Insignia Financial (IFL) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners and confirmation of quorum.

• Agenda included financial performance review, Board elections, REM report adoption, CEO performance rights, and Auditor appointment.

• Voting and Q&A procedures were explained, with opportunities for shareholder questions on each item.

Financial performance review

• Underlying net profit after tax reached AUD 255 million, up over 18% from prior year.

• Net profit after tax was AUD 16 million, a turnaround from the previous year's loss.

• Funds under management and administration (FUMA) grew to AUD 330 billion, a 6% increase.

• Asset management saw growth in MLC's separately managed accounts and strong net inflows in multi-asset retail managed funds.

• Employed advice businesses improved revenue per advisor through efficiency and focus on higher value clients.

Board and executive committee updates

• Michelle Somerville and Andrew Bloore stood for re-election, both recommended by the Board.

• John Selak retired from the Board after nine years of service.

• Danielle Press joined as Chair and Non-Executive Director of Registrable Superannuation Entity Boards, strengthening governance.