Black Pearl Group (BPG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and notice sent to all shareholders.

• Chair's remarks opened the meeting, followed by a structured agenda including resolutions, Q&A, voting, and closing statements.

• Executive management and external advisors introduced; agenda included Chair's remarks, a single resolution, Q&A, voting, and close.

Financial performance review

• Annual recurring revenue reached NZD 19.5 million as of September 30, up 87% year-on-year and 39% quarter-on-quarter.

• All four growth drivers operated in parallel for the first time, delivering strong momentum.

Board and executive committee updates

• Executive team introduced, including CEO, interim CFO, CTO, legal advisor, and client partnership manager.

• Chairman Tim Crown, appointed in January 2020, highlighted for his leadership and experience.

• Board emphasized careful use of shareholder capital and discipline regarding dilution.

• Commitment to maintaining flexibility to act on growth opportunities while protecting shareholder value.