EVT (EVT) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land owners and introduction of board, executives, and auditors.

• Hybrid meeting format enabled both in-person and online participation, with clear voting and question procedures outlined.

Financial performance review

• Normalized after-tax profit was AUD 38.4 million, up AUD 4.3 million; reported net profit after tax was AUD 33.4 million.

• Group normalized revenue reached AUD 1.2 billion, up AUD 15.6 million, and normalized EBITDA was AUD 160.8 million, up AUD 9.5 million.

• Property portfolio valued at AUD 2.3 billion, up 15% since 2020, with over AUD 310 million in non-core divestments at 30% above valuation.

• Net debt at June 30 was AUD 311.9 million, with significant liquidity headroom and refinancing underway for a core debt facility maturing in May 2026.

Board and executive committee updates

• Ongoing board renewal process, with recent appointments and continued search for new candidates.

• CEO and executive team commended for strong performance and platform for future growth.