PGG Wrightson (PGW) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, confirmed quorum, outlined emergency procedures, and confirmed the agenda for the hybrid in-person and online meeting.

• Voting and Q&A procedures for both in-person and online participants were explained, with Computershare managing the process.

• Notice of Meeting and previous AGM minutes were confirmed as distributed and approved.

• Meeting included Chair's address, CEO review, shareholder questions, ordinary resolutions, and general business.

Board and executive committee updates

• No changes to board membership during FY2025; Wilson Liu joined as Independent Director on 1 July 2025, Meng Phoon retired.

• Board includes Garry Moore (Chair), Sarah Brown (Deputy Chair), Wilson Liu, U Kean Seng, Dr Charlotte Severne.

• Executive team led by CEO Stephen Guerin, with key roles in retail, corporate affairs, finance, and operations.

• Board and executive team members were introduced, including new and long-serving directors and key executives.

Financial performance review

• Operating EBITDA reached $56.1 million, up 27% from prior year; operating revenue was $975.3 million, up 6%.

• Net profit after tax was $10.7 million, a 248% increase year-on-year.

• Retail & Water group EBITDA was $42.2 million, up 3%; Agency group EBITDA was $23.5 million, up 91%.

• Cash flows from operating activities were $12.4 million; GO-STOCK receivables increased by $28.9 million.