Team Internet Group (TIG) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the chairman, confirming quorum and welcoming both in-person and electronic attendees.

• Housekeeping rules outlined, including live-streaming for remote shareholders.

• Board members introduced, with apologies noted for absent directors.

• Announcement of Claire MacLellan stepping down from the board, with formal thanks recorded.

Financial performance review

• Domain Identity and Software (DIS) division generated $195M revenue, $76M net revenue, and $21M EBITDA.

• Comparison business achieved $65M commission income, $21M net revenue, and $12M EBITDA, with growth outside its core market.

• Search division, after transitioning to a new Google program, delivered $222M revenue, $40M net revenue, and $9M EBITDA.

• Group totals: $482M gross revenue, $136M net revenue, $43M EBITDA, $0.09 adjusted EPS, and net debt reduced by 9%.

• Record cash conversion ratio of 155% of adjusted EBITDA achieved, with $66M operating cash flow.

• First half of the current year: DIS and Comparison segments showed strong momentum, with DIS net revenue at $40.8M and EBITDA at $14M; Comparison net revenue at $12.4M and EBITDA up 50% year-on-year.

• Search division returned to profitability by June, with all revenues now from new products.

• Group H1: $180M gross revenue, $61M net revenue, and higher adjusted EBITDA than H2 last year.

Board and executive committee updates

• Board composition detailed, including committee roles and recent changes.

• Claire MacLellan's resignation from the board for personal reasons formally acknowledged.