Karl Gradon
Chief Executive Officer
Good morning, and thank you all for joining us today. I’m Karl Gradon, Chief Executive Officer of Comvita. I would like to warmly welcome you to this online meeting, where we will provide an update on Comvita’s full year results for the year ended 30th of June 2026.
Today’s presentation will be led by myself and our Chief Financial Officer, Mandy Tomkins-Dancey. We represent a new team. And before all else, I want to thank the entire global Comvita team for their efforts during this milestone year. I would also like to acknowledge our directors in attendance, Bridget Coates, Comvita’s Board Chair; Mike Sang, Chair of the Audit and Risk Committee; Bob Major, Chair of the Safety and Performance Committee; Greg Barclay, Michael Chai, Julia Xu and Peter Nathan making up the rest of the directors.
I will start the session today with a high-level performance review for 2026 and talk through our strategic and commercial performance. I will then hand over to Mandy to provide more detail on our financial performance. I will, at the end of the presentation, provide our 2027 outlook before we move to a question-and-answer session.
The simple message for 2026 is that Comvita delivered the priorities we set at the start of the year, returning to profitability with NPAT of $7.7 million and finishing the year in a materially stronger position than we started. We returned to profitability, materially reduced debt, normalized inventory and restored positive cash generation.
This helped enable us to complete the recapitalization and financing process, which gives the business a much stronger financial platform to move forward from.