Fiducian Group (FID) AGM 2025 summary

Opening remarks and agenda

• Meeting held both in-person and virtually, with all directors and key executives present, and quorum confirmed for official proceedings.

• Meeting opened with a welcome and introduction of the executive chairman, directors, company secretary, CFO, and auditor.

• Agenda included discussion of the financial report, resolutions on remuneration, director election, share options, other business, and Q&A.

• Voting conducted by poll on all items, with clear instructions for both in-person and online participants.

Financial performance review

• Net profit after tax reached AUD 18.6 million, a 33% increase from the prior year.

• Net revenue rose 13% to AUD 68.23 million, and underlying net profit after tax grew by 19%.

• Funds under management, advice, and administration (FUMAA) increased from AUD 13.51 billion to AUD 14.84 billion, reaching AUD 15.62 billion by end of September 2025.

• Executive Chairman and CFO presented the financial report and addressed shareholders.

• Rolling 7- and 10-year fund rankings were provided, showing comparative performance across multiple years and funds, sourced from Morningstar and FE fundinfo.

Board and executive committee updates

• Board and management worked cohesively, emphasizing respect and clear roles.

• Executive Chairman Indy Singh and directors Frank Khouri, Sam Hallab, and Kerry Skellern were present.

• New board members appointed to the Superannuation Trustee Board in preparation for director transitions in 2027.

• Mr Samir (Sam) Hallab was up for re-election as director.