Fiducian Group (FID) AGM 2024 summary

Opening remarks and agenda

• The meeting was held both in-person and online, allowing broad shareholder participation and voting.

• Directors, key executives, and the auditor were introduced at the start.

• The agenda included financial report review, remuneration report adoption, director re-election, share option issuance, and other business.

Financial performance review

• Net revenue rose 11% to AUD 60.6 million; underlying NPAT grew 17% to AUD 17.7 million; statutory NPAT up 22% to AUD 15 million.

• Underlying EPS increased 17% to AUD 0.563; FUMAA grew 10% to AUD 13.5 billion by June 2024, reaching AUD 14.2 billion by September.

• Net operating cash flows increased to AUD 19.5 million; cash at year-end was AUD 26.6 million.

• The company remains debt-free with a strong balance sheet and positive working capital.

Dividend announcements

• A fully franked final dividend of AUD 0.211 per share was declared, totaling AUD 0.393 for FY2024, a 30% increase over the prior year.

• The full-year dividend represents 70% of underlying NPAT cash profit.