BLIS Technologies (BLT) AGM 2025 summary

Opening remarks and agenda

• Warm welcome to attendees, marking the 25th anniversary and outlining the agenda, including director elections, auditor remuneration, and a special resolution to amend the constitution.

• Recognition of Dame Alison Stewart’s recent honor and explanation of voting procedures for shareholders.

Financial performance review

• Revenue for FY25 was NZD 12.6 million, up 10% from the prior year.

• EBITDA rose 26% to NZD 1 million, and net profit increased 30% to NZD 800,000.

• Cash balances and short-term deposits stood at NZD 9.7 million at year-end, with cash generated from operations up 70%.

• B2B revenue was NZD 8.1 million, with strong growth in North America (+83%) and Asia-Pacific (+53%).

• B2C revenue grew 29% to NZD 4.5 million, with significant gains in Amazon USA and the company’s web store.

Board and executive committee updates

• No changes to the board in the past 12 months; directors’ backgrounds and expertise highlighted.

• Board includes independent and non-executive directors, with committee roles specified.

• Leadership team introduced, covering key functions: People & Culture, Quality, Finance, Revenue, and Technology.