Gentrack Group (GTK) AGM 2026 summary

Opening remarks and agenda

• Meeting held virtually to accommodate global board and executive locations and reduce costs.

• Shareholders could vote and ask questions online, with pre-recorded director messages to avoid technical issues.

• Quorum confirmed, auditors and legal counsel introduced, and agenda outlined including chair's address and business review.

• Chair's introduction, CEO's business review, shareholder questions, and ordinary resolutions were outlined as the meeting agenda.

Financial performance review

• Group revenues rose 8% to NZD 230.2m, with recurring revenue up 13% to NZD 155.4m.

• Utilities revenue grew 7% to NZD 193.4m; airports division revenue up 15% to NZD 36.8m.

• Group EBITDA increased 18% to NZD 27.8m; net profit after tax up 119% to NZD 20.9m.

• Cash balance at year-end was NZD 84.8m, up NZD 18.1m from prior year.

• Maintained guidance for mid-term growth: over 15% CAGR and 15-20% EBITDA; cash generative position with no debt.

Board and executive committee updates

• Darc Rasmussen and John Scott stood for (re-)election as independent directors, both supported unanimously by the Board.

• Darc highlighted transformation achievements and AI as a value accelerator; John emphasized global experience and focus on shareholder return.

• Board composition includes Andy Green (Chair), Fiona Oliver, Darc Rasmussen, Gary Miles (CEO), Stewart Sherriff, Gillian Watson, and John Scott.