Lightspeed Commerce (LSPD) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by Executive Chair, welcoming shareholders and introducing board members and executive team.

• Meeting held virtually to reduce environmental impact and ensure equal participation.

• Voting rights and procedures explained, with registered shareholders and proxy holders eligible to vote.

• Rules for orderly conduct and question submission outlined for virtual attendees.

• Quorum confirmed with at least 25% of shares represented, meeting properly called to order.

Board and executive committee updates

• Seven directors nominated and elected to serve until the next annual meeting.

• No new nominations received; all current board members re-elected.

• Three new executives joined: Chief Revenue Officer, Chief Technology Officer, and Chief Strategy and Transformation Officer.

Financial performance review

• Fiscal 2026 marked the first year of a multi-year transformation, focusing on retail in North America and hospitality in Europe.

• Customer locations in growth engines grew by 11% in 2026.

• Subscription revenues increased 8% year-over-year; gross profit up 17%.

• Adjusted EBITDA improved to CAD 72.5 million, up 35% year-over-year; positive adjusted free cash flow of CAD 18.2 million.

• Divested non-core Upserve product line to focus on high-return growth areas.