Financial Data and Key Metrics Changes - The overall Total Payment Volume (TPV) grew by 3%, but this growth was inconsistent across brands and regions [3] - Underlying Profit Before Tax (PBT) fell to just under $290 million, with significant impacts noted in the first and fourth quarters due to macro conditions [3][4] - The company aims to hold underlying costs flat compared to FY 2025, despite a 3% increase in costs over the last twelve months [5] Business Line Data and Key Metrics Changes - The Corporate division saw top line growth to $12.3 billion, with a 6% PBT growth excluding Asia [7] - The Leisure division experienced year-on-year TTV growth, primarily from lower margin brands, with profit falling due to soft trading conditions [8] - The introduction of the Global Business Services division is yielding early success in non-travel procurement and BPO models [5] Market Data and Key Metrics Changes - ANZ and The Americas reported solid profit growth, while EMEA and Asia experienced reductions [3][4] - The UK corporate travel brand underperformed, impacted by geopolitical tensions and a downturn in travel on key routes [4] - The company expects EMEA and Asia to return to more appropriate performance levels in 2026 [4] Company Strategy and Development Direction - The company is focusing on productivity gains, cost reduction, and targeted investments in technology and AI to enhance business strategies [5][6] - There is a strong emphasis on diversifying customer service channels and enhancing digital capabilities, particularly through the Mellon platform [12][15] - The company plans to expand its addressable markets through new products and services, including consulting and specialist travel [16][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging operating environment due to geopolitical tensions and macroeconomic conditions but remains optimistic about medium to long-term growth [2][3] - There are promising signs emerging in key markets, and management expects a rebound in the second half of FY 2026 [45][46] - The company is confident in its diversified customer offerings and geographic presence, which positions it well for future growth [23][41] Other Important Information - The balance sheet remains strong, supported by healthy cash generation and proactive capital management initiatives totaling around $450 million [9] - The company is targeting a 15% to 20% reduction in capital expenditures for the current year [5] Q&A Session Summary Question: Impact of lower overrides in FY 2025 - Management acknowledged that lower overrides significantly impacted the leisure business, particularly in the last quarter, and emphasized the importance of volume growth to achieve override tiers [49][54] Question: Potential changes to payment surcharges in Australia - Management has evaluated the potential impact of payment surcharge changes and is prepared with various options to mitigate any negative effects [56][59] Question: Clarification on profit outlook for H1 FY 2026 - Management expects a like-for-like comparison to be relatively flat year-on-year, excluding any adjustments from underlying operations [62] Question: Expectations for Asia's performance - Management anticipates improvement in Asia's performance in FY 2026, with expectations for moderate profit growth [64] Question: Outlook for the corporate segment in the U.S. - The U.S. remains the number one growth market, with expectations for good growth in both FCM and Corporate Traveler brands [78][81] Question: Online strategy for leisure market - The company is focusing on increasing online sales, which have grown over 10% year-on-year, and is investing in digital capabilities to attract price-sensitive customers [84][86]

Cayman Islands 7389 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) As filed with the U.S. Securities and Exchange Commission on August 6, 2025. Registration Statement No. 333-285475 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DT HOUSE LIMITED (Exact name of registrant as specified in its charter) (IRS Employer ...