Felix Group Holdings (ASX:FLX) addressed shareholders at its 2026 Annual General Meeting on 9 November 2026, with Chairman Dominic O'Hanlon and CEO Chris Atkin disclosing Group contracted annual recurring revenue of $13.5 million at the end of September, representing 11% growth on the prior year including Nexvia.

Key Points

  • Group contracted ARR of $13.5 million at end of September, 11% growth on the prior year including Nexvia
  • Leadership changes in FY26 included a new Chairman, CEO, CFO and CRO following departures of previous executives
  • Board member Joycelyn Morton will retire from the Felix Board after five and a half years, including leadership of the Audit and Risk Committee
  • The company completed its first full year with Nexvia as part of the Group following its acquisition

Chairman Address: Leadership Transition and ARR Growth

Chairman Dominic O'Hanlon told shareholders that FY26 saw change at every level of the organisation, with new appointments to the roles of Chairman, CEO, CFO and Chief Risk Officer following the departure of previous executives. O'Hanlon noted the company completed its first year with Nexvia as part of the Group during the period. He acknowledged the commitment of Felix's employees throughout the transition and said the recent capital raising provided the company with capacity to pursue its stated opportunity. He also confirmed that board member Joycelyn Morton will retire, recognising her five and a half years of service and leadership of the Audit and Risk Committee.

CEO Outlines Four Strategic Focus Areas

CEO Chris Atkin told shareholders that Felix's enterprise relationships, vendor network and group capabilities currently operate in a disconnected manner and do not deliver their full value. Atkin outlined four areas of focus: growing and deepening enterprise business in Australia and New Zealand; activating the existing vendor network to improve connections between enterprises and suppliers; delivering a product strategy involving a new vendor product and use of technology and artificial intelligence to reduce manual work; and improving operating performance through investment choices and operating leverage. Atkin described Australia and New Zealand as the key geographic focus across the company's strategy.

Platform and Culture Priorities Disclosed at AGM

Atkin said the company's strategic priorities depend on building a high-performance culture, stating that Felix has undergone substantial internal change in the past six months with that aim. He described the intended culture as one where accountability for outcomes, clarity of priorities and individual responsibility are central. The CEO described the goal as a more connected and useful experience for customers and vendors, built on a platform that can scale. Felix Group Holdings provides cloud-based software-as-a-service solutions across its Contractor, Vendor and Nexvia operating segments, with Nexvia acquired on 8 October 2025.