Seeing Machines (SEE) AGM 2025 summary
Event summary combining transcript, slides, and related documents.
AGM 2025 summary
5 Jan, 2026Opening remarks and agenda
Chair welcomed attendees, confirmed quorum, introduced directors, CEO, Company Secretary, and auditor, and acknowledged traditional land owners.
AGM held online on 26 November 2025 at 6pm AEDT, with formal business and voting procedures outlined.
Financial performance review
Progress highlighted toward cash flow break-even run rate by year-end and expectation to be cash generative in 2026.
Current trading performance is in line with previous statements, with positive sentiment from OEMs and tier one customers.
Increasing pipeline and rate of sale in Guardian business, with costs under control.
Financial statements for the year ended 30 June 2025, Directors' Report, and Independent Auditor's Report were presented for consideration and questions.
Board and executive committee updates
Harad Foster to step down from the Board at the conclusion of the meeting; Board workload redistributed among three non-executive directors for the next 3–6 months.
Resolutions included re-election of Stephane Verdy as Director and approval of rights and options for Managing Director Paul McGlone.
Latest events from Seeing Machines
- Record production and profitability in H2 FY2026 set the stage for continued growth.SEE
H2 2026 TU - Gross margin rose to 58% as adjusted EBITDA losses narrowed, despite a wider net loss.SEE
H1 2026 - Recurring revenue and royalty growth offset lower NRE, with positive EBITDA expected in H2 FY2026.SEE
H1 2026 TU - Revenue and margins surged as regulatory momentum and new investment drive profitability.SEE
H2 2025 - Resolutions passed decisively, revenue up 17%, cash flow break-even expected FY25.SEE
AGM 2024 - Margin expansion and revenue growth continue, with break-even targeted by end of FY25.SEE
H2 2024 - Revenue up 17% and over 2.2 million vehicles equipped, with break-even targeted for FY2025.SEE
Trading Update - Cash position strengthened and partnerships set stage for growth amid market volatility.SEE
Trading Update - OEM growth, cost cuts, and regulatory tailwinds drive progress toward 2025 break-even.SEE
H1 2025