Board Change • May 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Non-Independent Director Michael Schaper was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
First half 2026 earnings released: AU$0.002 loss per share (vs AU$0.005 loss in 1H 2025) First half 2026 results: AU$0.002 loss per share (improved from AU$0.005 loss in 1H 2025). Revenue: AU$57.1m (up 18% from 1H 2025). Net loss: AU$828.0k (loss narrowed 64% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Jan 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (AU$11.9m market cap, or US$7.96m). Announcement • Oct 21
The Agency Group Australia Limited, Annual General Meeting, Nov 21, 2025 The Agency Group Australia Limited, Annual General Meeting, Nov 21, 2025. Location: at 68 milligan street, western australia 6000, perth Australia New Risk • Sep 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (AU$10.1m market cap, or US$6.60m). New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (AU$10.1m market cap, or US$6.62m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.012 loss per share (vs AU$0.011 loss in FY 2024) Full year 2025 results: AU$0.012 loss per share (further deteriorated from AU$0.011 loss in FY 2024). Revenue: AU$98.5m (up 12% from FY 2024). Net loss: AU$5.44m (loss widened 11% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Aug 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non Independent & Non Executive Director Adam Davey was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jul 25
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to AU$0.022. The fair value is estimated to be AU$0.017, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 63%. Buy Or Sell Opportunity • Jun 23
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 5.0% to AU$0.021. The fair value is estimated to be AU$0.017, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 63%. Buy Or Sell Opportunity • May 21
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to AU$0.022. The fair value is estimated to be AU$0.017, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 63%. Buy Or Sell Opportunity • Apr 02
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to AU$0.021. The fair value is estimated to be AU$0.017, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 63%. Board Change • Jan 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non Independent & Non Executive Director Adam Davey was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (AU$11.0m market cap, or US$7.17m). Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Announcement • Nov 28
The Agency Group Australia Limited Appoints Michael Schaper as Non-Executive Director, Effective December 1, 2024 The Agency Group Australia announced the appointment of Dr. Michael Schaper as Non-Executive Director, effective 1st December. Dr. Schaper brings a wealth of regulatory and governance experience, with over 10 years as the Deputy Chair of the Australian Competition and Consumer Commission (ACCC) between 2008-2018, which included responsibility for overseeing franchising regulation. After his time at the ACCC, Dr. Schaper chaired AFIA's the Buy Now, Pay Later (BNPL) code of conduct compliance committee. His extensive experience in these areas is particularly valuable for The Agency, as most participants in the real estate sector are franchise-based, and
The Agency has strong connections to financial products, such as mortgages and Vendor Paid Advertising (VPA). Currently a national board member of the Australian Institute of Company Directors (AICD), Dr. Schaper also serves as the Chair of its National Education Advisory Committee, which oversees the highly regarded Company Directors Course. His leadership in corporate governance education further reinforces his suitability for this role. Dr. Schaper's expertise in regulatory frameworks and financial products will significantly enhance the company's strategy development, M&A activities, and corporate governance, ensuring the company is well- positioned for continued growth and expansion. Dr. Schaper's extensive board and governance experience spans across a wide range of sectors, including startups, government bodies, and not-for-profit organizations (NFPs). He is currently the Chair of Energy Consumers Australia, the Chair of the Energy & Water Ombudsman of Western Australia, and a board member of the Small Business Development Corporation. Dr. Schaper holds extensive academic qualifications, including: Doctor of Philosophy (Ph.D.) in Management from Curtin University of Technology, Western Australia. Master of Commerce (M.Comm.) with distinction, also from Curtin University. Graduate Diploma of Business with distinction from Curtin University. Bachelor of Arts (B.A.) from the University of Western Australia. New Risk • Nov 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (AU$10.7m market cap, or US$6.99m). Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.011 loss per share (vs AU$0.01 loss in FY 2023) Full year 2024 results: AU$0.011 loss per share (further deteriorated from AU$0.01 loss in FY 2023). Revenue: AU$88.0m (up 14% from FY 2023). Net loss: AU$4.89m (loss widened 13% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Oct 13
The Agency Group Australia Limited, Annual General Meeting, Nov 16, 2023 The Agency Group Australia Limited, Annual General Meeting, Nov 16, 2023, at 10:30 W. Australia Standard Time. Location: 68 Milligan Street, Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider re-election of Director - Paul Niardone; and to consider approval of 7.1A Mandate. Reported Earnings • Aug 25
Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.004 profit in FY 2022) Full year 2023 results: AU$0.01 loss per share (down from AU$0.004 profit in FY 2022). Revenue: AU$76.9m (up 5.9% from FY 2022). Net loss: AU$4.32m (down 372% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.003 profit in 1H 2022) First half 2023 results: AU$0.004 loss per share (down from AU$0.003 profit in 1H 2022). Revenue: AU$37.5m (up 5.4% from 1H 2022). Net loss: AU$1.67m (down 234% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non Independent & Non Executive Director Adam Davey was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 12
The Agency Group Australia Limited, Annual General Meeting, Nov 18, 2022 The Agency Group Australia Limited, Annual General Meeting, Nov 18, 2022, at 08:30 W. Australia Standard Time. Location: 68 Milligan Street Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to adopt remuneration report; to elect and re-elect directors; to approve 7.1A Mandate; to adopt performance rights and options plan; to approve replacement of constitution; and to consider other matters. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0.004 (vs AU$0.005 loss in FY 2021) Full year 2022 results: EPS: AU$0.004 (up from AU$0.005 loss in FY 2021). Revenue: AU$72.7m (up 25% from FY 2021). Net income: AU$1.59m (up AU$3.44m from FY 2021). Profit margin: 2.2% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jul 29
The Agency Group Australia Limited to Report Fiscal Year 2022 Results on Aug 26, 2022 The Agency Group Australia Limited announced that they will report fiscal year 2022 results on Aug 26, 2022 Announcement • Jul 25
The Agency Group Australia Limited (ASX:AU1) completed the acquisition f Bushby & Co. Pty. Ltd. from family members Philip and Mark Bushby and Eric Andersen. The Agency Group Australia Limited (ASX:AU1) entered into a share sale and purchase agreement to acquire Bushby & Co. Pty. Ltd. from family members Philip and Mark Bushby and Eric Andersen for AUD 4.8 million on July 12, 2022. The consideration for the transaction consists of: a cash deposit of AUD 0.21 million which was paid on the date of the sale and purchase agreement; a cash payment of AUD 4.2 million at completion and a cash payment of AUD 0.4 million which consists of a retention payment payable by The Agency 90 days after the completion date subject to a retention adjustment. The consideration for the acquisition will be funded via a financing facility with the Company’s primary funder Macquarie Bank and out of existing cash reserves. The Agency Group Australia Limited is in the process of finalizing the financing terms with Macquarie Bank. Bushby & Co. Pty. Ltd. will continue to be spearheaded by family members Philip and Mark Bushby, along with long-term shareholder Eric Andersen who will all remain with the group in leadership roles. Bushby & Co. Pty. Ltd. will continue to operate from its large ‘hub’ office at 117 Cimitiere St, Launceston.The transaction is conditional on the following conditions being fulfilled or waiver on or prior to September 30, 2022: The Agency Group Australia Limited securing finance approval from a financial institution of its choice in order to fund the transaction; The Agency Group Australia Limited entering into employment agreements or independent contractor agreements with each of Phillip Russell Bushby, Sven Eric Andersen and Mark Andrew Bushby and no material adverse event having occurred on or before completion of the transaction. Completion of the transaction will occur 5 business days after all of the conditions precedent are waived or satisfied.The Agency Group Australia Limited (ASX:AU1) completed the acquisition f Bushby & Co. Pty. Ltd. from family members Philip and Mark Bushby and Eric Andersen on July 25, 2022. Announcement • Jul 13
The Agency Group Australia Limited (ASX:AU1) entered into a share sale and purchase agreement to acquire Bushby & Co. Pty. Ltd. from family members Philip and Mark Bushby and Eric Andersen for AUD 4.8 million. The Agency Group Australia Limited (ASX:AU1) entered into a share sale and purchase agreement to acquire Bushby & Co. Pty. Ltd. from family members Philip and Mark Bushby and Eric Andersen for AUD 4.8 million on July 12, 2022. The consideration for the transaction consists of: a cash deposit of AUD 0.21 million which was paid on the date of the sale and purchase agreement; a cash payment of AUD 4.2 million at completion and a cash payment of AUD 0.4 million which consists of a retention payment payable by The Agency 90 days after the completion date subject to a retention adjustment. The consideration for the acquisition will be funded via a financing facility with the Company’s primary funder Macquarie Bank and out of existing cash reserves. The Agency Group Australia Limited is in the process of finalizing the financing terms with Macquarie Bank. Bushby & Co. Pty. Ltd. will continue to be spearheaded by family members Philip and Mark Bushby, along with long-term shareholder Eric Andersen who will all remain with the group in leadership roles. Bushby & Co. Pty. Ltd. will continue to operate from its large ‘hub’ office at 117 Cimitiere St, Launceston.The transaction is conditional on the following conditions being fulfilled or waiver on or prior to September 30, 2022: The Agency Group Australia Limited securing finance approval from a financial institution of its choice in order to fund the transaction; The Agency Group Australia Limited entering into employment agreements or independent contractor agreements with each of Phillip Russell Bushby, Sven Eric Andersen and Mark Andrew Bushby and no material adverse event having occurred on or before completion of the transaction. Completion of the transaction will occur 5 business days after all of the conditions precedent are waived or satisfied. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non Independent & Non Executive Director Adam Davey was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 29
The Agency Group Australia Announces Board Changes The Agency Group Australia announced that Matt Lahood has on January 28, 2022 resigned as a Director of the Company, with Geoff Lucas filling the board vacancy in his role of Managing Director and CEO. The transition is part of the restructure previously foreshadowed and Lahood, as part of his appointment to CEO Real Estate, will extend his focus on developing the Company's East Coast markets. Given his increasing executive workload across the business, he had indicated to the board in recent months of his intention to resign from his director position at an appropriate time. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.005 loss per share (vs AU$0.036 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$58.4m (up 40% from FY 2020). Net loss: AU$1.86m (loss narrowed 80% from FY 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Full year 2021 earnings released: AU$0.005 loss per share (vs AU$0.036 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$58.9m (up 38% from FY 2020). Net loss: AU$1.86m (loss narrowed 80% from FY 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 29
Insider recently sold AU$1.1m worth of stock On the 21st of May, Mitchell Atkins sold around 24m shares on-market at roughly AU$0.048 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.4m more than they bought in the last 12 months. Recent Insider Transactions • May 12
Insider recently sold AU$254k worth of stock On the 7th of May, Mitchell Atkins sold around 5m shares on-market at roughly AU$0.052 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$306k more than they bought in the last 12 months. Announcement • Dec 10
Magnolia Equities III Pty Limited made an unsolicited offer to acquire remaining 83.2% stake in The Agency Group Australia Limited (ASX:AU1) for approximately AUD 10 million. Magnolia Equities III Pty Limited made an unsolicited offer to acquire remaining 83.2% stake in The Agency Group Australia Limited (ASX:AU1) for approximately AUD 10 million on December 4, 2020. Under the terms the offer price is AUD 0.04 per share. Pre-acquisition Magnolia Equities III Pty Limited holds 16.71% stake and post-acquisition will hold 100% stake.
The transaction is subject to various conditions including, during or at the end of the Bid’s bid period, Magnolia and its associates have relevant interests of 90% of the ordinary fully paid shares in AU1 subject to the Bid, during the period starting on the date of the announcement to which this is attached and ending at the end of the Offer Period, none of the proposed resolutions in the AGM Materials relating to Peters Proposal is moved and passed by the AU1 shareholders in general meeting, before December 16, 2020, there is no superior alternative proposal, and during the period starting on the announcement date and ending at the end of the offer period - the All Ordinaries Index is 10% or more below its level as at the close of trading immediately preceding the announcement date or the S&P/ASX 200 Index is 10% or more below its level as at the close of trading immediately preceding the announcement date.
As on December 8, 2020, the Board of AU1 would like to reiterate that no formal bid has been received and there is no guarantee a bid will be made. On this basis shareholders are advised to Take No Action in relation to the Proposal or any document received from Magnolia in relation to the Proposal until they receive the Directors’ formal recommendation. The bid period opens in late January 2021 and ends in late February 2021 or early March 2021. Announcement • Nov 24
The Agency Group Australia Limited, Annual General Meeting, Dec 23, 2020 The Agency Group Australia Limited, Annual General Meeting, Dec 23, 2020, at 09:00 W. Australia Standard Time. Location: 68 Milligan Street Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2020 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider the adoption of remuneration report; to consider the re-election of Director Matthew Lahood; to consider the ratification of prior issue of options to peters investments; to consider the ratification of prior issue of options to peters investments; to consider the amendment of existing convertible notes on issue; to consider the approval for issue of convertible notes, options and maximum voting power to Peters Investments Pty Ltd; and to consider the approval of 7.1A mandate. Reported Earnings • Oct 03
Full year earnings released - AU$0.036 loss per share Over the last 12 months the company has reported total losses of AU$9.07m, with losses widening by 16% from the prior year. Total revenue was AU$42.9m over the last 12 months, up 50% from the prior year. Announcement • Sep 09
Managex Funds Management Pty Ltd signed binding sales agreement to acquire West Coast Rent Roll Business from The Agency Group Australia Limited (ASX:AU1) for AUD 3.6 million. Managex Funds Management Pty Ltd signed binding sales agreement to acquire West Coast Rent Roll Business from The Agency Group Australia Limited (ASX:AU1) for AUD 3.6 million on September 9, 2020. The sales agreement does not include The Agency Group’s East Coast property management business which consisted of 3,665 properties under management (PuM) at end of June 2020. As part of the transaction, a reciprocal referral agreement will be entered into by both parties whereby all sales leads that come from Managex be referred in first instance to The Agency while all WA property management leads from The Agency will be referred to Managex. Managex secured debt funding for the acquisition from Judo Bank. The transaction is expected to be completed by end of third quarter of calendar year 2020. Proceeds from the transaction will be applied to primary bank debt. 
