Amotiv (AOV) AGM 2025 summary

Opening remarks and agenda

• The Chair opened the 68th AGM, acknowledged traditional land owners, and outlined safety and meeting protocols.

• The meeting was held in a hybrid format, allowing both in-person and virtual participation, with voting and Q&A procedures explained.

• Chair Graeme Billings and CEO Graeme Whickman delivered addresses outlining the meeting's agenda and strategic focus.

• The agenda included financial performance review, board elections, remuneration report, and LTI equity grant.

Financial performance review

• Revenue increased by 1.0% to $997.4m, with underlying EBITDA up 1.2% to $226.4m and underlying EPSA up 1.4% to 85.6c.

• Gross margins remained steady at 43.8%, and cash conversion was strong at 90.6%.

• Underlying EBITA decreased by 1.3% to $192.0m, while leverage was maintained at 1.9x.

• A $105 million aggregate return to shareholders was achieved through buybacks and dividends.

• Q1 FY26 revenue grew 3%, with underlying EBITA in line with expectations; group revenue growth is expected in FY26.

Dividend announcements

• Final FY25 dividend was $0.22 per share, totaling $0.405 per share for the year, consistent with the prior year.

• Final dividend payment of 22cps, with a total payout ratio above 50% of underlying NPAT.

• Share buyback program acquired 5% of issued capital over the year.