale and other one off items. 2. Legal costs associated with The Agency Group’s intellectual property action against the company H.A.S. Real Estate, the registered owner of The North Agency. 19 n.a – Not Applicable / n.m – Not Meaningful

Outlook

Expectation of strong What to watch for

growth underpinned by Increased number of quality agents large addressable market • Recruitment model in place and being expanded to target growth in quality agents in $7 billion Gross Commission national market

Management structure in place to oversee agent and EBITDA growth The annual The annual value value of residential of residential realcommissions real estate estate is $7bn+. Our operations in the nation’s second and third largest states for # of commissions is $7bn+. Our operations in the nation’s
Strong office and infrastructure footprint across six sales per annum are in their infancy and expected to contribute second and meaningful thirdin largest growth states for # of sales per coming years. states and territories annum are inmodel
Recruitment their ininfancy and expected to contribute place and being expanded to target growth meaningful growth in quality agents inbillion in $7 coming years. Gross Commission national market
Partnership with external rent roll generator to build
Management structure in place to oversee agent and EBITDA sales market share and GCI growth growth
Strong office and infrastructure footprint across six states and
Rationalising cost of doing business ratio territories
Partnership with external rent roll generator to build sales market
Increasing value of property management rent roll share and GCI growth as rents continue to increase across the country
Rationalising cost of doing business ratio
Increasing value of property management rent roll as rents continue to increase across the country

Corporate Structure Experienced Board Key Metrics Ticker ASX:AU1 Andrew Jensen – Chairman Shares on Issue ~439.6M A highly experienced CFO with over 18 years in senior Share price (at 23rd June 25) $0.021 finance and management roles across real estate, financial services, telecommunications, and franchising, both in Market Cap ~$9.2M Australia and internationally.

Cash & Cash Equivalents (at 31 st Dec 24) ~$4.9M

Substantial Shareholders Paul Niardone – Executive Director Peters Investments Pty Ltd 31.27% A Perth-based business executive and company director, Mr Ben Collier 6.31% Niardone was the managing director and founder of ASX-listed Ausnet Financial Services, which later became The Agency Group Teldar Real Estate Pty Ltd 5.68% Australia in 2016. His past roles have included executive director and founder of Professional Public Relations (WA), the largest PR Convertible Note and communications firm in the State until he sold the business to WPP. Peters Investments Pty Ltd1 $4.38M Adam Davey – Non-Executive Director Primary Debt Facility Macquarie Bank Limited (MBL) Facility 2 $10.0M Director of Wealth Management at Canaccord Genuity, Mr Davey’s expertise spans over 25 years and includes capital raising (both private and public), mergers and acquisition, ASX AU1 Share Price Chart – 12 Month listings, asset sales and purchases, transaction due diligence and director duties.

Dr. Michael Schaper – Non-Executive Director

Brings extensive regulatory and governance expertise to The Agency, with over a decade as Deputy Chair of the ACCC, leadership roles in financial product oversight, and board positions across government, corporate, and not-for-profit sectors. Has experience in franchising regulation, financial services, and corporate governance.

Forward looking statements Disclaimer Not an offer This presentation is for information purposes only. This presentation does not comprise a Certain statements contained in this presentation, including information as prospectus, product disclosure statement or to the future financial or operating performance of the Company and its other offering document under Australian law projects, are forward looking statements. Such forward looking statements: (and will not be lodged with the Australian are necessarily based upon a number of estimates and assumptions that, Securities and Investments Commission) or any while considered reasonable by the Company, are inherently subject to other law. significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties that could cause actual events or results to differ materially Summary information from estimated or anticipated events or results reflected in such forward This presentation does not purport to be all looking statements; and may include, among other things, statements inclusive or to contain all information about the regarding estimates and assumptions in respect of prices, costs, results Company or any of the assets, current or future, and capital expenditure, and are or may be based on assumptions and of the Company. This presentation contains estimates related to future technical, economic, market, political, social and summary information about the Company and its other conditions. activities which is current as at the date of this The Company disclaims any intent or obligation to publicly update any presentation. The information in this presentation forward looking statements, whether as a result of new information, future is of a general nature and does not purport to events or results or otherwise. contain all the information which a prospective The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, investor may require in evaluating a possible “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, investment in the Company. “schedule” and similar expressions identify forward looking statements. The Company does not undertake to provide All forward looking statements contained in this Presentation are qualified any additional or updated information whether by the foregoing cautionary statements. Recipients are cautioned that as a result of new information, future events forward looking statements are not guarantees of future performance and or results or otherwise. accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. 23