SGH (SGH) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and overview of diversified operations in industrial services and energy.

• AGM held on 13th November 2025, chaired by Terry Davis and attended by MD & CEO Ryan Stokes.

• Emphasis on disciplined operating and capital allocation models as key strengths.

Financial performance review

• Achieved record FY25 earnings, strong cash conversion, enhanced return on capital, and reduced leverage.

• 10-year EBIT CAGR of 20% and market cap growth to over $20 billion, outpacing ASX 100.

• Consistent, stable, and growing fully franked dividends; 17% dividend increase in FY25.

• TSR of 46% for FY25, outperforming ASX100 at 15%, and inclusion in ASX 100 and MSCI World Index.

• FY26 guidance reiterated for low to mid-single-digit EBIT growth.

Board and executive committee updates

• Board composition reviewed for expertise, accountability, and independence.

• Annabel Chaplin to retire in early 2026; Mark Johnson to succeed as Audit and Risk Committee Chair.

• Vic Bansal, outgoing Boral CEO, to join Board in 2026; Chair Terry Davis to retire in 2026.

• Several directors standing for re-election and board changes noted.

• Chair succession process underway, with updates to be provided next year.