Kelly Partners Group (KPG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened virtually with a quorum, board and key executives introduced, and agenda outlined, including a corporate presentation update and formal business matters.

• Shareholders instructed on Q&A and voting procedures via the Zoom platform and Computer Share Online Portal.

• Emphasized the mission to help people, private business owners, and communities "Be Better Off" and outlined values of integrity, teamwork, and client focus.

Financial performance review

• Revenue grew by 24.5% to $134.6m, with 4.5% organic growth and 20% from acquisitions, and a 30% CAGR over 19 years.

• Operating margins at 28.3%, underlying NPATA up 13% to $9.1m, and cash conversion at 99.8%.

• Operating cash flow rose 23.3% to $24.9m, free cash flow up 7.2%.

• Net debt increased to $58.5m, with net debt to underlying EBITDA at 1.42x and significant headroom in debt facilities.

• Group ROE was 38.8%, and ROIC was 23.0% for FY25.

Board and executive committee updates

• Board members and executive team introduced, including CEO Brett Kelly and CFO Kenneth Ko.

• Re-election of directors Steven Rouvray and Paul Kuchta put to vote.