Cedar Woods Properties (CWP) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with a quorum, welcoming shareholders in person and online, with opening addresses from the Chairman and Managing Director, and an agenda covering strategy, financials, governance, and future outlook.

• Agenda included financial report consideration, director re-election, remuneration report, equity incentive approvals, and project showcase.

Financial performance review

• Net profit after tax reached AUD 48.1 million, up 19% year-on-year, exceeding guidance.

• Revenue was AUD 466 million, up 21%, with 1,264 lots sold and 1,125 settled.

• Earnings per share rose 19% to AUD 0.584; return on equity was 10%.

• Pre-sales at Q1 reached a record AUD 763 million, up 36% from the previous year.

• Share price increased 27% since year end and 80% since July 2023, outperforming the Small Industrials Index.

Board and executive committee updates

• Board members and executive team introduced, including Managing Director, Deputy Chairman, and Independent Non-Executive Directors.

• Robert S Brown stood for re-election as director and received 78.52% support.

• Managing Director Nathan Blackburne received approval for new equity incentives, including 35,863 Zero-Price Options and 111,416 Performance Rights, both passed with over 95% support.

• Lead Audit Partner from Ernst & Young present to answer audit-related questions.