DGL Group Limited (DGL) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with all directors present and auditors available for questions.

• Virtual meeting procedures and Q&A process explained to shareholders.

• Four resolutions and annual financial statements tabled for discussion and voting.

Financial performance review

• FY 2024 revenue was AUD 466 million and EBITDA AUD 64.6 million, steady year-on-year.

• Gross margins rose from 37% to 43% due to lower raw material costs and improved product mix.

• Net profit after tax was AUD 14.3 million, down 18% from FY 2023, mainly due to cost inflation and higher interest costs.

• Cash flow from operations was AUD 37.3 million.

Board and executive committee updates

• Senior leadership team reshaped and new CFO and general counsel appointed.

• Ongoing search for an additional independent director to enhance board diversity and skills.