Endeavour Group (EDV) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a Welcome to Country and acknowledgment of traditional landowners, followed by introductions of the board, management, and meeting procedures for participation and voting.

• The agenda included addresses from the Chair and CEO, discussion of financial and operational performance, formal business items, and Q&A.

Financial performance review

• FY 2025 saw group sales down 2% (0.3% on a comparable 52-week basis), with EBIT down 8.5% and net profit after tax down 16.8%.

• Retail sales fell 1.2% to AUD 10 billion, while hotel sales grew 4.1% to AUD 2.1 billion, with strong momentum in hospitality.

• Operating cash flow remained robust at AUD 1.2 billion, supporting a fully franked dividend of AUD 0.1880 per share and a AUD 187 million reduction in net debt.

• Cost inflation and supply chain disruptions impacted results, but hotel EBIT grew 4.5% and optimization programs delivered AUD 75 million in savings.

Board and executive committee updates

• Significant leadership changes included the appointment of Jayne Hrdlicka as incoming CEO, with new executives for Dan Murphy's, BWS, and a new Chief Customer Officer.

• Board renewal saw the addition of Penny Winn, Peter Hardy, and director-elect Mike Eileen, with a search for a new permanent Chair underway.

• Anne Brennan and Peter Margin departed the board, and interim roles were filled during the transition.