Ridley (RIC) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with confirmation of a quorum and a welcome to shareholders both in person and online.

• Chairman welcomed attendees and introduced the board, executive team, and meeting protocols, including virtual voting and Q&A procedures.

• The agenda included nine items to be decided by poll, with results to be released on the ASX and company website.

• Voting procedures and Q&A protocols for both in-person and virtual attendees were outlined.

Board and executive committee updates

• Board members and key executives, including the CEO, CFO, and directors, were introduced.

• Special acknowledgment was given to the CFO for five years of service as he prepares to retire.

Financial performance review

• FY25 EBITDA from continuing operations was $97.8 million, up 8.6% from FY24, with statutory NPAT up 8.7% to $43.3 million.

• Bulk Stockfeeds grew 8% year-on-year, driven by market share gains and sector recovery.

• Packaged Feeds and Ingredients earnings increased 5% year-on-year, benefiting from OMP operations and higher supplement sales.

• Operating cash flow was $93.0 million, with a 97% cash conversion rate.

• Total Shareholder Return reached 42%, and leverage remained low at 0.6x underlying EBITDA.