McMillan Shakespeare (MMS) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land owners and confirmation of quorum.

• Notice of meeting was distributed in advance; shareholders could participate online or in person, ask questions, and vote electronically.

• Chair and CEO outlined the agenda and presented FY25 results, shareholder returns, and sustainability strategy.

Financial performance review

• Group normalized revenue reached AUD 541.6 million, up 3% year-on-year, with growth across all segments.

• Normalized NPAT/UNPATA was AUD 103.2 million, down 4.1%, while statutory NPAT/NPATI rose 14.1% to AUD 95.3 million.

• Normalized return on capital employed was 63.4%, and statutory revenue growth was 8.1%.

• AUD 20.8 million invested in growth and productivity, mainly in the Simply Stronger program, raising expenses by 6.9%.

• Onboard finance receivables reached AUD 503 million, with a successful AUD 300 million private placement.

Board and executive committee updates

• Directors and executive team introduced, including committee chairs and external auditor representative.

• Board highlighted for its diverse skills, governance integrity, and commitment to stakeholder engagement.

• Directors up for reelection shared their experience and focus on digital transformation, risk, and capital management.

• Chair and CEO presented, highlighting FY25 results, shareholder returns, and sustainability strategy.