• Trading results for first 3 months of 2025 below expectations
• Conducting strategic review, implementing plans for improved profitability
• Appointed Chief Transformation Officer to assist with strategic review
• Board changes with Executive Chairman stepping down, new Non-Executive Director appointed

Pro-Pac Packaging Limited (ASX: PPG) has provided an update on its strategic review, which was previously announced in its half-year 2025 results. The company's trading results for the first 3 months of this calendar year continue to perform below expectations. As part of the strategic review, Pro-Pac is implementing plans for improved profitability, reviewing allocation of capital, and continuing to assess its short-term and medium-term funding arrangements, with a priority on resolving its short-term funding requirements. The company has engaged Leaders on Demand to assist with the preparation and execution of the strategic review. As part of this arrangement, Pro-Pac has appointed Mr. David Hewish of Leaders on Demand as Chief Transformation Officer. David will support the management team for an initial period of 6 months to assist with the implementation of the strategic review. Additionally, following a successful transitional period assisting Ian Shannon into the role of Chief Executive Officer, Executive Chairman, John Cerini, has stepped down from his part-time executive role and will continue as Non-Executive Chairman of the board. The company has also appointed Mr. Gavin Black to the board as a non-executive director, nominated for appointment by majority shareholder, Bennamon Pty Limited (a wholly owned subsidiary of Kin Group). Gavin has extensive experience in the packaging industry and will provide strategic support to Pro-Pac.