Goodfood Market (FOOD) AGM 2026 summary

Opening remarks and agenda

• Chairman welcomed shareholders, outlined the virtual meeting format, and detailed business matters including financial statement review, director elections, auditor appointment, and other business.

• Meeting convened on February 26, 2026, with formal notice and proxy materials distributed to shareholders of record as of January 7, 2026.

• Chairman assumed CEO role effective February 13, 2026, with a mandate to strengthen financials and operations for sustainable profitability.

Financial performance review

• Audited consolidated financial statements for the fiscal year ended September 6, 2025, were presented, covering financial position, performance, and cash flows in accordance with IFRS.

• Auditor KPMG LLP issued an unqualified opinion, confirming fair presentation of financials.

• Audit and related fees increased from $323,478 in fiscal 2024 to $401,385 in fiscal 2025, reflecting expanded audit and advisory services.

Board and executive committee updates

• John Khabbaz stepped down from the board as of February 13, 2026; votes for him disregarded and director slate reduced.

• Director nominees included a mix of independent and non-independent members with expertise in grocery, digital consumer, finance, legal, ESG, and strategic planning.

• Board composition and skills matrix highlighted to support ongoing strategy.

• Current board members introduced, including Lead Director and committee chairs.