Collins Foods (CKF) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, confirmed quorum, and introduced the Board and executive team, including the new MD and CEO.

• Chair Robert Kaye SC and CEO Xavier Simonet delivered addresses to shareholders.

• Outlined meeting procedures, including online participation, Q&A, and voting processes.

• Notice of Meeting and Annual Report were taken as read, and the poll for voting was opened.

Financial performance review

• FY25 revenue reached $1,519.5M, up 2.1% from FY24, with underlying EBITDA stable at $228.5M.

• Underlying NPAT was $51.1M, up 14.8% from FY24, while statutory NPAT dropped to $8.8M due to impairments.

• Net operating cash flow increased to $181.4M, and net debt reduced to $137.9M.

• Restaurant count grew to 393, up from 381 in FY24.

• A $35M non-cash impairment was recognized for 16 restaurants in the Netherlands due to cost pressures.

Board and executive committee updates

• Xavier Simonet appointed as MD and CEO in November, bringing global experience and a focus on growth.

• Board comprises independent and non-executive directors with defined committee roles.

• Leadership changes included promotions and new appointments to strengthen operational focus.

• Mark Hawthorne and Kevin Perkins were up for re-election, with backgrounds in retail, franchising, and executive leadership.

• Board succession and diversity of skills, especially with a European focus, will be a priority over the next 1-2 years.