BLIS Technologies (BLT) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged outgoing chair, and introduced the board and agenda, including performance review, CEO update, Q&A, and formal resolutions.

• Both in-person and online participation were facilitated, with clear instructions for voting and questions.

• Chair and CEO addresses outlined the meeting's business, including director elections, director remuneration, and auditor remuneration resolutions.

Financial performance review

• FY26 revenue was NZD 14.7 million, up 16% from the prior year; underlying EBITDA rose 83% to NZD 1.8 million, and underlying NPAT increased 90% to NZD 1.6 million.

• Reported EBITDA was NZD 0.9 million (down from NZD 1 million in FY25) and net profit after tax was NZD 0.7 million (down from NZD 0.8 million), impacted by a one-off supply chain cost.

• Cash and short-term deposits stood at NZD 8.5 million as of 31 March 2026, reflecting inventory investment.

• B2B revenue grew 22% to NZD 9.9 million, with B2B representing 68% of total revenue; B2C revenue reached NZD 4.8 million, with strong growth in NZ wholesale and webstore channels.

• FY27 revenue growth is projected at 10%-15%.

Board and executive committee updates

• Alison Stewart became Chair in October 2025, succeeding Geoff Plunket.

• Paul Munro was appointed to the board in March 2026, nominated for election as director and chair of the Audit & Risk Committee.

• Board composition includes independent and non-executive directors with expertise in science, finance, governance, and international business.

• Executive team includes CEO, CFO, CRO, CTO, and heads of people and quality.