Rivco Australia (RIV) AGM 2026 summary

Opening remarks and agenda

• Meeting opened at 10:02 A.M. with a welcome to attendees in person and online.

• Board members and management team introduced; notice of meeting confirmed as properly constituted.

• The agenda included the Chairman's address, portfolio performance review, outlook, items of business, voting polls, and a Q&A session.

• Voting procedures and attendee card system explained; poll called for each resolution.

Board and executive committee updates

• Brendan Rinaldi appointed as Independent Chairman, succeeding Ed Peter on 1 June 2025.

• Chris Larsen joined as independent non-executive director, strengthening board independence.

• Mr. Dirk Wiedmann retired from the board effective immediately; resolution for his re-election withdrawn.

• Board composition includes independent and non-executive directors, with a stable management team.

• Farewells to long-serving directors Dennis Mutton, Ed Peter, and Dirk Wiedmann.

Financial performance review

• Record profit before tax of AUD 33.5 million for 2025, up 152% from prior year.

• Net profit after tax was AUD 21.9 million, up from AUD 9.3 million in FY 2024.

• Earnings per share rose 133% to AUD 0.14; total shareholder returns reached 15.8%.

• Pre-tax NAV increased to AUD 1.75 per share; total NAV return of 12.9%.

• Portfolio size decreased by 36% due to net entitlement sales, despite acquisitions.