Black Pearl Group (BPG) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum, introductions of board, executive team, and advisors, and instructions for virtual participation and voting.

• Agenda included chairman's and CEO's addresses, formal business (resolutions), and Q&A session with shareholders.

Financial performance review

• Annual recurring revenue (ARR) reached $27.2m, a 95% year-over-year increase as of June 30, 2026, with 114% ARR growth cited for FY 2026.

• Data as a Service grew from zero to 40% of revenue; Platform as a Service entered beta ahead of schedule.

• EBITDAF loss narrowed from ($4.5m) in Q1 FY27 to a guidance range of ($1.0m) to ($1.5m) by Q3, driven by cost savings and operational efficiencies.

• Shifted focus from pure ARR growth to EBITDAF profitability, with clear line of sight to EBITDAF positivity.

• Permanent cost savings resulted from B2B Rocket integration and streamlined marketing.

Board and executive committee updates

• Board made key decisions: acquired B2B Rocket, raised capital from new institutions, and dual listed on ASX.

• The board features global leadership with expertise in finance and the US market, including members from the US and New Zealand.

• Hugo Fisher stood for reelection, highlighting his 30 years of global financial experience and ongoing commitment.

• The executive team includes an interim CFO, CMO, audit partner, legal advisor, and client partnership manager.