Pizza Pizza Royalty (PZA) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Chair, with introductions of the CEO and CFO, and instructions for virtual participation and voting.

• Confirmation of proper notice, quorum, and appointment of TSX Trust Company as scrutineers.

• Formal business included auditor appointment and director elections, followed by a business update.

Financial performance review

• 2025 saw growth in restaurant network and positive sales growth despite industry challenges.

• Royalty pool sales for 2025 were slightly higher at CAD 636 million, generating $40.8 million in royalty income.

• Annual dividends paid were $0.93 per share, with a working capital reserve of $3.7 million at year-end.

• Dividend yield currently around 6.4%, with eight increases in the last six years.

• Dividend reduced in May 2026 by nearly 13% to align with lower royalty income due to sales pressure.

Board and executive committee updates

• Five directors nominated and elected: Neil Lester, George Michel, Edward Nash, Michelle Savoy, and Anne-Marie Thomas.

• KPMG LLP reappointed as auditors for the ensuing year.