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 addresses outlined the meeting's agenda, including a review of FY25 performance and the outlook for FY26.

Financial performance review

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

• EBITDA was $110.1m, down from $135.0m in FY24.

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

• Inventory reduced to $351m from $383m in FY24, with cost reductions in H2 FY25 leading to $4.9m in savings.

• Management initiatives and seasonality contributed to improved second half performance.

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.