PEXA Group (PXA) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders, acknowledged traditional land custodians, and opened the meeting with a quorum present.

• Introduced board members, executive team, company secretary, and auditor.

• Outlined hybrid meeting procedures for questions and voting, with instructions for both in-person and online participation.

• Agenda included Chair address, CEO update, and resolutions.

Financial performance review

• Group revenue rose 16% year-on-year to $393.6m, with EBITDA up 21% to $134.4m and free cash flow up 45% to $56.0m.

• NPATA decreased by 6% to $41.1m, and statutory NPAT loss widened to $(76.1)m.

• Australian Exchange revenue grew 7.5% to $313.8m, with EBITDA margin at 55.0%.

• International segment revenue increased 15.4%, with improved EBITDA and cash flow; Smoove integration completed.

• Digital Solutions revenue up 21.7%, EBITDA improved by 95.1%, and operating cash flow up 61.3%.

Board and executive committee updates

• Significant leadership changes included a new CEO, Russell Cohen, and departures of the CEO of Australia and Group CFO.

• Ongoing search for a permanent CFO; no plans to continue the CEO of Australia role.

• Anticipation of further board changes to ensure the right mix of skills for the next growth phase.

• Board comprises an independent chair, CEO, and several independent and non-executive directors, including a nominee from Commonwealth Bank of Australia.

• Board refresh planned to support strategic execution.