Brambles (BXB) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum, safety briefing, and introduction of directors and auditors.

• CEO was absent due to personal reasons; Chair covered both Chair and CEO addresses.

• Procedures for asking questions and voting were explained for both in-person and webcast attendees.

• The Chair, John Mullen, and Remuneration Committee Chair, Maxine Brenner, delivered opening addresses.

Financial performance review

• Achieved a 4-year compound annual growth rate of 8% in revenue and 14% in underlying profit at constant currency.

• Free cash flow before dividends averaged $640 million over four years, exceeding $1 billion for the first time in 2025.

• Basic EPS from continuing operations grew 14%, aided by a $403 million share buyback.

• FY 2025 sales revenue rose 3% at constant currency, with underlying profit up 10% and margin expansion of 1.3 points.

• FY 2026 outlook reconfirmed: sales revenue growth 3–5%, profit growth 8–11%, free cash flow $850–950 million.

Board and executive committee updates

• Elections and re-elections were held for directors: Vic Bansal, Maxine Brenner, Anthony John Palmer, Kendra Fowler Banks, and James Richard Miller.

• Cameron McIntyre stepped down as non-executive director at the meeting's conclusion.

• Participation of Executive Director Graham Chipchase in the Performance Share Plan and MyShare Plan was approved.