Smart Parking (SPZ) AGM 2026 summary

Opening remarks and agenda

• Virtual AGM opened at 11:02 after quorum confirmation; applicable resolutions were decided by poll.

• Agenda covered the remuneration report, MD equity allocation, director elections, NED remuneration cap and 10% placement capacity resolution.

Financial performance review

• FY26 revenue was AUD 126.0m, up 63%; adjusted EBITDA AUD 30.8m, up 50% (69% excluding AUD 3.8m of Switzerland establishment costs); NPATA/UNPATA AUD 11.4m, up 73%.

• FY26 adjusted free cash flow was AUD 20.0m, up 56%; period-end cash was AUD 17.4m, up 37%, excluding AUD 9.9m held for customers.

• ANPR sites under management reached 2,083, up 16%, and PBN issuance rose 12%; Q1 FY27 revenue was AUD 31.4m, up 11% (15% constant currency), and adjusted EBITDA AUD 8.0m, up 1% (5% constant currency).

• Q1 FY27 added 119 gross sites and removed 63, with active churn exceeding 50% of removals; quarter-end ANPR sites were 2,129 and PBN issuance rose 8% YoY.

• Six-year revenue CAGR was 41% and adjusted EBITDA CAGR 69%.

Board and executive committee updates

• Simon Jones stood for his first director election, citing 35+ years in investment banking, chartered accountancy, audit and risk committee experience, and board leadership.

• CEO Paul Gillespie relocated to Austin in October to strengthen U.S. execution; Chris Morris was thanked for 13–13.5 years as chair and was to remain on the board.

• Derek Millard-Smith was appointed Chief Commercial and Regulatory Officer, with a formal start planned for February 2027; he brings 25+ years of regulatory law experience.