Data#3 (DTL) AGM 2024 summary

Opening remarks and agenda

• The meeting was opened by the Chair, who introduced the board, executive team, and auditors, confirming a quorum and outlining the agenda, including five resolutions for consideration.

• The hybrid format allowed both in-person and virtual participation, with clear instructions for voting and Q&A.

Board and executive committee updates

• Notable board changes included the retirement of a long-serving director and the appointment of a new CEO following a planned succession.

• Recruitment for a new board member is underway, and the Chair is reducing other commitments to focus on the company.

Financial performance review

• FY 2024 saw record gross sales of AUD 2.8 billion, up 7.6%, and net profit before tax of AUD 62.1 million, up 16.6%.

• Earnings per share rose 16.9%, and the fully franked dividend increased by 16.4% to AUD 0.255 per share.

• Growth was strongest in software solutions, maintenance, and managed services, with a 67% recurring business rate.

• The company remains debt-free, with normalized working capital and strong interest income.