Annual General Meeting - Chair's Address Script

• Verbrec is a leading professional services company in Australia, New Zealand and the Pacific
• Delivered solid financial performance in FY2025, resuming dividend payments
• Divested Competency Training, acquired complementary business Alliance Automation

Verbrec Ltd (ASX: VBC) held its 2025 Annual General Meeting, with Chairperson Phillip Campbell delivering the address. Verbrec is a unique professional services company operating across Australia, New Zealand and the Pacific, providing essential services in Energy, Mining, Water Infrastructure and Defence. The company continued its strong safety record in 2025, with zero lost time injuries for the ninth consecutive year. Financially, FY2025 was a year of solid performance, with Verbrec producing its highest gross margins since 2015 and highest EBITDA margin (adjusted) since 2013. This enabled the resumption of dividend payments for the first time since 2013. The company also had a robust balance sheet, with $7.1 million in cash and recognized deferred tax assets of $17.3 million. Two significant developments occurred after the end of the financial year - the divestment of Competency Training for $11.5 million, and the well-priced acquisition of complementary business Alliance Automation. The company entered FY2026 with a solid foundation, clear strategy and commitment to delivering long-term value for stakeholders.

Verbrec has entered FY2026 with a solid foundation, a clear strategy, and a shared commitment to delivering long-term value for stakeholders.