BLIS Technologies (BLT) AGM 2024 summary

Opening remarks and agenda

• Chairperson Geoff Plunket and CEO Scott Johnson delivered opening addresses outlining the meeting agenda and business items.

• Ordinary resolutions included director elections and auditor remuneration approval.

Financial performance review

• FY24 revenue reached $11.5m, up 12.6% from the prior year, with EBITDA at $0.8m and net profit after tax at $0.6m.

• B2B revenue increased by $2.0m, and B2C revenue grew by 1.6% over the previous year.

• Revenue by category in FY24 was 31% B2B and 69% B2C, compared to 34% B2B and 66% B2C in FY23.

• Unaudited Q1 FY25 results show $3.4m revenue and $0.5m EBITDA, in line with expectations.

Board and executive committee updates

• Geoff Plunket, Dr Barry Richardson, and Anita Johansen were up for (re-)election as directors.

• The board includes members with roles in audit, risk, and people committees.

• Leadership team comprises CEO, CFO, CRO, CTO, and heads of quality and people & culture.