Solvar (SVR) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed attendees, acknowledged traditional owners, and explained the hybrid meeting format for broader participation.

• Meeting was declared open with confirmation of quorum and introduction of board members, auditors, and key executives.

• AGM held on 14th November 2025, with a focus on reviewing FY25 performance and outlining FY26 outlook.

Financial performance review

• Loan book for continuing operations grew to AUD 832.7 million, up from AUD 791.1 million, and revenue increased to AUD 180.3 million.

• Over AU$3 billion in assets financed and revenues exceeding AU$200 million, with more than 70,000 active accounts.

• FY25 normalised NPAT increased 17.4% to $34.1m, with EPS up 21.2% to 16.8 cents; statutory NPAT surged 84.4% to AUD 31.4 million.

• Fully franked total dividend of AUD 0.14 per share was paid, up 40% on the prior year.

• Bad debt remained stable at 4.4% in FY25 and 1.2% for Q1 FY26.

Board and executive committee updates

• Kellie Cordner appointed to the board in September, bringing expertise in marketing and customer engagement.

• Symon Brewis-Weston retired after seven years, having chaired the Remuneration and Nomination Committee.

• Board chaired by Stuart Robertson, with key committees led by Symon Brewis-Weston and Craig Parker; Scott Baldwin serves as CEO.