G8 Education (GEM) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged Traditional Owners and Elders, and introduced directors and key executives, noting the hybrid format for shareholder participation.

• Outlined meeting procedures, including question and voting protocols for both in-person and online participants.

Financial performance review

• FY2025 described as one of the most challenging years, with sector-wide incidents impacting confidence and demand.

• Occupancy levels declined, leading to a statutory EBIT loss and net loss after tax of AUD 303.3 million.

• Operating cash flow remained positive despite constrained shareholder returns and a negative net tangible asset position.

• Gross debt reported at AUD 155 million, with ongoing concerns about balance sheet resilience and debt covenants.

Board and executive committee updates

• Board composition includes Chair, Managing Director & CEO, and several Non-Executive Directors, with specific mention of Debra Singh, Pejman Okhovat, Peter Trimble, Toni Thornton, Margaret Zabel, Professor Julie Cogin, and Stephen Heath.

• Board established a management committee to enhance governance and oversight.

• Directors addressed shareholder concerns about performance, capital management, and board renewal, reaffirming commitment to continuity during sector challenges.