Objective (OCL) AGM 2025 summary

Shareholder proposals

• Resolution to adopt the remuneration report for the year ending 30 June 2024 was put to an advisory vote, with proxies displayed and undirected proxies voted in favor by the Chairman.

Financial performance review

• Revenue reached AUD 124 million, with annualised recurring revenue up 15% to AUD 120 million and adjusted EBITDA of AUD 46 million.

• Net profit after tax was AUD 35 million, R&D investment was AUD 31 million (30% of software revenue), and operating cash flow was AUD 46 million.

• Cash at balance date was AUD 99 million, and total dividends paid were AUD 0.22 per share unfranked.

• 84% of revenue was recurring, with a 17% CAGR in ARR and 28% CAGR in SaaS revenue over five years.

• Non-recurring revenue declined by 2%, with a 39% adjusted EBITDA margin and 15% ARR growth.

Dividend announcements

• Total dividends of AUD 0.22 per share unfranked were distributed.