Peter Warren Automotive Holdings (PWR) AGM 2025 summary

Opening remarks and agenda

• Acknowledgement of traditional custodians and confirmation of quorum at the AGM.

• Introduction of board members, CEO, company secretary, and auditor KPMG.

• Chair and CEO delivered addresses outlining the meeting's agenda and strategic focus.

Financial performance review

• Revenue for FY25 was $2,483m, a slight increase from $2,475m in FY24.

• EBITDA declined to $110.1m from $135.0m in FY24.

• Profit before tax (PBT) was $22.3m, down from $56.8m in FY24, but in line with guidance.

• Inventory reduced by over 8%, resulting in significant cost savings in the second half compared to the prior year.

• Cost reductions in H2 FY25 led to a $4.9m improvement over H1.

Board and executive committee updates

• Andrew Doyle appointed as CEO, quickly integrated and focused on cost, headcount, and customer-centric analysis.

• Victor to act as an advisor during the ongoing recruitment process for a new executive.