Australian Ethical Investment (AEF) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of the Traditional Owners, the Gadigal people of the Eora Nation, and introduction of directors and executive team.

• Hybrid format enabled both in-person and online participation, with 187 valid proxy forms representing 42% of voting shares.

• Agenda included addresses from the Chair and CEO, Q&A, and formal voting on resolutions.

Financial performance review

• Funds under management reached AUD 13.94 billion as of June 30, a 34% increase, with organic net flows of AUD 3.5 billion and the Altius acquisition adding AUD 1.93 billion.

• Underlying profit after tax rose 29% to AUD 23.8 million; statutory profit up 68% to AUD 19.9 million.

• Revenue grew 19% year-on-year to AUD 119.4 million, with cost-to-income ratio improving to 71.4%.

• Total dividends increased by 56% to AUD 0.14 per share.

• Operating expenses rose 14% year-on-year.

Board and executive committee updates

• Richard Brandweiner and Brian Bissaker appointed to the board, bringing significant industry experience.

• Sandra McCullagh re-elected as Non-executive Director with 47.2m votes for, 308k against.

• Kate Greenhill retired as Non-Executive Director after over a decade of service.

• Tribute paid to former director Tony Cole, who recently passed away.