Fiducian Group (FID) AGM 2025 summary

Opening remarks and agenda

• Meeting held both in-person and virtually, with shareholders able to ask questions and vote online or in person.

• Directors, General Counsel, CFO, Auditor, and Company Secretary introduced; quorum confirmed and meeting declared open.

• 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 proxy votes and procedures explained.

Financial performance review

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

• Net revenue increased by 13%, and underlying net profit after tax grew by 19%.

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

• Gross operating revenue rose 11% to AUD 89.37 million; group remains debt-free with positive cash flow.

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

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 appointments to the Superannuation Trustee Board in preparation for director transitions in 2027.