Kyron Capital Group · ASX:KYN
Kyron Capital — FY2026 Earnings Presentation
37 slides from Kyron Capital's earnings presentation, Aug 28, 2026
Slide 1: ASX announcement cover letter
kyroncapital.com 28 August 2026 Company Announcements Office ASX Limited Level 27, 39 Martin Place, Sydney NSW 2000 Dear Sir/Madam, Please find attached the Kyron Capital Group (ASX: KYN) FY26 Results Presentation. For personal use only Yours sincerely, Symon Simmons Company Secretary Kyron Capital
Slide 2: FY26 Results Presentation
For personal use only Kyron Capital Group ASX: KYN | FY26 Results Presentation 28 August 2026
Slide 3: Contents
Contents For personal use only 01 Business Update 3 02 Funds Management Platform 5 03 Kyron Capital Group 19 Acknowledgement of Country Kyron is proud to work with the communities in which 04 Environmental, Social & Governance (ESG) 30 we operate, to manage and improve properties on land across Aust
Slide 4: Business Update
For personal use only 01 Business Update Kyron 3
Slide 5: Execution of Strategic Reset
Execution of Strategic Reset Significant milestones achieved as part of strategic reset with momentum and clarity continuing into FY27. For personal use only Jul – Dec 2025 Jan – Mar 2026 Apr – Jun 2026 Jul – Aug 2026 Sep 2026 - onward Stabilise Repair Platform readiness Rebrand & Re-engage Clear Di
Slide 6: Funds Management Platform
For personal use only 02 Funds Management Platform Kyron 5
Slide 7: Our strategy
Our strategy Source high-quality real estate assets and deliver strong investment returns through active management for both Kyron Funds Management capital partners and Kyron securityholders. For personal use only Mission To create better ways to invest through a platform with greater access and ins
Slide 8: What Kyron can deliver
What Kyron can deliver Four pillars underpin Kyron’s renewed platform, institutional readiness and ability to deliver disciplined, capital-led growth. For personal use only Australian Institutional A connected Targeted execution investment capital platform growth capability discipline Australian rea
Slide 9: 2.1 Sector Strategy
For personal use only 2.1 Sector Strategy Kyron 8
Slide 10: Retail
Retail Disciplined focus on supermarket-anchored, everyday-needs retail where active management drives income and occupancy to generate superior investment returns. For personal use only Strategy / objective Key highlights • Invest in resilient retail assets supported by everyday-needs • Portfolio V
Slide 11: Office
Office Building a resilient office platform through selective investment, optimal leasing strategies and active repositioning to create value. For personal use only Strategy / objective Key highlights • Acquire high-quality office assets at attractive points in • Advancing 19 Harris Street strategy
Slide 12: Healthcare
Healthcare Defensive healthcare income, powered by sector tailwinds and targeted investment in out-of-hospital assets. For personal use only Strategy / objective Key highlights • Invest in defensive out-of-hospital healthcare assets in • Significant leasing progress achieved lengthening key metropol
Slide 13: Hotels & Leisure
Hotels & Leisure A specialist in hotel and leisure investment management through the asset lifecycle. For personal use only Strategy / objective Key highlights • Enhance performance of Hotel Accommodation Fund, grow • Like-for-like core operational performance up 15% distributions and capital value,
Slide 14: 2.2 Governance & Leadership
For personal use only 2.2 Governance & Leadership Kyron 13
Slide 15: Governance – Independent oversight. Genuine accountability
Governance – Independent oversight. Genuine accountability Decades of institutional experience across every layer of oversight with new and renewed expertise shaping future direction. For personal use only 1 Leadership renewal completed 2 New Independent Managed Fund Trustee Board established Gisell
Slide 16: 2.3 Assets Under Management
For personal use only 2.3 Assets Under Management Kyron 15
Slide 17: Assets Under Management
Assets Under Management A diversified portfolio of core sector real estate assets with a platform capability primed for growth. For personal use only $1.8bn of AUM (at 30 June 2026) Retail Office Healthcare Hotels & Leisure Industrial1 $0.88bn $0.33bn $0.27bn $0.27bn $0.08bn Unlisted Unlisted Unlist
Slide 18: Assets Under Management: AUM transacted
Assets Under Management Deep transactional capability in complex and challenging conditions. ~$1.1 billion in AUM transacted during the year, with capital returned to investors. For personal use only AUM Transacted Transactional AUM Movement during FY26 1 Settlement During the period, the Group cont
Slide 19: Assets Under Management: movement
Assets Under Management Executing on managed fund asset realisation programs and focusing on core retail, office, healthcare and the hotels & leisure real estate sectors. For personal use only Increase Decrease Total $6.0b $5,497m $5.0b $4.0b AUM $m -$2,101m -$28m $3.0b -$163m -$32m -$92m Retail 879
Slide 20: Kyron Capital Group
For personal use only 03 Kyron Capital Group Kyron 19
Slide 21: 3.1 FY26 Financial Results
For personal use only 3.1 FY26 Financial Results Kyron 20
Slide 22: FY26 Results - Focus on Stabilising the Balance Sheet
FY26 Results1 - Focus on Stabilising the Balance Sheet FY26 was a transition year focused on stabilising the business through the balance sheet recapitalisation and execution of the planned Managed Fund asset realisations. For personal use only $26.1m $1.1m $(30.3)m Recurring Funds Management Recurr
Slide 23: Core Earnings
Core Earnings FY26 Core Earnings materially impacted by elevated debt costs, provisions for managed fund receivables and other one-off costs relating to the Group’s strategic reset. For personal use only $27.1m FY26 FY25 Core Earnings Funds management income impacted by managed fund $m $m divestment
Slide 24: 3.2 Capital Management
For personal use only 3.2 Capital Management Kyron 23
Slide 25: Capital Management
Capital Management Material balance sheet capital ($39.0m) released from planned managed fund asset realisations and used to repay debt and other liabilities. Further balance sheet capital is expected to be released in future periods supporting working capital. For personal use only • Execution of a
Slide 26: 3.3 Balance Sheet
For personal use only 3.3 Balance Sheet Kyron 25
Slide 27: Balance Sheet
Balance Sheet1 $125m recapitalisation completed on 17 April 2026, stabilised the balance sheet and delivered significant reduction in cost of capital. Continued focus on balance sheet strengthening. For personal use only 30 Jun 2026 30 Jun 2025 Notes Balance Sheet1 Notes $m $ Mvt $m Assets 1. Increa
Slide 28: Balance Sheet Capital Structure
Balance Sheet Capital Structure $125m recapitalisation stabilised the balance sheet and delivered significant reduction in cost of capital, providing alignment between capital structure and strategic growth objectives of the business. For personal use only Key Terms Secured Perpetual Notes Penny War
Slide 29: Receivables from Managed Funds
Receivables from Managed Funds Recovery of receivables to continue as asset realisation programs are completed and operating performance across the managed funds improves. For personal use only 30 June 2026 30 June 2025 A focus on recoverability of receivables and financial Receivables $m $m assets
Slide 30: Managed Fund Co-Investments
Managed Fund Co-Investments Driving operational performance across the managed funds will increase the realisation value of co-investments. For personal use only KYN Co- KYN Co- KYN Co- KYN Co- Investment Investment Investment Investment Comments 30 June 2026 30 June 2026 30 June 2025 30 June 2025 %
Slide 31: Environmental, Social & Governance (ESG)
For personal use only 04 Environmental, Social & Governance (ESG) Kyron 30
Slide 32: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Kyron continues to make positive and impactful environmental, social and governance contributions to its stakeholders and the communities in which it invests. For personal use only ESG Strategy Our focus is increasingly forward-looking, embedding our material
Slide 33: Environmental, Social & Governance (ESG) partners
Environmental, Social & Governance (ESG) In partnership with For personal use only Our ESG activities are delivered hand-in-hand with our partners, extending impact beyond our assets and into the communities in which we invest. Kyron 32
Slide 34: Outlook
For personal use only 05 Outlook Kyron 33
Slide 35: Outlook
Outlook A stronger, better positioned platform for sustainable growth and long-term securityholder value, underpinned by improved governance, balance sheet stability and disciplined execution. For personal use only Recycle co-investments and receivables to release capital and reduce debt Strengthen
Slide 36: Disclaimer
Disclaimer This presentation has been authorised for release by the Kyron Capital Group Board of Directors. arising from fault or negligence on the part of any of them) for any loss whatsoever arising from the use of this presentation or its contents or otherwise arising in connection with it. This
Slide 37: Kyron Capital contact details
For personal use only Measured. Bold. Level 5 255 George Street Sydney NSW 2000 +61 2 9239 8400 kyroncapital.com