Silex Systems (SLX) AGM 2025 summary

Opening remarks and agenda

• AGM opened with confirmation of quorum and welcome to both in-person and virtual attendees.

• CEO/Managing Director Dr. Michael Goldsworthy led the meeting, focusing on technology commercialisation and strategic progress.

• Board members, CEO, and auditor introduced; agenda included business update, financial review, and voting.

• Shareholders provided with instructions for participation, voting, and Q&A.

Financial performance review

• Market capitalisation reached approximately AUD 2 billion as of October 2025, with a share price of AUD 7.47 and about 277 million shares on issue.

• Cash and term deposits stood at AUD 210 million as of 30 September 2025, with no corporate-level debt.

• Balance sheet strengthened by AUD 150 million equity placement and nearly AUD 20 million share purchase plan, ensuring funding through FY 2028.

• Institutional shareholders accounted for about 35% of the register.

Board and executive committee updates

• Board composition highlighted, including the addition of a Non-Executive Director with global mining and finance experience.

• Chris Wilks stood for reelection with full board support.

• The Board authorised the release of the AGM presentation, highlighting ongoing risk management and forward-looking strategies.

• Leadership praised for navigating a complex, regulated, and international business environment.