Stuart Irving
CEO, President & Govt Director
Good morning, and thanks for becoming a member of us for Computershare’s 1H ’26 Outcomes Convention Name. As ordinary, Nick Oldfield, our CFO, is with me, together with Michael Brown from our IR crew.
We have launched the presentation pack on our web site, and I will take you thru the highlights on this name. Nick will then take you thru the financials in additional element, then we’ll open the strains for Q&A.
And simply to remind you, we will likely be speaking in U.S. {dollars} fixed foreign money and evaluating to 1H FY ’25 except we state in any other case.
Now there’s quite a lot of element on the outcomes pack, however let me take you immediately to the important thing options of the end result that matter on Slide 2. Enterprise efficiency. EBIT ex MI, which actually talks to the underlying enterprise outcomes was up 12%. And Nick will discuss you thru all of the shifting components, however our BAU OpEx prices have been contained under the speed of inflation. And excluding margin earnings, our margins expanded to 16%. And I feel we’re nicely on our solution to the 20% EBIT ex MI margin goal that we have now referred to as out.
Now the margin earnings end result, I believed was a standout. We knew that margin earnings was a headwind going into this 12 months with the prospect of