Lords Group Trading (LORD) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and introductions of board members and executives.

• Attendees were informed about the Q&A process and housekeeping matters.

Financial performance review

• Trading update indicated performance in line with management expectations since the 2024 annual results.

• Merchanting volumes up 11% in Q1, with new branches outperforming expectations.

• Acquisition of CMO Group Limited to enhance digital offering and broaden customer reach.

• Focus remains on growth, margin improvement, and cost control, with a stronger balance sheet after a property sale and leaseback.

Board and executive committee updates

• Re-election of directors including Andrew Harrison, Stuart Kilpatrick, Sheena Mackay, Gary O'Brien, and Shanker Patel proposed.