Breville Group (BRG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and introduction of board members and executives.

• Quorum confirmed and meeting formally declared open at 10:00 A.M.

• Agenda included Chair's and CEO's addresses, annual and remuneration reports, director re-elections, and grant of rights to the CEO.

Financial performance review

• FY 2025 revenue reached AUD 1.7 billion, up 10.9% from FY24, with a 14.3% six-year CAGR; EBIT was AUD 205 million, up 10.2%, with a 13.2% six-year CAGR.

• Double-digit growth across all regions, led by strong performance in coffee and new product development.

• Investment in R&D, marketing, and technology increased to AUD 241 million (14.2% of sales) in FY 2025.

• Earnings per share grew by 14.1% to 94.4c, and dividends per share increased by 12.1% to 37c, fully franked.

• Net cash position at year-end was AUD 48.5 million, supported by strong cash flow despite tariff-related inventory and capex investments.

Board and executive committee updates

• Sally Herman, Catherine Wright, and Tim Baxter stood for re-election, each highlighting their experience and commitment to governance, strategy, and sustainability.

• Board composition and skills mix emphasized to address global complexity, including technology and climate change.