COMPUTERSHARE LIMITED

ASX:CPU

Guidance Upgrade: Computershare raised its FY '26 management EPS guidance to $1.44 per share, up 6% over the prior comparable period, despite divesting the U.K. mortgage services business.

Margin Income Resilience: Margin income fell only 5% despite a 17% drop in U.S. cash rates, supported by higher client balances and the company’s natural rate hedge.

Cost Control: BAU OpEx was contained below inflation, up just 2.6%, with cost-out programs delivering $16.5 million in savings.

Dividends Increased: The interim dividend was lifted 22% to AUD 0.55 per share, with payout at the higher end of the target range.

Business Momentum: Event and transactional revenues grew nearly 13%, and all core business lines reported revenue and EBIT growth.

Margin Expansion Target: The company reiterated its target for a 20% EBIT ex MI margin by FY '28, with ongoing cost-out and technology investments.

Positive Outlook: Management sees further momentum in key business lines and expects further margin expansion and consistent growth.