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Mirvac Group (MGR) investor relations material
Mirvac Group AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Chair welcomed attendees in Sydney and online, acknowledged traditional custodians, and confirmed a quorum for the meeting.
Introduced board members, executive leadership, and external audit partner from PwC, who is available for audit-related questions.
Outlined the agenda, including financial performance, strategy update, and voting procedures.
Financial performance review
FY 2025 statutory profit was AUD 68 million, up 108% on FY24, while operating profit was AUD 474 million, down 14% on FY24.
Operating earnings per stapled security were 12.0c, distributions per security were 9.0c, both down 14% on FY24.
Operating cash flow was AUD 550 million, up 1% on FY24; operating EBIT was AUD 736 million, down 14%.
Gearing maintained at 27.6%, within the 20%-30% target range, and strong credit ratings retained.
Assets under management totaled AUD 22 billion, with third-party capital under management at AUD 16.2 billion.
Board and executive committee updates
Rosemary Hartnett joined the board, bringing extensive property and funds management experience.
Chair and Group CEO & Managing Director delivered addresses, highlighting key achievements and strategic direction.
Board reaffirmed commitment to maintaining the right skills and experience for future growth.
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