Solution Dynamics (SDL) AGM 2025 summary

Opening remarks and agenda

• Meeting held both in person and online, with voting and Q&A available for all shareholders.

• Directors, auditors, legal advisors, and share registrar present; quorum confirmed.

• Agenda included FY2025 review, financial metrics, business strategy, product initiatives, and formal resolutions.

Financial performance review

• Achieved third-highest-ever net profit after tax of NZD 2.6 million in FY2025 despite restructuring and customer loss.

• Revenue up 6.9% to NZD 41.3 million, with growth from postage price increases and international accounts.

• SG&A costs declined 1.7% year-on-year, with a 10% drop in the second half due to cost control and system upgrades.

• Strong cash position of NZD 9–10 million; share buybacks ongoing or considered.

• EBITDA margin decreased to 10.8% in FY2025.

Board and executive committee updates

• CEO operating on reduced hours due to family medical issue; chair providing executive support for NZ operations.

• Board regularly reviews leadership and succession; no near-term changes planned.

• Directors and executives took pay cuts during restructuring, with review planned for next year.