ASX (ASX) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional custodians, and confirmed quorum for the meeting.

• Introductions included board members, CEO, external auditor, and outlined agenda and voting procedures.

• Shareholders were informed about question and voting processes, both in-person and online.

Financial performance review

• Operating revenue increased by 7% and statutory profit rose 6% for FY2025.

• Underlying NPAT reached $510 million, up 7.5%, and return on equity was 11.6%.

• Dividend per share increased by 7.4% to $2.233, with an 85% payout ratio.

• Expense growth guidance for FY2026 is 14–19%, with significant investment in technology and regulatory response.

• Capital expenditure for FY2026 is projected at $170–180 million.

Board and executive committee updates

• Audit and Risk Committee was split into two dedicated committees for enhanced oversight.

• Board renewal included the retirement of two directors and the appointment of Anne Loveridge.

• Remuneration outcomes for executives were reduced, with the CEO foregoing her FY2025 short-term incentive.

• Board exercised discretion to reduce the executive reward pool by 50% and canceled certain deferred rewards.