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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
WOTSO
WOTSO (WOT) investor relations material
WOTSO AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary5 Nov, 2026
Opening remarks and agenda
Chairman Seph Glew opened the meeting after confirming a quorum; directors, the Company Secretary, auditor and business advisor were present.
Proxy and live voting were open for resolutions 1–4, with discussion and questions scheduled during the formal business and afterward.
The FY 2026 financial statements and directors’ and auditor’s reports were laid before the meeting; the annual report was lodged with ASX on 25 August 2026.
Financial performance review
FY 2026 revenue was AUD 48.8m; flexspace sales rose 11% to AUD 35.3m, while underlying EBITDA was AUD 10.1m, broadly in line with the previous year.
Startup locations recorded a ~AUD 641,000 contribution-margin loss; developing locations’ contribution rose from AUD 277,000 to AUD 781,000.
Despite 29% network growth in FY 2026, corporate overheads remained broadly flat at ~AUD 8m.
During FY 2026, more than 2.5m securities were bought back after the Yandina property sale; the buyback was NAV-accretive but did not meaningfully improve the market price.
Board and executive committee updates
Richard Hill was proposed for re-election as a director of Ostow and Planloc; Jessie Glew presented the operating and growth outlook as CEO.
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Latest events from WOTSO
- Record $9.45M quarterly revenue, 14% YoY growth and continued location expansion.WOT
Q1 2027 TU - Q4 FY26 revenue hit a record $9.41M, up 15% YoY, with occupancy at 79% and expansion underway.WOTQ4 2026 TU
- Revenue up 4%, EBITDA up 1%, and strong occupancy driven by Flexspace and new concepts.WOTH2 2026
- Record revenue and strong FlexSpace growth, with focus shifting to consolidation in FY25.WOTH2 2024
- Revenue and EBITDA grew as the network expanded, with asset sale proceeds to fund further growth.WOTH1 2026
- Revenue and EBITDA up, network expansion planned, all resolutions passed with strong support.WOTAGM 2025
- Revenue up 5%, EBITDA up 14%, and distribution per security up 25% in FY25.WOTH2 2025
- Strong Flexspace growth, strategic expansion, and all resolutions passed amid valuation challenges.WOTAGM 2024
- Flexspace revenue up 9%, FFO steady at $2.1m, and five new sites planned amid strong occupancy.WOTH1 2025
Next WOTSO earnings date
H1 202723 Feb, 2027
WOTSO
Next WOTSO earnings date
H1 202723 Feb, 2027
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Frequently asked questions
WOTSO Property is an Australian company specializing in flexible workspace solutions and property management. The company operates under the WOTSO brand, providing coworking spaces, serviced offices, and shared workspaces across various locations in Australia and select locations in New Zealand. WOTSO’s properties cater to a diverse clientele, including freelancers, small businesses, and larger enterprises seeking adaptable work environments. In addition to coworking spaces, WOTSO Property manages a portfolio of real estate assets, focused on maximizing the value and utility of its properties. WOTSO Property is headquartered in Sydney, Australia, and its shares are listed on the ASX.