AFC Group (AFC) AGM 2025 summary

Opening remarks and agenda

• The meeting was held virtually via Zoom, with proper notice and quorum confirmed for official proceedings.

• Shareholders and guests were welcomed, and the financial year ending 31 March 2025 was reviewed.

• Shareholders were informed of voting procedures and the acceptance of questions at the chair's discretion.

Financial performance review

• Revenue for the year ending March 31, 2025, was NZD 741,088, a 44% decrease from the previous year.

• The company reported a net loss of NZD 184,806, compared to a net profit of NZD 53,911 in the prior year.

• Net equity stood at NZD 243,574, with total assets of NZD 2,129,822 and cash equivalents of NZD 3,760 as of March 31, 2025.

• The downturn was attributed to weak overseas wine sales, slow new business development, and adverse macroeconomic conditions.

Dividend announcements

• No dividend was declared or paid for the 12 months ending March 31, 2025.