TradeWindow (TWL) AGM 2026 summary

Opening remarks and agenda

• Meeting held virtually on September 29, 2026, with presentation materials released to NZX and ASX.

• Chair and CEO addressed shareholders, outlining the agenda including board updates, financial review, shareholder questions, resolutions, and voting.

• Agenda included Chair's address, FY 2026 recap, CEO update on strategy and outlook, Q&A, and five formal resolutions.

• Quorum confirmed and meeting formally opened.

• Instructions for Q&A and voting provided to participants.

Financial performance review

• Trading revenue increased from NZD 8 million to $9.6 million in FY26, with FY27 guidance midpoint at NZD 11.1 million.

• Annual recurring revenue compounded at 28% per year; customer retention at 90%.

• EBITDA loss narrowed from NZD 1.5 million to NZD 1.2 million, with breakeven targeted for FY27; net loss after tax reduced by 26%.

• Net cash at June 30, 2026, was $4.0 million, with no bank debt and sufficient to reach profitability.

• Q1 FY27 trading revenue up 18% YoY to NZD 2.7 million; ARR up 17% to $10.4 million; ARPC up 20% (shippers) and 19% (freight forwarders).

• Gross margin held at 63%; no single customer accounted for more than 4.6% of revenue.

Board and executive committee updates

• Two Australian Independent Directors, Susan Beling and Brodie Collins, appointed to meet ASX requirements and bring logistics expertise.

• Andrew Balgarnie transitioned from executive role to Executive Director, bringing capital markets experience.

• Recruitment underway for a Chief Technology Officer to complete the core execution team.

• All new directors standing for election at the meeting with unanimous Board support.