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ikeGPS (IKE) investor relations material
ikeGPS AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Opening remarks and agenda
Welcomed shareholders, introduced board members, new CFO, and auditors, and outlined the virtual meeting process.
Confirmed quorum and proxy representation for over 32.5% of shares, explained voting and Q&A procedures.
The meeting agenda included FY25 results headlines, FY26 outlook, a company recap, new products and technology preview, and a Q&A session.
Financial performance review
Annual platform subscription revenue exit run rate grew 48% YoY to NZ$17.6m for FY2025.
Total recognized revenue reached NZ$25.2 million, a 19% increase from the prior year, with a gross margin of NZ$17.4m (69%).
Subscription revenue increased 34% YoY to NZ$14.4m; transaction revenue rose 3% to NZ$7.6m.
Adjusted EBITDA loss improved to NZ$6.2m from NZ$9.8m; net loss was NZ$16.3m, an 11% improvement YoY.
Cash and net receivables totaled NZ$15.4m at year-end, with no debt.
Board and executive committee updates
Welcomed new CFO Paul Caudicio and noted Mark Radcliffe's absence.
CEO Glenn Milnes stepped off the Audit and Risk Committee post-audit, replaced by Alex Knowles to meet governance requirements.
The Chair and CEO/Managing Director led the AGM, highlighting leadership continuity and strategic focus.
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