Accordant Group (AGL) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and agenda covering financial statements, CEO report, director elections, auditor fees, share incentive scheme, and general business.

• Transitioned to an online-only format to reduce costs.

• Q&A process explained, with questions to be collated and answered at the end.

Financial performance review

• FY26 revenue reached NZD 165 million, with trading stabilizing after prior declines and a return to positive EBITDA; operating cash flow improved to NZD 1.6 million.

• Net loss after tax reduced to NZD 2.1 million from NZD 2.9 million, with confidence strengthening in the second half.

• Blue-collar revenue grew by 6.2% to NZD 77.3 million, profit increased by approximately NZD 600k; white-collar segment returned to profit after a prior loss.

• Group EBITDA (pre-IFRS16) projected to rise to NZD 7.0 million by FY28.

• No dividend declared for the year ended March 31.

Board and executive committee updates

• Board streamlined to reflect a leaner business approach.

• CEO highlighted stabilization and ongoing momentum into FY27.

• Simon Hull offered himself for re-election, expressing commitment to restoring past successes.

• Thanks extended to two recently retired directors for their contributions.