Tecsys (TCS) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of board members and explanation of virtual meeting procedures.

• Agenda included procedural matters, financial review, election of directors, auditor appointment, and Q&A.

Financial performance review

• Revenue grew by 3% in 2025, with SaaS revenue up 29% and hardware revenue down 39%.

• Adjusted EBITDA increased 39% to $13.4 million, driven by SaaS margin expansion.

• SaaS margin rose from 50% in 2023 to 61% in 2025, with a target of 65% in 2026.

• Cash and short-term investments exceeded $39 million at year-end, with no debt.

Board and executive committee updates

• Eight directors were nominated and elected to serve until the next annual meeting.

• KPMG LLP was reappointed as auditors, with directors authorized to fix remuneration.