Liberty Financial Group (LFG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners and a welcome to shareholders and unit holders, conducted as a hybrid event with both in-person and virtual participation.

• Directors, executive team, company secretary, and external auditor were introduced, with prepared speeches released to the market.

• Procedures for online participation, voting, and question submission were explained, with all resolutions to be decided by poll.

• The agenda included addresses from the Chair and CEO, followed by formal business items, Q&A, and closing remarks.

Financial performance review

• Statutory net profit after tax for FY2025 was AUD 133 million, a 16% increase over FY2024.

• Underlying NPATA rose to AUD 145 million, up 10% from the previous year; net revenue increased 4% to AUD 604 million.

• Net interest margin expanded in 2H25 due to stable funding markets, with cost-to-income ratio improving to 27.1%.

• Bad and doubtful debts fell to 19 basis points, and impairment expenses decreased as credit risk moderated.

• Investment grade balance sheet maintained with 12% cash ROE.

Board and executive committee updates

• Michael Hawker was welcomed as a new non-executive director, bringing extensive financial services and board experience.

• Peter Hawkins retired after more than 18 years of service, recognized for his leadership and strategic insight.

• Re-election and election of directors Jane Watts, Peter Riedel, and Michael Hawker were proposed and addressed.