ALS (ALQ) AGM 2025 summary

Opening remarks and agenda

• Meeting declared open with a quorum present; directors and key executives introduced, including new board member Catharine Farrow and outgoing director Tonianne Dwyer.

• Chairman outlined meeting procedures, voting process, and opportunities for shareholder questions both in-person and online.

Financial performance review

• FY2025 revenue grew 16% to AUD 3 billion; underlying NPAT declined slightly to AUD 312.1 million due to FX and interest costs.

• Operating margin remained robust at 19.1%; strong cash generation supported a total dividend of AUD 0.386 per share (AUD 187 million total payout).

• Gross capital expenditure was AUD 165 million, with 70% directed to growth initiatives.

• Leverage ratio reduced from 2.3x to 1.7x post-equity raise; AUD 372.5 million raised for expansion and future M&A.

Board and executive committee updates

• Catharine Farrow appointed as independent Non-Executive Director in March 2025; up for re-election.

• Tonianne Dwyer stepping down after nine years; search for her replacement underway.

• John Mulcahy to retire at 2026 AGM; succession planning in progress.