ALS (ALQ) AGM 2026 summary

Opening remarks and agenda

• Meeting held in hybrid format with non-Australian directors and management participating online for efficiency and cost-effectiveness.

• Quorum confirmed, meeting declared open, and directors introduced, including new appointee Christy Boyce.

• Voting procedures and question protocols for both in-person and virtual attendees explained.

Board and executive committee updates

• Christy Boyce appointed as Non-Executive Director and standing for formal election; she brings 25+ years of advisory experience.

• John Mulcahy retiring after 14 years; search for his replacement is underway.

• Leadership renewal with new executive appointments in Environmental and Minerals divisions.

Financial performance review

• Achieved record financial performance, meeting FY 2027 targets a year early.

• Underlying net profit after tax reached AUD 381.2 million, up 25.8% year-on-year; revenue grew 10.7%.

• EBIT margin increased to 18%; leverage ratio reduced from 2.3x to 1.5x.

• Total dividend for the year was AUD 0.425, a 10.3% increase, with a payout ratio of 57%.

• Capital expenditure (excluding acquisitions) was AUD 263.3 million; net cash M&A expenditure was AUD 9.8 million.