Judo Capital (JDO) AGM 2024 summary

Opening remarks and agenda

• Acknowledged directors, executive team, auditor, and employees present at the AGM.

• Reflected on the challenging economic environment and its impact on small businesses and consumers.

• Outlined the meeting agenda, including financial reports and six resolutions.

Financial performance review

• Achieved strong financial and operational results, meeting or exceeding all guidance metrics.

• Delivered 20% lending growth and AUD 110 million profit before tax on an underlying basis.

• Maintained high capital levels, with CET1 at 14.7% as of June 30, 2024, the highest among listed banks.

• Successfully transitioned funding mix, repaying AUD 2.8 billion to the RBA.

• Loan book reached AUD 11.3 billion by September 2024, with a strong pipeline of over AUD 1.2 billion.

Board and executive committee updates

• Smooth CEO transition from Joseph Healy to Chris Bayliss, with board support for the new strategy.

• Welcomed new executives: Ros Fornarino as COO and Renee Roberts as CRO.

• John Fraser retired as director; plans underway to appoint a new non-executive director with deep banking experience.

• Jennifer Douglas and David Hornery stood for re-election, both receiving strong board endorsement.