Enprise Group (ENS) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced with a welcome and introduction of the agenda, including the election of Susan Stone to the Board of Directors as an ordinary resolution.

Board and executive committee updates

• Proposal to increase the maximum aggregate remuneration for directors by NZD 50,000, raising the cap to NZD 200,000 plus GST per annum, with flexibility to pay in shares.

Financial performance review

• Achieved 14% overall business growth, driven by rapid expansion in Acumatica, offsetting decline in Exo.

• Acumatica sites grew from 300 to over 400 in a year; net recurring revenue with MYOB increased by 34%.

• Datagate reached a $5 million ARR milestone, with growth in North America and the UK.

• iSell achieved break-even and is positioned for overseas expansion.