Admicom (ADMCM) AGM 2025 summary

Financial performance review

• Recurring annual billing grew ~10% and total revenue ~4% despite a challenging market.

• Profitability remained strong but eased from the prior year due to lower balancing invoices; the balance sheet, cash flow and distributable profits remained strong.

• Customer bankruptcies and voluntary churn weighed on growth, while new sales and upselling were positive.

• Non-recurring revenue was 6%; internal development was prioritized over external project billing.

Board and executive committee updates

• New CEO Simo Leisti highlighted opportunities in digitalization, data and AI, and thanked the board and shareholders for their support.

• Leadership structure was simplified; Satu Helmo was appointed CFO and deputy CEO, key growth, product, technology and HR roles were named, and a strategy director search continued.

• Pasi Aaltola, Tomi Lod, Henna Mäkinen, Petri Niemi, Olli Nokso-Koivisto, Camilla Skoog and Marko Somerma were re-elected; Petri Niemi was elected chair.

• Annual fees set at €29,000 per board member and €62,000 for the chair; audit committee fees set at €7,000 for the chair and €3,000 for members. Henna Mäkinen was confirmed as committee chair, with Marko Somerma and Petri Niemi as members.

Dividend announcements

• FY2024 profit distribution set at €0.65 per registered share; record date March 21, 2025, and payment date March 28, 2025.