Ingenia Communities Group (INA) AGM 2025 summary

Opening remarks and agenda

• Voting procedures, entitlements, and participation rights were clarified for security holders, proxies, and visitors.

• The agenda included a performance update, CEO presentation, formal business, Q&A, and post-meeting refreshments.

• Acknowledgement of Country highlighted respect for First Nations heritage and community values.

Financial performance review

• FY2025 underlying earnings per share reached AUD 0.309, a 33% increase over FY2024, surpassing guidance.

• EBIT rose 22% to AUD 164.1 million, and operating cash flows surged 75% to AUD 145.2 million.

• Revenue increased 8% to AUD 512.0 million, with development settlements up 13% to 520 homes and holiday segment revenue up 6%.

• Segment results: Lifestyle Development EBIT up 25%, Lifestyle Rental up 2%, Holidays up 2%, Gardens down 8%.

• High occupancy rates: 98% in all-age rentals, 96% in Gardens, and over 99% in all-age rentals as of October 31.

Board and executive committee updates

• Dr. Jennifer Fagg joined the board in December, bringing expertise in technology, finance, and risk.

• Board renewal and streamlined executive structure continue to ensure a diverse mix of skills and operational efficiency.

• CEO John Carfi, appointed in April 2024, has driven strategic transformation and operational focus.

• Exited non-core funds management business and refined organisational structure.