G8 Education (GEM) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional landowners, and introduced directors and key executives, noting the hybrid format for shareholder participation.

• Chair and CEO delivered addresses to open the meeting, setting the tone for the session.

• Procedural matters and instructions for participation, including how to ask questions and vote, were outlined for attendees.

Financial performance review

• FY2025 was described as one of the most challenging years, with sector-wide incidents impacting confidence and demand.

• Occupancy levels declined, contributing to a statutory EBIT loss and a net loss after tax of AUD 303.3 million.

• Operating cash flow remained positive despite constrained shareholder returns.

• Gross debt stood at AUD 155 million, with negative net tangible assets and significant retained losses.

Board and executive committee updates

• Board established a management committee to enhance governance and focus.

• Directors and executives addressed shareholder concerns about performance, capital management, and board renewal.

• Board composition includes a Chair, Managing Director & CEO, and several Non-Executive Directors, with specific mention of Debra Singh, Pejman Okhovat, Peter Trimble, Toni Thornton, Margaret Zabel, Professor Julie Cogin, and Stephen Heath.