Serko (SKO) investor relations material

Opening remarks and agenda

• Chair welcomed shareholders, outlined meeting logistics, confirmed quorum, and introduced board members, management, auditors, and share registrar.

• Meeting opened with addresses from the Chair and CEO, followed by shareholder Q&A, formal business, resolutions, and general business.

• Outlined agenda: performance review, strategic priorities, voting on resolutions, and Q&A.

Financial performance review

• FY26 total income grew 34% to NZD 120.9 million, at the top end of guidance.

• EBITDAFI increased 137% to NZD 6.5 million, showing improved operating earnings.

• Net loss after tax narrowed by NZD 4.2 million to NZD 17.7 million, a 19% improvement.

• Operating cash flow was positive at NZD 7 million; free cash flow was negative NZD 4 million due to ongoing investment, with a $2.5m higher free cash flow burn.

• Cash reserves of NZD 54.1 million with no debt, supporting future growth.

Board and executive committee updates

• Board refreshed in recent years; succession planning underway with two new directors to be appointed in FY27, including a potential chair successor.

• COO role expanded for operational focus; new Chief Product Officer appointed.

• Executive incentives redesigned to strengthen alignment with long-term shareholder value, including new performance-based metrics.

• Increased transparency in executive remuneration, including disclosure of CEO pay ratio and severance terms.

• Board succession and leadership continuity prioritized during strategic execution.