Pluxee (PLX) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened by the Executive Chair, who thanked shareholders, introduced the board, management, and external auditor, and highlighted a milestone year.

• The agenda covered fiscal 2025 highlights, financial performance, audit report, governance, remuneration, strategic initiatives, Q&A, and voting on resolutions.

Financial performance review

• Fiscal 2025 saw organic revenue growth of 10.6% to €1,287m, recurring EBITDA margin expansion of 230bps to 36.6%, and business volumes of EUR 24.5 billion.

• Adjusted net profit rose to EUR 221 million (+8.4% YoY), with net profit group share at €197m (+48.6% vs. 2024), and recurring free cash flow reached €417 million with an 89% cash conversion rate.

• Net financial cash position increased to EUR 1,163 million, maintaining a BBB+ S&P rating.

• Growth was driven by strong client acquisition, 100% net retention, robust client retention, and positive M&A contributions, despite macroeconomic headwinds in some regions.

• Latin America and the rest of the world delivered double-digit organic growth, while Europe saw tempered results due to economic challenges.

Board and executive committee updates

• The board consists of a mix of executive and independent non-executive directors, with 40% women and expertise in management, finance, technology, and sustainability.

• The board met six times, reviewed strategic and financial progress, and conducted its first internal annual evaluation, with positive results.

• Two permanent committees (Audit and Nomination & Remuneration) achieved 100% attendance and addressed strategic, financial, and people-related topics.