SEEK (SEK) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land, introduction of board, executive team, and auditors, and CEO's address referencing FY25 results and FY26 guidance.

• Outlined meeting procedures, including Q&A and voting processes for shareholders and proxies, with voting conducted by poll.

Board and executive committee updates

• Announced Greg Robuck as Chairman-elect, joining as non-executive director from January 2026 and becoming Chairman in March 2026.

• Board succession planning follows a structured three-year outlook, considering strategy, tenure, and diversity.

• Leigh Jasper and Linda Kristjanson presented for re-election, both supported unanimously by the board.

• Strengthened governance foundations through improvements in internal controls and compliance programs.

Financial performance review

• FY25 sales revenue reached $1,097.0m, up 1% from the previous year; net revenue was $1,090.4m, up 1%, with total expenditure down 2%.

• EBITDA stood at $459.2m, with adjusted profit at $155.2m and reported profit at $238.3m.

• Free cash flow increased by 41%, enabling a reduction in debt ratios; net debt decreased by 2% to $947.1m.

• Achieved strong operational performance post-platform unification, with disciplined investment in growth and AI.

• SEEK Growth Fund delivered a 32% return since inception and 7% value increase over the last year.