Trajan Group (TRJ) investor relations material

Opening remarks and agenda

• AGM opened as a virtual meeting after the Chair confirmed a quorum; shareholders and proxies could submit questions and vote online.

• Seven items of business were scheduled, including receipt and consideration of the FY26 reports and six resolutions; no vote was required on the reports.

Financial performance review

• FY26 revenue was AUD 161.4m, down 3.1% YoY; nEBITDA was AUD 12.6m, down 14.7%, and pro forma gross margin was 38.9%, down 0.8 pts.

• Operating NPATA was AUD 2.2m, up 191.3%; cash was AUD 13.2m, up 6.5%, and net debt was AUD 34.6m.

• H2 nEBITDA rose to AUD 8.1m from AUD 5.0m in H1; H2 gross margin reached 40.6%, up 3.2 pts vs H1. AUD appreciation reduced H2 reported revenue by AUD 5.0m.

• FY27 Q1 net revenue rose 3.8% at fixed FX; pro forma gross margin exceeded 42%, up 15% YoY, while employee expense and scrap each fell more than 8%.

• FY27 guidance was net revenue of AUD 162m-AUD 166m and nEBITDA of AUD 16m-AUD 17.5m; the midpoint implies ~27% nEBITDA growth YoY.

Board and executive committee updates

• Board members included John Eales as Non-Executive Chair, Stephen Tomisich as CEO and Executive Director, Robert Lyon as Executive Director, and Tiffiny Lewin and Dr. Rohit Khanna as Non-Executive Directors.

• Simon Billingham attended as Interim CFO and Joint Company Secretary; RSM Australia auditor Mathavan Parameswaran attended to answer audit questions.