Computershare (CPU) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders to the 2025 AGM, highlighting hybrid attendance options and introducing board members and executives.

• Notice of meeting was distributed to all shareholders and taken as read.

• Voting procedures and Q&A format were explained, with voting conducted by poll and open to both in-person and online participants.

• Chair and CEO delivered addresses outlining the meeting's focus and strategic direction.

Financial performance review

• Management EPS rose 15% to AUD 1.35 per share, and revenue increased 4.4% to $3.1bn compared to proforma pcp.

• Margin income was resilient, down 2.8% to $759.1m, while ROIC improved to 35.8%.

• Over $780 million in free cash flow was generated, supporting investments and shareholder rewards.

• All three core divisions—issuer services, corporate trust, and employee share plans—delivered revenue and earnings growth.

• Over the past three years, more than $2 billion in cash flow was generated, with low CapEx and significant technology investment.

Dividend announcements

• Total dividend per share for FY2025 reached a record AUD 0.93, up 13.4% year-on-year.

• FY2025 dividend payout was $334 million, with total returns including buybacks at $613 million, a 17% increase.

• AUD 750 million buyback program completed at an average price of AU $29.59; future buybacks unlikely due to tax inefficiency.

• Board will review dividend payout ahead of February half-year results, with payout under review due to tax limitations.