Hipages Group (HPG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened at 10:00 A.M. in Sydney, confirming quorum and proper constitution.

• Chair and CEO delivered addresses outlining the company's vision and strategic direction for the year ahead.

• Pre-recorded chair and CEO addresses provided for accessibility; live session focused on formal business and voting by poll.

• Procedures for virtual participation, Q&A, and voting explained, with support available for technical issues.

• The agenda included formal business, a general Q&A, and a final call for votes before closing.

Financial performance review

• FY25 revenue increased by 10% to $83.1m, with EBITDA up 20% to $19.6m and free cash flow up 162% to $5.6m.

• Gross profit margin remained strong at 89%, with EBITDA margin at 24%, up two points from the previous year.

• ARPU grew by 9%, with Australia up 8% and New Zealand up 23%.

• Recurring revenue rose 12% to $80.8m, and operating cash flow increased 17% to $22.5m.

• Closing cash and funds on deposit stood at $26.9m, up from $21.3m in FY24.

Board and executive committee updates

• Board and management team focused on disciplined capital management and strategic investments.

• Board comprises a mix of independent and non-executive directors, with clear committee leadership for audit, risk, remuneration, and nominations.

• No dividend declared for FY 2025, prioritizing investment for growth.

• Board and management continued ESG initiatives, emphasizing employee experience, operational impact, and governance integrity.