Hulamin (HLM) AGM 2026 summary

Opening remarks and agenda

• The AGM was conducted in a hybrid format, with both in-person and electronic participation, and all board members, key executives, auditors, and scrutineers were present.

• Notice of the meeting, integrated report, financial statements, and sustainability report were distributed in advance, with updates on directorship and venue provided.

• Shareholders were encouraged to submit questions and votes both in advance and during the meeting, with a structured process for addressing queries.

• The meeting was confirmed as quorate, and voting was conducted by poll as per the company's MOI.

Financial performance review

• Audited annual financial statements for the year ended 31 December 2025 were presented, including reports from the Audit Committee, directors, and external auditors.

• Shareholders raised concerns about declining share price, historical losses, and lack of dividends since 2019.

• Management acknowledged past underperformance and outlined efforts to restore profitability and maximize production.

• Funding capacity and headroom were discussed, with management expressing confidence in current liquidity and plans to optimize working capital.

Board and executive committee updates

• Ordinary resolutions were tabled for the re-election of directors and election of committee members, with profiles included in the governance report.

• Recent changes in executive leadership and ongoing efforts to bring in external technical expertise were highlighted.