View Future GrowthClose the Loop 과거 순이익 실적과거 기준 점검 0/6Close the Loop 의 수입은 연평균 -53%의 비율로 감소해 온 반면, Commercial Services 산업은 연평균 5.9%의 비율로 증가했습니다. 매출은 연평균 16.3%의 비율로 증가해 왔습니다.핵심 정보-52.96%순이익 성장률-56.12%주당순이익(EPS) 성장률Commercial Services 산업 성장률9.67%매출 성장률16.28%자기자본이익률-48.49%순이익률-22.15%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Aug 28Full year 2024 earnings released: EPS: AU$0.021 (vs AU$0.032 in FY 2023)Full year 2024 results: EPS: AU$0.021 (down from AU$0.032 in FY 2023). Revenue: AU$213.0m (up 57% from FY 2023). Net income: AU$11.0m (down 9.6% from FY 2023). Profit margin: 5.1% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany.공시 • Aug 21Close the Loop Ltd to Report Fiscal Year 2024 Results on Aug 26, 2024Close the Loop Ltd announced that they will report fiscal year 2024 results on Aug 26, 2024모든 업데이트 보기Recent updates공시 • 2hIvy Technology Holdings, LLC acquired ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG).Ivy Technology Holdings, LLC acquired ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG) on May 20, 2026. A cash consideration of $9 million will be paid by Ivy Technology Holdings, LLC. Ivy Technology Holdings, LLC will pay an earnout/contingent payment of $1 million non-convertible debt in four equal quarterly instalments. As part of consideration, $10 million is paid towards common equity of ISP Tek Services LLC. The proceeds from the transaction, combined with some of its existing cash reserves, will be used to retire approximately $16 million of outstanding debt. Ivy Technology Holdings, LLC completed the acquisition of ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG) on May 20, 2026Board Change • 11hLess than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Chairman of the Board Grant Carman is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.공시 • Oct 17Close the Loop Ltd, Annual General Meeting, Nov 20, 2025Close the Loop Ltd, Annual General Meeting, Nov 20, 2025. Location: nexia australia, level 35, 600 bourke street, melbourne, victoria Australia공시 • Sep 01Joe Foster Will Step Down as Global Chief Operations Officer and Transition to a Non-Executive Director Position on 1 September 2025 Whilst Entering into a Consulting Role with Close the Loop Ltd. on 1 September 2025Close the Loop Limited announced that Joe Foster will step down as Global Chief Operations Officer and transition to a Non-Executive Director position on 1 September 2025 whilst entering into a consulting role with the Company on 1 September 2025.New Risk • Aug 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risk Market cap is less than US$100m (€9.50m market cap, or US$11.0m).Board Change • Aug 18Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Chairman of the Board Grant Carman is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.공시 • Jun 25+ 1 more updateClose the Loop Limited Appoints Matthew Zimmer as CEO for Its North American Refurbishment and ITAD Operations, Effective July 7, 2025Close the Loop Limited has formally appointed Matthew Zimmer as its new Chief Executive Officer for its North American refurbishment and ITAD operations. He is a results-oriented and decisive, hands-on leader with a proven track record of driving both operational excellence and strategic growth. Matthew has consistently delivered strong results by increasing sales, improving profitability, and positioning organizations for long-term success. He holds a Bachelor of Science and Business Administration degree from Franklin University and an MBA from Stanford University. Matthew Zimmer commences his employment with the Company on 7 July 2025.공시 • Jan 30Adamantem Capital Management Pty Ltd cancelled the acquisition of Close the Loop Ltd (ASX:CLG).Adamantem Capital Management Pty Ltd entered into a process deed to acquire Close the Loop Ltd (ASX:CLG) on November 19, 2024. Under the terms of the transaction, Adamantem will acquire 100% of the shares of Close the Loop, by way of a scheme of arrangement, for AUD 0.27 per share. The transaction is subject to consummation of due diligence investigation. The indicative proposal offers shareholders the opportunity to receive consideration for their shares either in cash, or scrip in the Adamantem acquisition entity, or a combination of both. The scrip election will be subject to an aggregate minimum take-up level amongst all shareholders, with the total level of scrip consideration to be scaled back if elections exceed a maximum scrip roll of 45% of all shares outstanding. Moelis Australia Securities Pty Ltd. acted as financial advisor for Close the Loop Ltd. Thomson Geer acted as legal advisor for Close the Loop Ltd. As of December 19, 2024, Close the Loop Ltd has decided to extend the Exclusivity Period to January 20, 2025, to allow for finalization of due diligence. Adamantem Capital Management Pty Ltd cancelled the acquisition of Close the Loop Ltd (ASX:CLG) on January 29, 2025.공시 • Oct 18Close the Loop Ltd, Annual General Meeting, Nov 21, 2024Close the Loop Ltd, Annual General Meeting, Nov 21, 2024. Location: nexia australia, level 35, 600 bourke street, melbourne AustraliaNew Risk • Oct 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€66.3m market cap, or US$73.4m).New Risk • Aug 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€71.1m market cap, or US$79.5m).Reported Earnings • Aug 28Full year 2024 earnings released: EPS: AU$0.021 (vs AU$0.032 in FY 2023)Full year 2024 results: EPS: AU$0.021 (down from AU$0.032 in FY 2023). Revenue: AU$213.0m (up 57% from FY 2023). Net income: AU$11.0m (down 9.6% from FY 2023). Profit margin: 5.1% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany.Buy Or Sell Opportunity • Aug 26Now 28% undervalued after recent price dropOver the last 90 days, the stock has fallen 31% to €0.14. The fair value is estimated to be €0.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.공시 • Aug 21Close the Loop Ltd to Report Fiscal Year 2024 Results on Aug 26, 2024Close the Loop Ltd announced that they will report fiscal year 2024 results on Aug 26, 2024New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €89.4m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€89.4m market cap, or US$97.9m).Board Change • Apr 05Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Greg Toll is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Grant Carman was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.매출 및 비용 세부 내역Close the Loop가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:GI5 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비31 Dec 25197-4450030 Sep 25196-3048030 Jun 25195-1746031 Dec 24197641030 Sep 24203940030 Jun 242091139031 Mar 241971236031 Dec 231801332030 Sep 231581329030 Jun 231361225031 Mar 231221022031 Dec 22108818030 Sep 2289614030 Jun 2270511031 Mar 225249031 Dec 213437030 Sep 213045030 Jun 212744030 Jun 2033-411130 Jun 1935-1012130 Jun 1834112130 Jun 1733210130 Jun 162918130 Jun 1527351양질의 수익: GI5 은(는) 현재 수익성이 없습니다.이익 마진 증가: GI5는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: GI5은 수익성이 없으며 지난 5년 동안 손실이 연평균 53% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 GI5의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: GI5은 수익성이 없어 지난 해 수익 성장률을 Commercial Services 업계(17.8%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: GI5는 현재 수익성이 없으므로 자본 수익률이 음수(-48.49%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCommercial-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 11:05종가2026/05/20 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Close the Loop Ltd는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관James BisinellaShaw and Partners LimitedLarry GandlerShaw and Partners Limited
Reported Earnings • Aug 28Full year 2024 earnings released: EPS: AU$0.021 (vs AU$0.032 in FY 2023)Full year 2024 results: EPS: AU$0.021 (down from AU$0.032 in FY 2023). Revenue: AU$213.0m (up 57% from FY 2023). Net income: AU$11.0m (down 9.6% from FY 2023). Profit margin: 5.1% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany.
공시 • Aug 21Close the Loop Ltd to Report Fiscal Year 2024 Results on Aug 26, 2024Close the Loop Ltd announced that they will report fiscal year 2024 results on Aug 26, 2024
공시 • 2hIvy Technology Holdings, LLC acquired ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG).Ivy Technology Holdings, LLC acquired ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG) on May 20, 2026. A cash consideration of $9 million will be paid by Ivy Technology Holdings, LLC. Ivy Technology Holdings, LLC will pay an earnout/contingent payment of $1 million non-convertible debt in four equal quarterly instalments. As part of consideration, $10 million is paid towards common equity of ISP Tek Services LLC. The proceeds from the transaction, combined with some of its existing cash reserves, will be used to retire approximately $16 million of outstanding debt. Ivy Technology Holdings, LLC completed the acquisition of ISP Tek Services LLC from Close the Loop Ltd (ASX:CLG) on May 20, 2026
Board Change • 11hLess than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Chairman of the Board Grant Carman is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
공시 • Oct 17Close the Loop Ltd, Annual General Meeting, Nov 20, 2025Close the Loop Ltd, Annual General Meeting, Nov 20, 2025. Location: nexia australia, level 35, 600 bourke street, melbourne, victoria Australia
공시 • Sep 01Joe Foster Will Step Down as Global Chief Operations Officer and Transition to a Non-Executive Director Position on 1 September 2025 Whilst Entering into a Consulting Role with Close the Loop Ltd. on 1 September 2025Close the Loop Limited announced that Joe Foster will step down as Global Chief Operations Officer and transition to a Non-Executive Director position on 1 September 2025 whilst entering into a consulting role with the Company on 1 September 2025.
New Risk • Aug 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risk Market cap is less than US$100m (€9.50m market cap, or US$11.0m).
Board Change • Aug 18Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Chairman of the Board Grant Carman is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
공시 • Jun 25+ 1 more updateClose the Loop Limited Appoints Matthew Zimmer as CEO for Its North American Refurbishment and ITAD Operations, Effective July 7, 2025Close the Loop Limited has formally appointed Matthew Zimmer as its new Chief Executive Officer for its North American refurbishment and ITAD operations. He is a results-oriented and decisive, hands-on leader with a proven track record of driving both operational excellence and strategic growth. Matthew has consistently delivered strong results by increasing sales, improving profitability, and positioning organizations for long-term success. He holds a Bachelor of Science and Business Administration degree from Franklin University and an MBA from Stanford University. Matthew Zimmer commences his employment with the Company on 7 July 2025.
공시 • Jan 30Adamantem Capital Management Pty Ltd cancelled the acquisition of Close the Loop Ltd (ASX:CLG).Adamantem Capital Management Pty Ltd entered into a process deed to acquire Close the Loop Ltd (ASX:CLG) on November 19, 2024. Under the terms of the transaction, Adamantem will acquire 100% of the shares of Close the Loop, by way of a scheme of arrangement, for AUD 0.27 per share. The transaction is subject to consummation of due diligence investigation. The indicative proposal offers shareholders the opportunity to receive consideration for their shares either in cash, or scrip in the Adamantem acquisition entity, or a combination of both. The scrip election will be subject to an aggregate minimum take-up level amongst all shareholders, with the total level of scrip consideration to be scaled back if elections exceed a maximum scrip roll of 45% of all shares outstanding. Moelis Australia Securities Pty Ltd. acted as financial advisor for Close the Loop Ltd. Thomson Geer acted as legal advisor for Close the Loop Ltd. As of December 19, 2024, Close the Loop Ltd has decided to extend the Exclusivity Period to January 20, 2025, to allow for finalization of due diligence. Adamantem Capital Management Pty Ltd cancelled the acquisition of Close the Loop Ltd (ASX:CLG) on January 29, 2025.
공시 • Oct 18Close the Loop Ltd, Annual General Meeting, Nov 21, 2024Close the Loop Ltd, Annual General Meeting, Nov 21, 2024. Location: nexia australia, level 35, 600 bourke street, melbourne Australia
New Risk • Oct 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€66.3m market cap, or US$73.4m).
New Risk • Aug 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€71.1m market cap, or US$79.5m).
Reported Earnings • Aug 28Full year 2024 earnings released: EPS: AU$0.021 (vs AU$0.032 in FY 2023)Full year 2024 results: EPS: AU$0.021 (down from AU$0.032 in FY 2023). Revenue: AU$213.0m (up 57% from FY 2023). Net income: AU$11.0m (down 9.6% from FY 2023). Profit margin: 5.1% (down from 8.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Germany.
Buy Or Sell Opportunity • Aug 26Now 28% undervalued after recent price dropOver the last 90 days, the stock has fallen 31% to €0.14. The fair value is estimated to be €0.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
공시 • Aug 21Close the Loop Ltd to Report Fiscal Year 2024 Results on Aug 26, 2024Close the Loop Ltd announced that they will report fiscal year 2024 results on Aug 26, 2024
New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €89.4m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€89.4m market cap, or US$97.9m).
Board Change • Apr 05Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Greg Toll is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Grant Carman was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.