Scott Technology (SCT) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, introduced board members, auditor, and registrar, and outlined meeting logistics for both in-person and online participants.

• Confirmed quorum with proxies representing over 68% of shares and thanked shareholders for participation.

• Meeting agenda included presentations from the Chairman and CEO, a review of FY25 financial performance, people and organisation updates, strategic outlook, voting on resolutions, and a Q&A session.

Financial performance review

• FY25 revenue was NZD 275 million, steady with prior year, with a shift to higher margin work and record second-half results.

• EBITDA reached NZD 31.5 million, up 19% year-on-year, with net profit after tax increasing 84% to NZD 14.2 million due to improved operations and lower expenses.

• Service revenue grew to 29%, and forward work pipeline strengthened to NZD 169 million.

• Margin expansion to 29% achieved through modularisation, cost resets, and improved business mix.

• Mining and protein domains saw revenue and margin growth; materials handling and appliances had mixed results but improved margins.

Board and executive committee updates

• Board committed to high standards of governance, transparency, and accountability, with ongoing focus on board diversity and succession.

• Board comprises a mix of independent and non-independent directors, with Stuart McLauchlan as Chairman.

• Executive team alignment and leadership strengthened through internal promotions and high-performing teams program.

• Board is seeking a new female director to enhance diversity.

• Directors intend to vote discretionary proxies in favor of all resolutions.