Catapult Sports (CAT) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened by the Executive Chairman, who acknowledged traditional landowners and outlined the agenda, including formal business and a shareholder Q&A session.

• The AGM was conducted virtually, with instructions provided for voting and asking questions via the MUFG platform.

• The agenda included receiving financial statements, director reelections, remuneration report, ratification of share issues, equity incentives, and a special resolution to change the company name.

Financial performance review

• Total revenue grew 19% year-over-year to $116.5 million, with annualized contract value (ACV) surpassing $100 million for the first time.

• Management EBITDA margin reached 13%, with a record incremental profit margin of 65% and free cash flow nearly doubling to $8.6 million.

• ACV retention rate was 96%, and ACV per pro team rose 12% to nearly $27,000, driven by cross-sell and upsell success.

• Financial Report for the year ended March 31, 2025, along with Directors' and Auditor's Reports, was presented for consideration.

• Non-IFRS financial measures such as Management EBITDA, ARR, and FCF were referenced to provide additional insight.

Strategic initiatives and plans

• Innovations included the launch of Vector 8, a next-gen wearable for athlete monitoring, and Hub Pro, a unified coaching platform.

• Focus Live for practice was introduced, integrating live video with real-time athlete data.

• The acquisition of Perch was highlighted, with integration progressing well and further updates planned for FY26.

• The company reaffirmed guidance for FY26, focusing on profitable growth, strong ACV growth, low churn, and higher free cash flow.

• The professional sports technology market is projected to double by 2030, positioning the company as a global leader.