Capral (CAA) AGM 2025 summary

Opening remarks and agenda

• AGM opened with confirmation of quorum and introduction of board members, with some attending virtually.

• Meeting conducted online, allowing shareholders to submit questions and vote electronically.

• Agenda and procedures for Q&A and voting were explained, with voting conducted by poll.

Financial performance review

• EBITDA for 2024 was AUD 58.3 million, down from AUD 61.5 million in 2023; EBIT fell 10% to AUD 34.5 million.

• Net profit after tax rose to AUD 32.5 million, aided by a tax benefit; revenues remained steady at AUD 650 million.

• Earnings per share increased to AUD 1.88, including a tax benefit, compared to AUD 1.77 in 2023.

• Working capital ended at AUD 87.7 million, slightly up from the previous year.

• Net cash balance at year-end was AUD 68.9 million; inventory values rose due to higher aluminum prices.

Board and executive committee updates

• Kathy Austin resigned as Non-Executive Director; Laurie Lefcourt appointed and will chair the Audit Risk Committee.

• Brian Tischer stood for re-election as Non-Executive Director and addressed his qualifications and experience.