Lords Group Trading (LORD) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and introductions of board members and executives.

• Attendees were informed about the Q&A process and housekeeping matters.

Financial performance review

• Trading since the 2024 annual results has continued in line with management's expectations.

• Merchanting volumes were 11% ahead in Q1, with new branches outperforming expectations.

• The balance sheet was strengthened by a property sale and leaseback in April 2025.

Board and executive committee updates

• Board members and executive team were introduced, including CEO, CFO, and independent non-executive directors.

• Re-election of all current directors was proposed and approved.