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Green Cross Health (GXH) investor relations material

Green Cross Health AGM 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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AGM 2025 summary31 Jul, 2025

Opening remarks and agenda

  • Marked the 25th anniversary of the company's listing and introduced an online meeting format to increase shareholder engagement, with audio-only webcast for smoother transmission.

  • Outlined technical procedures for questions and voting, confirmed quorum, and declared the meeting open and duly constituted.

  • Chair and Group CEO delivered addresses, followed by resolutions, voting, and a general Q&A session.

  • Agenda included board reelections, director fee pool increase, and auditor remuneration, with rationale for fee pool increase explained as below inflation and fees in the lower quartile.

Financial performance review

  • Revenue grew 4% year on year to $523.8m, driven by acquisitions and dispensary growth, partially offset by retail revenue decline.

  • Operating profit increased by $6.9M to $38.7M, reflecting top line growth and operational improvements.

  • Net profit after tax rose to $16M (11.1¢ per share); EPS reached 11.1 cps.

  • Operating cash flow was $52.6M, with a gearing ratio of 11.9% and net cash position of $1.8M.

  • Investments included $7.3M in equity, refurbishments, and technology; $12.1M in debt repaid.

Board and executive committee updates

  • Carolyn Steele announced her resignation due to increased governance responsibilities; search for her replacement to begin immediately.

  • Board includes independent and non-executive directors; Group CEO and CFO/Company Secretary introduced.

  • Directors seeking reelection spoke in support, highlighting their backgrounds and commitment to company strategy and governance.

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Frequently asked questions

Green Cross Health Limited is a New Zealand-based healthcare company that operates in the pharmacy, medical, and community health sectors. The company owns and franchises a network of retail pharmacies under brands such as Unichem and Life Pharmacy, providing prescription services, health advice, and over-the-counter products. In addition, Green Cross Health offers primary healthcare services through medical centers and community health services, including home healthcare support. The company is headquartered in Auckland, New Zealand, and its shares are listed on the NZX.

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