Felix Group Holdings (FLX) investor relations material

Opening remarks and agenda

• Meeting opened by the Chairman, with all directors, CEO, CFO, and auditor present; conducted both in-person and virtually.

• Shareholders could ask questions and vote in real time, with all resolutions decided by poll.

• Valid proxies received from 20 shareholders representing 41.76% of shares; Chairman held open proxies to vote in favor of resolutions.

• Agenda included CEO transition, financial report, and voting on resolutions.

• The annual meeting is scheduled for 12 November 2025, with a focus on presenting FY25 results and strategic direction for FY26.

Financial performance review

• Group revenue grew 21% to AUD 8.6 million, driven by record sales in the enterprise procurement platform.

• FY25 revenue reached $8.3m, up from $6.8m in FY24, with enterprise ARR growing 20% year-on-year to $6.9m.

• Net loss after tax was $4.7m, an improvement from the prior year’s $5.1m loss; adjusted EBITDA loss narrowed to $2.9m.

• Achieved positive operating cash flow for the full year, net inflow of AUD 418,000, with stable cost base.

• Gross margin remained steady at 76%, with contractor revenue up 31% and vendor revenue stable.

Board and executive committee updates

• CEO Mike Davis stepped down after 13 years; James Frayne appointed interim CEO during search for a new leader.

• Board comprised four non-executive directors and one managing director; Michael Trusler resigned in November 2024.

• Board expressed gratitude to outgoing CEO and outlined a smooth leadership transition.

• All directors attended scheduled board and committee meetings during the year.