Pet Valu (PET) AGM 2026 summary

Opening remarks and agenda

• Meeting conducted virtually with formal agenda items including director elections, auditor appointment, and advisory vote on executive compensation.

• Shareholders and proxy holders could submit questions and vote electronically via the Lumi platform.

Board and executive committee updates

• Number of directors set at eight for the ensuing year, with all eight management nominees elected.

• No additional nominations were received in accordance with advance notice provisions.

Financial performance review

• Fiscal 2025 revenue grew 7% with a return to positive same-store sales growth.

• Adjusted EBITDA margin held at 22%, and adjusted EPS growth resumed despite higher supply chain costs.

• Generated CAD 104 million in free cash flow and returned a record CAD 121 million to shareholders via dividends and buybacks.