Kyron Capital Group · ASX:KYN
Kyron Capital — FY2026 Earnings Presentation
36 slides from Kyron Capital's earnings presentation, Aug 28, 2026
Slide 1: Kyron Capital Group FY26 Results Presentation
Kyron Capital Group ASX: KYN | FY26 Results Presentation 28 August 2026
Slide 2: Contents
Contents 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 Australia and New Zealand.
Slide 3: Business Update
01 Business Update Kyron 3
Slide 4: Execution of Strategic Reset
Execution of Strategic Reset Significant milestones achieved as part of strategic reset with momentum and clarity continuing into FY27. Jul – Dec 2025 Jan – Mar 2026 Apr – Jun 2026 Jul – Aug 2026 Sep 2026 - onward Stabilise Repair Platform readiness Rebrand & Re-engage Clear Direction Forward • Expa
Slide 5: Funds Management Platform
02 Funds Management Platform Kyron 5
Slide 6: 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. Mission To create better ways to invest through a platform with greater access and insight “Our strategy is
Slide 7: 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. Australian Institutional A connected Targeted execution investment capital platform growth capability discipline Australian real-estate capability Ca
Slide 8: Sector Strategy
2.1 Sector Strategy Kyron 8
Slide 9: Retail
Retail Disciplined focus on supermarket-anchored, everyday-needs retail where active management drives income and occupancy to generate superior investment returns. Strategy / objective Key highlights • Invest in resilient retail assets supported by everyday-needs • Portfolio Value - $859.5m (Core $
Slide 10: Office
Office Building a resilient office platform through selective investment, optimal leasing strategies and active repositioning to create value. Strategy / objective Key highlights • Acquire high-quality office assets at attractive points in • Advancing 19 Harris Street strategy through successful the
Slide 11: Healthcare
Healthcare Defensive healthcare income, powered by sector tailwinds and targeted investment in out-of-hospital assets. Strategy / objective Key highlights • Invest in defensive out-of-hospital healthcare assets in • Significant leasing progress achieved lengthening key metropolitan and major regiona
Slide 12: Hotels & Leisure
Hotels & Leisure A specialist in hotel and leisure investment management through the asset lifecycle. Strategy / objective Key highlights • Enhance performance of Hotel Accommodation Fund, grow • Like-for-like core operational performance up 15% distributions and capital value, and optimise asset ex
Slide 13: Governance & Leadership
2.2 Governance & Leadership Kyron 13
Slide 14: 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. 1 Leadership renewal completed 2 New Independent Managed Fund Trustee Board established Giselle Collins David McNama
Slide 15: Assets Under Management
2.3 Assets Under Management Kyron 15
Slide 16: Assets Under Management
Assets Under Management A diversified portfolio of core sector real estate assets with a platform capability primed for growth. $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 Unlisted multi-asset luxury
Slide 17: 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. AUM Transacted Transactional AUM Movement during FY26 1 Settlement During the period, the Group continued to execute on ke
Slide 18: Assets Under Management – AUM 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. Increase Decrease Total $6.0b $5,497m $5.0b $4.0b AUM $m -$2,101m -$28m $3.0b -$163m -$32m -$92m Retail 879 -$57m -$460m -$68m Of
Slide 19: Kyron Capital Group
03 Kyron Capital Group Kyron 19
Slide 20: FY26 Financial Results
3.1 FY26 Financial Results Kyron 20
Slide 21: 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. $26.1m $1.1m $(30.3)m Recurring Funds Management Recurring Funds Core Earning
Slide 22: 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. $27.1m FY26 FY25 Core Earnings Funds management income impacted by managed fund $m $m divestments, unwinding of the CL
Slide 23: Capital Management
3.2 Capital Management Kyron 23
Slide 24: 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. • Execution of additional capital mana
Slide 25: Balance Sheet
3.3 Balance Sheet Kyron 25
Slide 26: 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. 30 Jun 2026 30 Jun 2025 Notes Balance Sheet1 Notes $m $ Mvt $m Assets 1. Increase in Cash of $3.7m fr
Slide 27: 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. Key Terms Secured Perpetual Notes Penny Warrants3 $125m Facility
Slide 28: 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. 30 June 2026 30 June 2025 A focus on recoverability of receivables and financial Receivables $m $m assets through managed fund a
Slide 29: Managed Fund Co-Investments
Managed Fund Co-Investments Driving operational performance across the managed funds will increase the realisation value of co-investments. 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 % $m % $m Office and He
Slide 30: Environmental, Social & Governance (ESG)
04 Environmental, Social & Governance (ESG) Kyron 30
Slide 31: 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. ESG Strategy Our focus is increasingly forward-looking, embedding our material ESG topics into our i
Slide 32: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) In partnership with 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 33: Outlook
05 Outlook Kyron 33
Slide 34: 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. Recycle co-investments and receivables to release capital and reduce debt Strengthen the • Continue discipl
Slide 35: 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 36: Measured. Bold.
Measured. Bold. Level 5 255 George Street Sydney NSW 2000 +61 2 9239 8400 kyroncapital.com