Praemium (PPS) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners, introductions of directors, management, auditors, and registry representatives, and confirmation of quorum for a hybrid in-person/virtual AGM format.

• Shareholders were briefed on procedures for questions and voting, with polls opened early to accommodate all attendees.

• The agenda included the Chairman's and CEO's reports, shareholder Q&A, and business of the meeting, including three formal resolutions.

Financial performance review

• Achieved record full-year EBITDA of AUD 28.1 million, up 31% year-on-year, and a 55% increase in NPAT, surpassing analyst expectations.

• Platform revenue grew by 32% to AUD 82 million, now comprising 80% of total revenue.

• $12.3 million returned to shareholders during FY25.

• Significant increase in capital expenditure in FY 2025, mainly for superannuation system development.

Board and executive committee updates

• Welcomed new CFO Emma Stepcic; executive team now consists of CEO, CFO, Chief Strategy Officer, COO, CTO, and Chief Risk, Compliance and People Officer.

• Board comprised of Chairman Barry Lewin and three non-executive directors.

• Some changes in executive leadership were part of normal renewal and succession planning.