Perenti (PRN) AGM 2025 summary
Event summary combining transcript, slides, and related documents.
AGM 2025 summary
8 Jul, 2026Opening remarks and agenda
Chair opened the AGM, acknowledged traditional land owners, and outlined procedures for both in-person and virtual participation.
Introduced Board members, executive committee, and auditor; explained voting and question protocols for attendees.
Outlined meeting agenda: Chair and CEO addresses, formal business, voting on resolutions, and Q&A.
Board and executive committee updates
Announced CEO succession process; Mark Norwell to step down in 2026, with a comprehensive search underway.
Greg Walker appointed as Independent Non-Executive Director, bringing extensive mining experience.
Alex Atkins retired from the Board after seven years of service.
Financial performance review
Achieved record FY 2025 results: revenue of AUD 3.49 billion, EBITDA of AUD 333.5 million, and free cash flow of AUD 195 million.
EBITDA margin increased to 9.6%; leverage ratio reduced to below 0.5 times.
Share price grew approximately 60% during FY 2025, with further 80% growth post-July 2025.
Drilling Services division generated AUD 780 million in revenue, with 65% EBIT growth.
Latest events from Perenti
- Record revenue and profit growth support a strong outlook and robust cash generation.PRN
H1 20258 Jul 2026 - Earnings and margins improved, guidance narrowed, and leverage reduced amid strong cash flow.PRN
H1 20261 Jun 2026 - Record revenue, profit, and cash flow in FY25; strong FY26 outlook and higher dividends.PRN
H2 20251 Jun 2026 - Record FY24 revenue, margin gains, and cash flow support strong FY25 outlook and lower leverage.PRN
H2 20241 Jun 2026 - Record revenue, cash flow, and margin improvements set a strong foundation for future growth.PRN
Investor Presentation27 Oct 2025 - Record work-in-hand and strong cash flow position the business for continued growth and shareholder returns.PRN
Investor Presentation16 Jun 2025 - Strong growth, diversification, and successful integration drive Perenti's positive outlook.PRN
Investor Presentation13 Jun 2025