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Amotiv Limited (ASX:AOV)

ALERT: Price-sensitive ASX Announcement for AOV
Current share price for AOV : $6.670 -2.24 (-25.14%)+
Announcement
Release
24 Oct 2025 9:53AM
Price at Release
$8.910
Full Release
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Summary
The 2025 Annual General Meeting of Amotiv Limited, held on October 24, 2025, focused on several key developments and strategies for the company. Amotiv reported a slight revenue increase of 1% to just under $1 billion for FY25, with underlying EBITA of $192 million, a decrease of 1% from the previous year. The company's cash conversion remained strong at 90.6%, and leverage was kept at a conservative level. The meeting highlighted the successful completion of a share buyback program and a maintained strong balance sheet. Amotiv's management discussed the challenges and external headwinds faced during the year, as well as operational achievements across various divisions, including the opening of a new distribution center and continued growth in international markets. The Amotiv2030 strategy was introduced, aiming to further solidify the company's market position and improve shareholder returns. The transition of the Chair from Graeme Billings to James Fazzino was also noted, along with acknowledgments of the contributions from the outgoing Chair.
Key Points
  • Amotiv reported 1% revenue growth to nearly $1 billion.
  • Underlying EBITA decreased by 1% to $192 million.
  • Cash conversion remained strong at 90.6%.
  • Completed 5% share buyback program.
  • Introduced Amotiv2030 strategy for future growth.
  • Operational achievements included international market expansion and new facilities.
  • Leadership transition from Graeme Billings to James Fazzino as Chair.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.