Sequoia Financial Group (SEQ) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of board members, executives, auditors, and share registry representatives; quorum confirmed.

• CEO Garry Crole presented the AGM on 20 November 2025, outlining the group's performance and strategic direction.

• Voting procedures explained, with all resolutions to be decided by poll; only in-person shareholders and proxies eligible to vote.

• Agenda included review of financial performance, board updates, four resolutions, and Q&A.

Financial performance review

• FY2025 revenue reached $124.1m, with EBITDA up 14% and operating profit at $9.9m.

• Operating cash flow after tax was $6.1m; cash and listed investments totaled $20.3m at year-end.

• Dividend payout of 4.0 cents per share, totaling $4.95m, with a fixed payout ratio.

• Five-year net profit before tax totaled $55m, supporting consistent dividends.

• Revenue growth continued despite divestment of several high-revenue businesses over the past three years.

Board and executive committee updates

• Board strengthened governance with a new AFSL Governance Committee led by Danielle Press.

• Board and executive team praised for professionalism and culture; board confident in group direction.

• Shares on issue reduced by almost 10% over the last three years, supporting strong dividend distribution.