WOTSO (WOT) AGM 2026 summary

Opening remarks and agenda

• Chairman Seph Glew opened the meeting after confirming a quorum; directors, the Company Secretary, auditor and business advisor were present.

• Proxy and live voting were open for resolutions 1–4, with discussion and questions scheduled during the formal business and afterward.

• The FY 2026 financial statements and directors’ and auditor’s reports were laid before the meeting; the annual report was lodged with ASX on 25 August 2026.

Financial performance review

• FY 2026 revenue was AUD 48.8m; flexspace sales rose 11% to AUD 35.3m, while underlying EBITDA was AUD 10.1m, broadly in line with the previous year.

• Startup locations recorded a ~AUD 641,000 contribution-margin loss; developing locations’ contribution rose from AUD 277,000 to AUD 781,000.

• Despite 29% network growth in FY 2026, corporate overheads remained broadly flat at ~AUD 8m.

• During FY 2026, more than 2.5m securities were bought back after the Yandina property sale; the buyback was NAV-accretive but did not meaningfully improve the market price.

Board and executive committee updates

• Richard Hill was proposed for re-election as a director of Ostow and Planloc; Jessie Glew presented the operating and growth outlook as CEO.