Calix (CXL) AGM 2025 summary

Opening remarks and agenda

• Meeting held in hybrid format to maximize shareholder participation, with online and in-person Q&A and voting options.

• Acknowledgement of Country and respect for First Nations people, with a focus on social inclusion and sustainability as core values.

• Emphasis on the company's mission to address global challenges in industrial decarbonisation and sustainability.

• Agenda included addresses from the Chair and CEO, business updates, Q&A sessions, and formal business items.

Financial performance review

• FY25 revenue and other income reached $33.9m, up from $30.5m in FY24.

• FY 2025 products and services revenue grew 17% to AUD 28 million; operating costs reduced by 23% in H2 vs H1.

• Q1 FY26 revenue up 28% year-on-year, gross profit up 36%, and operating costs down 23%.

• Cash on hand as of 30 June 2025 was $23m, with an 18-month cash runway.

Board and executive committee updates

• Board introduced, including Alison Deans (Chair), Helen Fisher, Peter Dixon, Dr Sarah Ryan, and Dr Phil Hodgson (CEO).

• CEO and Chair delivered addresses highlighting innovation, resilience, and the company’s 20-year history.

• Alison Deans re-elected as director with 92.73% support, emphasizing her experience and commitment to long-term value.