Bubs Australia (BUB) AGM 2025 summary

Opening remarks and agenda

• Welcomed shareholders, auditors from KPMG, and share registry representatives; confirmed proper notice and opened the poll for voting.

• Outlined voting procedures and confirmed eligibility; results to be released to the ASX and company website.

• Acknowledgement of Country and respect paid to Traditional Custodians and Elders.

Board and executive committee updates

• Paul Jensen became Chair after Katrina Rathie's resignation and offered himself for re-election.

• Acknowledged contributions of outgoing Chair and CEO; highlighted board and committee roles.

• Welcomed new CEO Joe Coote, emphasizing his international experience and leadership.

• Chair and CEO delivered addresses outlining achievements, challenges, and future direction.

• New CEO highlighted strong foundations, brand equity, and opportunities for commercial focus and innovation.

Financial performance review

• Achieved annual revenue of AUD 103 million, 23% growth, 48% gross margin, and positive operating cash flow of AUD 6.1 million.

• Underlying profit was AUD 600,000; statutory EBITDA was AUD 5.5 million, with adjustments for one-off items.

• 81% of sales from offshore markets; U.S. contributed 52%, China 21%, Australia 19%, rest of world 8%.

• Inventory management improved, with inventory as a percentage of net revenue decreasing over three years.

• Q1 FY 2026 showed strong U.S. growth, with subdued performance in other regions due to stock shortages and lower marketing spend.