COSOL (COS) AGM 2024 summary

Opening remarks and agenda

• The meeting was held on 14 November 2024, with formal business including financial statements, director elections, and special resolutions.

Financial performance review

• FY24 group revenue reached $101.9 million, up 35.7% year-on-year, with underlying EBITDA of $15.7 million and a margin of 15.4%.

• NPATA was $9.6 million (+19.7% pcp), and underlying EPS was 5.24 cents (+2.9% pcp).

• Margin improvement in the second half supported full-year performance, with a final dividend of 1.39c and full-year dividend of 2.39c per share.

• Organic growth and strategic acquisitions contributed to a 44.8% CAGR in revenue since FY21.

Board and executive committee updates

• Gerald Strautins was re-elected as a director, while Grant Pestell retired and his re-election resolution was withdrawn.