Redox (RDX) AGM 2024 summary

Opening remarks and agenda

• Chair welcomed attendees, outlined the agenda including financial review, formal business, and Q&A session.

• Introduced board members and highlighted the company's transition from private to public and ASX 300 inclusion.

Financial performance review

• Underlying NPAT FX reached AUD 94.8 million, up 11.4% from the previous period; gross profit margin at 23.4%, 2.6 percentage points above last year.

• Pro forma basic EPS grew by 11.8%.

• Revenue for FY24 was AUD 1,137 million, a 9.6% decrease from FY23, but gross profit rose by 1.5%.

• Cash flow from operations was AUD 115.9 million, with a net cash position of AUD 177 million.

• Underlying EBITDA FX margin was 12.2%, benchmarking well against listed peers.

Dividend announcements

• Interim dividend of AUD 0.06 per share and final dividend of AUD 0.065 per share declared, totaling AUD 0.125 per share for FY24.

• Full-year payout represented 73% of net profit after tax, at the upper end of the 60%-80% policy.