Increases to ikeGPS Group Limited's (NZSE:IKE) CEO Compensation Might Cool off for now
Key Insights
- ikeGPS Group will host its Annual General Meeting on 30th of September
- Salary of NZ$1.04m is part of CEO Glenn Milnes's total remuneration
- Total compensation is 122% above industry average
- Over the past three years, ikeGPS Group's EPS fell by 42% and over the past three years, the total shareholder return was 24%
Under the guidance of CEO Glenn Milnes, ikeGPS Group Limited (NZSE:IKE) has performed reasonably well recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 30th of September. However, some shareholders may still be hesitant of being overly generous with CEO compensation.
View our latest analysis for ikeGPS Group
Comparing ikeGPS Group Limited's CEO Compensation With The Industry
Our data indicates that ikeGPS Group Limited has a market capitalization of NZ$178m, and total annual CEO compensation was reported as NZ$1.2m for the year to March 2025. We note that's a small decrease of 6.5% on last year. Notably, the salary which is NZ$1.04m, represents most of the total compensation being paid.
In comparison with other companies in the New Zealand Electronic industry with market capitalizations under NZ$341m, the reported median total CEO compensation was NZ$553k. Hence, we can conclude that Glenn Milnes is remunerated higher than the industry median. What's more, Glenn Milnes holds NZ$947k worth of shares in the company in their own name.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | NZ$1.0m | NZ$1.1m | 85% |
| Other | NZ$186k | NZ$218k | 15% |
| Total Compensation | NZ$1.2m | NZ$1.3m | 100% |
On an industry level, around 80% of total compensation represents salary and 20% is other remuneration. Although there is a difference in how total compensation is set, ikeGPS Group more or less reflects the market in terms of setting the salary. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
ikeGPS Group Limited's Growth
Over the last three years, ikeGPS Group Limited has shrunk its earnings per share by 42% per year. It achieved revenue growth of 19% over the last year.
Investors would be a bit wary of companies that have lower EPS On the other hand, the strong revenue growth suggests the business is growing. These two metrics are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.
Has ikeGPS Group Limited Been A Good Investment?
ikeGPS Group Limited has generated a total shareholder return of 24% over three years, so most shareholders would be reasonably content. But they probably don't want to see the CEO paid more than is normal for companies around the same size.
To Conclude...
Although the company has performed relatively well, we still think there are some areas that could be improved. EPS growth is still weak, and until that picks up, shareholders may find it hard to approve a pay rise for the CEO, since they are already paid above the average in their industry.
CEO compensation can have a massive impact on performance, but it's just one element. We did our research and spotted 2 warning signs for ikeGPS Group that investors should look into moving forward.
Switching gears from ikeGPS Group, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.