Lindsay Australia (LAU) AGM 2026 summary

Opening remarks and agenda

• Hybrid meeting held with a quorum of two; formal business included FY26 financial statements, Directors’ and auditors’ reports, a director re-election and adoption of the Remuneration Report.

Financial performance review

• FY26 revenue reached AUD 1,072m, up 26.2% and the first year above AUD 1bn; underlying EBIT rose 37.7% to AUD 60.4m, reported PAT was AUD 22.9m and underlying EPS increased 10% to AUD 0.076.

• Transport revenue grew 32.9% to AUD 763m, including a full year of SRT Logistics; W.B. Hunter revenue rose 7.9% to AUD 118.9m and underlying EBIT increased 11.3%.

• Rural revenue increased 15.3% to AUD 190.8m; underlying EBIT rose 22.8% to AUD 12.2m, with margin improving from 6% to 6.4%.

• Net leverage ended FY26 at 1.92x, down from 2.23x at H1 and within the 1x–2x target range.

• Lost Time Injury Frequency Rate improved 34% to 10.9 in FY26; management said further work on safety capability remains a priority.

Board and executive committee updates

• Ian Williams will retire as Chair; Rodney Boys, a director since April 2025 and Audit and Risk Committee Chair, will succeed him after the meeting. Robert Lewis Green was proposed for re-election, retiring by rotation.

• Williams cited governance modernization, stronger safety and risk management, employee incentives and total shareholder returns above 140% during his five-year tenure; Boys credited him with strengthening systems and expanding portfolio and geographic reach.