Goodman Group (GMG) AGM 2025 summary

Opening remarks and agenda

• Meeting held in Sydney and online, with voting and Q&A available for all security holders and proxies.

• Chairman welcomed attendees, introduced directors, and noted the 30th anniversary of ASX listing and Remembrance Day observance.

• Chairman welcomed attendees, followed by a group strategy video and CEO's address before formal business and closing.

Financial performance review

• Achieved 15th consecutive year of operating profit growth, up 12.8% to AUD 2.3 billion in FY 2025.

• Operating EPS increased by 9.8%, despite dilution from AUD 4 billion capital raising.

• Total shareholder return was 95% over three years and 143% over five years.

• Balance sheet remains strong with 4.3% gearing and AUD 6.6 billion in cash and undrawn lines.

• Group liquidity at AUD 6.6 billion, with AUD 9.0 billion in cash and undrawn debt lines in partnerships.

Board and executive committee updates

• Board composition is diverse: 33% female, 50% offshore, with three non-Executive Directors and one Executive Director standing for re-election.

• Board comprises international, contemporary, and diverse members, including 4 female and 5 offshore resident non-executive directors.

• Directors standing for re-election: Hilary Spann, Vanessa Liu, Chris Green, and Anthony Rozic.

• Directors and executives provided statements on their backgrounds and contributions.