G8 Education (GEM) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional landowners, and introduced directors and key executives, noting the hybrid format for shareholder participation.

• Chair and CEO delivered addresses to open the meeting, setting the tone for the session.

• Outlined meeting procedures, including question and voting protocols for both in-person and online participants.

Financial performance review

• FY2025 described as one of the most challenging years, with sector-wide incidents impacting confidence and financial results.

• Statutory EBIT loss and net loss after tax of AUD 303.3 million reported; recognized net assets at year-end were AUD 93.3 million.

• Occupancy rates declined, with year-to-date occupancy at 56.1% as of April 2026, reflecting sector pressures.

• Operating cash flow remained positive despite constrained shareholder returns.

Board and executive committee updates

• Board established a management committee to enhance governance focus.

• Board composition includes a Chair, Managing Director & CEO, and several Non-Executive Directors, with specific mention of Debra Singh, Pejman Okhovat, Peter Trimble, Toni Thornton, Margaret Zabel, Professor Julie Cogin, and Stephen Heath.

• Directors and executives addressed shareholder concerns about performance, capital management, and board renewal.

• Re-election of directors discussed, with statements on their qualifications and commitment to improvement.