Gold Road Resources (GOR) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced with acknowledgment of traditional landowners and a welcome to both in-person and online participants.

• Introduction of board members, executive team, auditors, and share registry representatives.

• Managing Director & CEO Duncan Gibbs led the AGM, presenting the company's annual review and strategic outlook.

• Agenda included voting on resolutions, company update, and Q&A with shareholders.

Financial performance review

• Net profit after tax for 2024 was AUD 143 million, up from AUD 115.7 million in 2022.

• EBITDA reached AUD 294 million, with a margin of 56% and free cash flow of AUD 92 million.

• Revenue rose 12% year-on-year to AUD 528 million; EPS exceeded 9c in H2 2024.

• Cash and equivalents at year-end were AUD 174 million, with no debt or hedging.

• Listed investments valued at AUD 742 million at year-end, rising to AUD 914 million by meeting date; total shareholder return of 61% from Dec 2020 to Dec 2024.

Board and executive committee updates

• Brian Levitt and Denise McComish stood for re-election, highlighting their committee roles and relevant experience.

• Board abstained from voting on remuneration-related resolutions for good governance.

• New executive appointments included Brian Massey as General Manager, Investor Relations and Corporate Development.

• Board led by Non-Executive Chairman Tim Netscher and CEO Duncan Gibbs, supported by a diverse leadership team.

• Board composition includes 40% female members, reflecting diversity and inclusion priorities.