AFC Group (AFC) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced virtually at 2:00 P.M. with a quorum present and proper notice given.

• Shareholders and guests welcomed, with a review of the financial year ending 31 March 2025.

• Shareholders were informed of voting procedures and the right to participate.

Financial performance review

• Revenue for FY2025 was NZD 741,088, a 44% decrease from the previous year.

• Net loss of NZD 184,806 reported, compared to a net profit of NZD 53,911 in FY2024.

• Net equity stands at NZD 243,574; total assets at NZD 2,129,822, with cash of NZD 3,760 as of 31 March 2025.

• Decline attributed to weak overseas wine sales, slow new business development, and adverse macroeconomic conditions.

Dividend announcements

• No dividend declared or paid for the 12 months ending 31 March 2025.