New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>EBOS Group (EBO) will host an investor day in Sydney on 30 April.</li><li>We and consensus forecast FY26 being the trough in: margins, returns, free cash flow conversion, and peak gearing.</li><li>We hope the investor day affirms this improving view, which helps underpin our OUTPERFORM rating.</li></ul>

EBOS Group (EBO) will host an investor day in Sydney on 30 April.We and consensus forecast FY26 being the trough in: margins, returns, free cash flow conversion, and peak gearing.We hope the investor day affirms this improving view, which helps underpin our OUTPERFORM rating.

EBOS Group 2026 Investor Day Preview—Back To Basics