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DGL Group Limited (DGL) investor relations material
DGL Group Limited AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Emphasis on the company's critical industry role and appreciation for board, management, employees, and shareholders during a challenging period.
CEO addressed stakeholders, providing an overview of FY25 performance and strategic direction.
Financial performance review
FY25 revenue reached $481.5m, up 3% from FY24, with strong cash conversion but challenges in net profit and statutory net profit.
Operating cash conversion improved to 110% from 82% in FY24; cash flow from operations was $44.7m, up 27%.
Statutory NPAT was a loss of $27.9m, compared to a $14.3m profit in FY24; underlying NPAT was $3.5m, down 78%.
Cost pressures, asset write-downs, and increased price competition in lead-acid batteries impacted results.
Auditor issued a disclaimer of opinion on FY25 financial statements; caution advised in relying on reported figures.
Board and executive committee updates
Liz Smith joined as an independent non-executive director and chair of the audit and risk committee, resulting in a majority of independent directors.
Recruitment for a new CFO is underway following the departure of the previous CFO.
CEO outlined actions to address performance, including cost reductions, site consolidations, and system upgrades.
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