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Solution Dynamics (SDL) investor relations material
Solution Dynamics AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Agenda covered the FY 2026 review, NZ mailhouse operations, dental software strategy, FY 2027 outlook, resolutions, general business and questions.
Financial performance review
FY 2026 revenue was NZD 31.415m, down 24.0%; Digital Print & Outsourced revenue rose 4.1%, while Software & Technology fell 44.0%.
Gross profit fell 39.5% to NZD 8.636m and gross margin declined to 27.5% from 34.6%; EBITDA fell 74.5% to NZD 1.133m, with a 3.6% margin.
Net profit after tax was NZD 382k, down 85.4%; EPS was 2.7 cents, down 84.9%. The year included NZD 500,000 in pretax nGAGE launch costs, while SG&A fell 24%.
A major customer RFP contract loss drove the decline; domestic mailhouse revenue rose 4% despite mail lodgements falling 11%, due to higher low-margin postage revenue. U.S. digital click volumes rose 19%.
FY 2026 closed with NZD 7.7m net cash after NZD 1.3m spent replacing end-of-life servers; normalised cash was stated at NZD 7–8m.
Board and executive committee updates
Susie Watts became CEO on 1 January 2026 and was confirmed as permanent CEO, citing her IT and software-sector experience and focus on revenue, margins and cost agility.
Patrick Brand resigned as CEO and joined the Board on 1 January 2026, bringing North American relationships and international product, product-management and go-to-market experience.
John McMahon offered himself for re-election, citing his 11% ownership and confidence in the product and international growth strategy.
- Revenue and profit fell sharply year-over-year, with a $0.02 dividend declared.SDL
H2 2026 - Revenue and profit declined, but net tangible assets and dividend per share increased.SDL
H2 2024 - Revenue up 6.9% to $41.3M, net profit down 7.1% to $2.62M, dividend $0.03 per share.SDL
H2 2025 - Net profit dropped 90.9% to $214,000 on lower revenue; 2.0 cent dividend declared.SDL
H1 2026 - Digital growth, Engage/nGAGE launch, and board stability amid margin and market pressures.SDL
AGM 2025 - Digital and AI strategy, GenCom AI launch, and cost control drive growth amid market risks.SDL
AGM 2024 - Revenue up 14.6% to $26.09M, profit down 5.2%, no dividend amid customer shift.SDL
H1 2025
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