Virgin Australia (VGN) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and respect to Elders past and present, confirmation of quorum, and poll opening.

• Hybrid format enabled participation both in person and online, with clear instructions for questions and voting.

• Introduction of board members, executive team, and external auditors present.

Financial performance review

• Revenue and income reached $5,810 million for the year ended 30 June 2025.

• Statutory net profit after tax reached AUD 479 million.

• Underlying EBIT for FY2025 was AUD 664 million, up 17%, with an EBIT margin of 11.4%.

• Over 20.7 million passengers were carried, a 13% increase from the previous year.

• Operational performance improved, with 76.8% on-time departures and a 98.4% completion rate.

Board and executive committee updates

• New CEO Dave Emerson appointed in March 2025, bringing a customer-centric focus.

• Board includes Peter Warne (Chair), Dave Emerson (CEO & MD), Melinda Conrad, Ryan Cotton, Dimitri Courtelis, Philippa Downes, Michael Murphy, Charles Lawson, and Warwick Negus.

• Board and executive team highlighted for their role in post-administration transformation and ongoing governance.

• All non-executive directors, including the Chair, stood for election or re-election.