Symal Group (SYL) AGM 2025 summary

Opening remarks and agenda

• Meeting opened at 11:00 A.M. AEDT with a quorum present and was held as a hybrid event, allowing both in-person and virtual participation.

• Attendees included board members, executive directors, CEO, CFO, general counsel, auditor, and share registry representatives.

• Procedural guidelines for voting and question submission were outlined, with voting conducted by poll and instructions provided for both physical and online attendees.

• Acknowledgement of country and respect for Traditional Custodians and Elders.

• Safety procedures and meeting logistics outlined for attendees.

Financial performance review

• Achieved normalised EBITDA of AUD 106.1 million for FY25, 3.7% above prospectus guidance and up 22% from FY24, with an 11.8% margin.

• Normalised net profit after tax reached AUD 45.7 million, up 50% from FY24 and nearly 10% ahead of forecast.

• Ended the year with a net cash position of AUD 46.1 million, an increase of AUD 5.8 million from June 2024, and 121% cash conversion.

• Distributed AUD 13.9 million in dividends to security holders, with a full year dividend of 5.9cps, representing 50% pro-rata NPAT.

• Reaffirmed FY26 EBITDA guidance of AUD 117–127 million, with a 40%-60% split across halves.

Board and executive committee updates

• Directors Ray Dando, Andrew Fairbairn, and Ken Poutakidis were re-elected, each expressing commitment to the company’s strategic vision and growth.

• Board comprises independent and executive directors, including Peter Richards (Chair), Ken Poutakidis, Joe Bartolo, Ray Dando, Anne Lockwood, Shane Gannon, and Andrew Fairbairn.

• Board highlighted strong chemistry and collaboration among non-executive and executive directors.