Infomedia (IFM) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land owners and respect extended to First Peoples in all countries of operation.

• Welcome extended to shareholders, advisors, executive team, and auditors.

• Housekeeping covered registration, voting cards, and broadcast details; agenda included Chairman's Address, CEO Address, performance review, strategy, and formal business.

• Largest board attendance in company history noted.

Financial performance review

• Revenue for FY 2024 increased by 8% to AUD 141 million, with 99% recurring revenue.

• Underlying cash EBITDA rose 17% to AUD 33 million; margin up to 23%.

• NPATA increased 26% to AUD 20.9 million; reported NPAT up 32% to AUD 13 million.

• Earnings per share up 33% to AUD 3.38; total dividend for FY 2024 was AUD 0.42 per share, up 5% from FY 2023.

• Company remains debt free with net cash up 19% to AUD 70 million.

Board and executive committee updates

• Chairman Bart Vogel announced retirement; Jon Brett introduced as incoming chairman.

• Joe Powell joined the board in October 2024; Kim Anderson stepped down after five years.

• Election of Jon Brett and Joseph Powell as independent Non-Executive Directors confirmed.

• Board renewal and engagement with major shareholders highlighted.