Duratec (DUR) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced virtually, welcoming shareholders and acknowledging traditional land custodians.

• Board members, company secretary, CFO, and auditors were introduced.

• Agenda included business performance review, formal resolutions, and an operational update.

Financial performance review

• FY25 revenue reached AUD 573 million, up 3.1% from prior year; normalized EBITDA was AUD 53 million, up 11.3%.

• Net profit after tax was AUD 22.8 million; earnings per share at AUD 0.09.

• Cash balance at June 2025 was AUD 84 million; committed debt facilities of AUD 294 million.

• Master services agreements and annuity-style contracts contributed 31% of revenue.

Board and executive committee updates

• Emma Scotney joined as independent non-executive director, enhancing board capability.

• Board's sustainability committee expanded to include safety oversight.