Dalrymple Bay Infrastructure (DBI) AGM 2026 summary

Opening remarks and agenda

• The meeting commenced at 10:00AM with a welcome to security holders, acknowledgment of traditional land custodians, and addresses from the Chair and CEO outlining the agenda and formal business items.

• The agenda included a financial report review, board elections, director fee pool increase, and constitutional amendments.

Financial performance review

• FY-25 EBITDA reached $294.3m, up 5.2% from FY-24, and FFO was $173.3m, up 10.6% year-on-year.

• Revenue increased by 3.9% in FY 2025, driven by a higher Terminal Infrastructure Charge (TIC).

• Distribution guidance for FY 2025/26 was raised by 7%, with a 22% increase projected for FY 2026/27.

• Distributions for FY-25 were 24.625cps, an 11.9% increase over FY-24.

• Zero incidents causing serious injury or illness were reported, reflecting a strong safety culture.

Board and executive committee updates

• Dr. Eileen Doyle and Mr. Thomas Laidlaw stood for re-election and election, respectively, both bringing extensive infrastructure and governance experience.

• The board unanimously recommended both candidates, with abstentions from the respective nominees.

• Mr. Tom Laidlaw was welcomed as a non-executive director, enhancing board skills and experience.

• Board includes Chair Dr David Hamill, Bronwyn Morris, Dr Eileen Doyle, Tom Laidlaw, and CEO Michael Riches.

• Executive team comprises CFO Stephanie Commons, Chief Commercial and Sustainability Officer Jonathan Blakey, COO Jesse Knight, Director People and Culture Rosalind Jones, Group Projects Director Peter Wotherspoon, and Chief Legal and Risk Officer Liesl Burman.