Enero Group (EGG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum, hybrid format, and acknowledgment of Traditional Owners.

• Chair welcomed attendees, outlined the agenda, and confirmed notice of meeting was distributed in advance.

• External auditors from EY attended and were available for shareholder questions.

• Agenda included business review, trading update, board updates, formal resolutions, and Q&A.

Financial performance review

• FY25 revenue from continuing operations was $138.7M, EBITDA $14.1M (up 2%), and adjusted net profit $4.2M.

• Net cash position was $27.5M as of June 30, 2025.

• FY26 Q1 Group EBITDA grew 13%, driven by Australian agencies and lower corporate costs.

• BMF margins expanded to 21.6% in FY26 Q1; Orchard revenue up 17% and EBITDA up 83%.

• Divestment of OB Media in June 2025 improved financial stability and focus on core operations.

Board and executive committee updates

• Ian Ball presented his first AGM as Group CEO, highlighting operational efficiency and agency performance.

• Board comprised of four independent non-executive directors and the Group CEO, with significant executive refresh.

• Appointment of a new Global CEO for Hotwire, commencing January 2026.

• Board focused on leaner corporate center and improved transparency.