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Bank of Queensland (BOQ) investor relations material
Bank of Queensland AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Acknowledgement of traditional custodians, welcome to shareholders, and emphasis on Queensland heritage and resilience.
Outlined meeting procedures, emergency protocols, and question submission processes for both physical and virtual attendees.
Introduced board members, executive team, and external auditor; confirmed quorum and meeting format.
Emphasized a shift to a simpler, specialist bank model and outlined digitisation strategy and progress on remedial action plans.
Financial performance review
Cash profit after tax for 2025 was AUD 383 million, up 12% from the prior year, driven by margin uplift, cost management, and asset quality.
Fully franked final dividend of AUD 0.20 per share, full-year dividend AUD 0.38, up 12% from FY24; AUD 231 million returned to shareholders.
Commercial lending grew by AUD 1.6 billion (14%), with strong performance in specialist sectors and business banking.
Total income rose 4% to $1,657m, underlying profit up 10%, and statutory net profit after tax up 12%.
CET1 ratio improved by 80bps to 10.94%; cost-to-income ratio improved by 210 basis points; return on equity up 70 basis points.
Board and executive committee updates
Karen Penrose stood for re-election with board support, highlighting her experience and commitment to transformation.
Paul Riordan, with extensive risk and audit experience, stood for election as a new director and Audit Committee Chair.
Stephen Mayne self-nominated for the board but was not supported by the board due to skills alignment.
Board emphasized ongoing renewal, with three of six directors joining since January 2024 and plans for further recruitment.
Board composition features a diverse mix of skills and experience.
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