WAM Capital (WAM) AGM 2025 summary

Opening remarks and agenda

• Welcomed attendees to the 27th AGM, acknowledged traditional owners, and highlighted the hybrid meeting format.

• Introduced board members and outlined the meeting's structure, including voting and Q&A procedures.

• Confirmed quorum and declared the meeting open, with the notice of meeting taken as read.

Financial performance review

• Investment portfolio increased by 22.2% over the last 12 months, outperforming the All Ords by 9% and Small Ords by 9.9%.

• High dividend payments continued, with approximately AUD 4.68 per IPO dollar paid out since inception, totaling about AUD 2.1 billion.

• For the period from June to October, portfolio up 10.5%, outperforming the All Ords by over 4%.

Board and executive committee updates

• Directors Dr. Pip Ryan and James Chirnside provided backgrounds and discussed their expertise and contributions.

• Board praised for diversity of skills, including legal, digital economies, and fund management experience.