VIQ Solutions (VQS) AGM 2025 summary

Opening remarks and agenda

• Board chair welcomed shareholders, acknowledged board members, and thanked outgoing independent directors for their service.

• Emphasis placed on transitioning from recovery to resilience, with a focus on unlocking long-term shareholder value and completing AI-powered platform migrations.

• Agenda included presentation of audited financials, election of directors, appointment of auditors, and appointment of meeting officials.

Financial performance review

• Achieved an $8 million year-over-year turnaround in Adjusted EBITDA and expanded gross margins in 2024.

• Implemented price increases and improved efficiency across all regions, positioning for scalable, profitable growth.

• Financial statements for the year ended December 31, 2024, were made available to shareholders and filed publicly.

Board and executive committee updates

• Board evaluated strategic options, including privatization, but decided to remain public after reviewing multiple credible offers.

• Independent directors and advisors unanimously agreed that remaining public offers greater long-term upside.

• Four directors nominated and elected: Larry Taylor, Sebastien Pare, Joseph Quarin, and Bradley Wells.