TradeWindow (TWL) AGM 2024 Presentation summary

Opening remarks and agenda

• Chair Alasdair MacLeod welcomed shareholders and outlined the agenda, including executive addresses, Q&A, resolutions, and voting procedures.

Financial performance review

• FY24 trading revenue reached $6.2m, up 26% from the prior year, with a net loss after tax of $8.0m, improved from $9.8m.

• EBITDA loss reduced by 43% to $6.6m, and cash position improved post year-end with a $2.2m capital raise.

• Monthly average cash consumption dropped from $1m in FY23 to $0.3m in 2H FY24.

• Q1 FY25 trading revenue up 20% year-on-year, with annual recurring revenue at $6.8m and customer retention at 99%.

Board and executive committee updates

• Board size reduced following a director resignation; focus on best practice governance and diversity.

• Board comprises experienced leaders in technology, finance, and strategy, including Alasdair MacLeod (Chair), Phil Norman, AJ Smith (CEO), and Kerry Friend.

• Senior leadership team highlighted for domain expertise and global scaling capability.