• Returned to profitability with $21.3M revenue and improved EBITDA and NPATA
• Diversified revenue base with over 64% from non-Federal Government clients
• Recognized for digital transformation capabilities, Microsoft ecosystem, and Generative AI expertise
• Focused on disciplined growth, recurring revenue, risk management, and capability investment

In the Chair's address at SOCO Corporation's 2025 Annual General Meeting, the company's significant progress over the past year was highlighted. SOCO returned to profitability, with revenue reaching $21.3 million and underlying EBITDA and NPATA both improving. The company has made progress in diversifying its revenue base, with over 64% of revenue now coming from non-Federal Government clients. This reduces concentration risk and broadens SOCO's market exposure. The company is increasingly recognized not just for its legacy in government consulting, but for its ability to deliver complex digital transformation programmes across a range of industries. SOCO's investment in the Microsoft ecosystem and early adoption of Generative AI has positioned it as a trusted partner for organizations seeking to modernize, automate, and secure their operations. The Board is encouraged by the progress made in expanding panel memberships, deepening client relationships, and building a healthy pipeline of opportunities. As SOCO looks ahead to FY26, the focus remains on improving financial performance, while also being mindful of the macroeconomic environment. The company's priorities are disciplined growth, recurring revenue streams, prudent risk management, and investment in areas of competitive advantage. The dedication and talent of SOCO's people are acknowledged as a key driver of performance and innovation.

SOCO aims to improve its financial performance further in FY26, and remains confident in its strategic direction. However, the company is mindful of the macroeconomic environment, including shifting policy settings, variability in public sector demand, and the ever-changing global backdrop. In this environment, SOCO's focus remains on execution: delivering high-quality outcomes, maintaining pricing discipline, and investing in long-term capability.