Flight Centre Travel Group (FLT) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a quorum, acknowledged Traditional Custodians, and outlined hybrid participation options for shareholders in person and online.

• Directors, senior executives, and auditors were introduced, and meeting procedures for questions and voting were explained.

• The agenda included the Chairman's and CEO's addresses, resolutions, and general questions.

• Voting was conducted by poll, with instructions for both in-person and online attendees, and a returning officer was appointed.

• Mechanisms provided for both written and verbal questions from shareholders during the meeting.

Financial performance review

• Achieved record TTV of $24.5 billion in FY25, up 3% year-on-year, marking the 26th year of growth in 30 years despite market turbulence.

• Underlying profit before tax was $289.1 million, down 9.8% and below expectations, with statutory PBT at $212.6 million.

• Strong balance sheet and cash flow supported ongoing investment in growth and capital management.

• $1.2 billion in capital management initiatives since FY24, including buybacks and debt repayments.

• 52% of underlying FY25 NPAT returned to shareholders, up from 38% in FY24.

Board and executive committee updates

• Board stability valued, but renewal is underway with a director search process initiated.

• Colette Garnsey appointed as lead independent director to address any future independence concerns.

• Resolutions included re-election of directors and approval of long-term incentive plan rights for the Managing Director.