Northland Power (NPI) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Chair, with introductions of all director nominees and explanation of meeting logistics and voting procedures.

• Agenda included receiving audited financials, electing directors, reappointing auditors, and an advisory vote on executive compensation.

Financial performance review

• Audited consolidated financial statements for the year ended December 31, 2025, were presented, with copies available to shareholders.

• 2025 EBITDA guidance was met and free cash flow expectations were exceeded; fleet availability remained high at 96%.

• Key projects, such as Oneida, were completed ahead of schedule and under budget with zero lost time incidents.

Board and executive committee updates

• Eleven directors were nominated and elected, with all nominees receiving sufficient votes.

• Committee chairs and executive roles were introduced, highlighting governance structure.