Regal Partners Global Investments (RG!) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and confirmation of quorum; agenda included formal business, resolutions, and Q&A.

• Hybrid format enabled participation in person, online, and by phone, with clear instructions for voting and questions.

• Meeting structure included introductory address, discussion of resolutions, general questions, and voting.

Financial performance review

• FY25 net portfolio return was -3%, with a loss after tax of AUD 17.6 million; positive contributions from Rightmove, Entain, and LSEG, but offset by Opthea write-down.

• Total shareholder return for FY25 was -1.6% pre-franking, with a modest improvement in share price to NTA discount.

• Over 39 million shares bought back in FY25 for AUD 73 million; since 2020, 162 million shares repurchased, about 40% of issued capital.

• Profit reserve remains robust at over AUD 275 million, supporting over nine years of dividends at current rates.

• Four months to October 2025 saw a +19% portfolio return; since July 2022, net portfolio return is 55%, total shareholder return 78.5%.

Board and executive committee updates

• CIO responsibilities transitioned from Phil King to Paul Moore in September 2025, following a group realignment.

• Paul Moore brings decades of global equity experience; supported by portfolio managers Marco Anselmi and Henry Hill.

• Distribution teams from acquired businesses integrated into Regal Partners, enhancing market engagement.