Praemium (PPS) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a quorum; hybrid attendance enabled shareholders and proxies to ask questions and vote by poll.

• Agenda comprised the Chairman’s address, Acting CEO’s report, then formal resolutions with questions taken on each item.

Financial performance review

• FY 2026 platform FUA rose 10.8% to AUD 134bn; net flows more than doubled to AUD 1.93bn.

• Revenue increased 5.7% to AUD 110.5m and underlying EBITDA grew 14.5% to AUD 32.1m; revenue grew at more than twice the rate of underlying operating expenses.

• EBITDA growth did not flow through to NPAT or cash flow because of amortization and high non-operating costs; these costs are not expected to recur, with higher cash conversion targeted.

• Future reporting will use cash EBITDA, defined as EBITDA less capitalized development expenditure, from 1H FY 2027 results; management incentive hurdles also shifted from EBITDA to cash EBITDA.

Board and executive committee updates

• Matthew Quinn was appointed Chairman; the Board thanked former CEO Anthony Wamsteker, while Acting CEO Denis Orrock expressed interest in the permanent CEO role.

• A formal CEO recruitment process will consider internal and external candidates over the coming months.

• Justin Lipton and Katrina Efthim joined as non-executive directors in April 2026; Matthew Quinn joined as a non-executive director in June 2026.

• The Chairman said board renewal had begun; Stuart Robertson is unlikely to seek re-election next year, and a successor with platform-industry experience is being sought.