SHAPE Australia (SHA) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners, Board, management, and auditor introductions.

• CEO addressed the meeting, highlighting recent achievements and strategic direction.

• Agenda included Chairman's and CEO's addresses, formal business, and Q&A session.

Financial performance review

• Revenue grew 14% to $956.9 million, EBITDA up 26% to $32.7 million, and NPAT up 32% to $21.1 million; EPS increased 33% to 25.5c.

• Cash and marketable securities increased 30% to $128.3 million as of 30 June 2025.

• Strong tender conversion rate of 53% and a backlog of $492.4 million at the start of FY2026.

• Over 400 projects delivered in 2025, with 82% completed within 12 months; 85% of projects from repeat business.

Strategic initiatives and plans

• Focus on non-office sector expansion, geographic growth, and service diversification, with 34% revenue and 25% project win increases in non-office sectors.

• Modular construction revenue doubled to $14.5 million; new offices opened in Geelong and Townsville.

• Regional offices contributed $99 million in project wins; revenue in regional offices grew 173%.

• Continued investment in modular construction, aftercare, design & build services, and technology.

• Actively evaluating M&A opportunities and targeting growth in education, health, defence, and other sectors.