Solvar (SVR) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed attendees, acknowledged traditional owners, and explained the hybrid meeting format for broader shareholder participation.

• Meeting was declared open with confirmation of quorum and introduction of board members, management, and auditors.

• AGM held on 14th November 2025, with a focus on reviewing FY25 performance and outlining FY26 outlook.

Financial performance review

• Loan book for continuing operations grew to AUD 832.7 million, up from AUD 791.1 million, and revenue increased to AUD 180.3 million from AUD 177.9 million.

• FY25 interest income rose 1.4% to $180.3m, loan book grew 5.3% to $832.7m, but originations fell 8.6% to $389.1m.

• Normalized NPAT was AUD 34.1 million, with EPS at AUD 0.16 per share; statutory NPAT surged 84.4% to AUD 31.4 million.

• FY25 normalised NPAT increased 17.4% to $34.1m, with EPS up 21.2% to 16.8 cents.

• Bad debt remained stable at 4.4% in FY25 and 1.2% for Q1 FY26.

Board and executive committee updates

• Kellie Cordner was welcomed as a new board member, bringing expertise in marketing and customer engagement.

• Symon Brewis-Weston retired after seven years, having chaired the Remuneration and Nomination Committee.

• Board chaired by Stuart Robertson, with key committees led by Symon Brewis-Weston and Craig Parker; Scott Baldwin serves as CEO.