Chair Update - 27 June 2025

Murray Irrigation held a Board meeting yesterday, Thursday 26 June 2025.
 
There were a number of items discussed at yesterday’s Board meeting, which are summarised below. Further detail on the below topics will be provided during the Shareholder meetings being hosted across the footprint between 1 July 2025 and 23 July 2025.
 
The times and locations of the scheduled meetings can be found on the Murray Irrigation website here: https://www.murrayirrigation.com.au/shareholder-meetings-2025. 

I encourage shareholders to RSVP via the above website and attend these meetings for an opportunity to receive a detailed update on the projected 2024/25 financial results, Water Solutions, the strategic planning process and the initiatives we are undertaking to achieve these outcomes.
 
2024/25 financials and water delivery
 
Management provided Directors an update on the projected 2024/25 financials and end of year water delivery numbers. I would like to congratulate staff for a big year of water deliveries, one of the biggest we have seen in a long time. I would also like to thank shareholders and customers for your support throughout the year.
 
Code of Conduct and Member Director Nominations
 
The Board approved an updated Company Code of Conduct, which will be made available on the company website in the coming days. As part of the Member Director Nomination period, which is opening on 1 July 2025 and closing on 29 July 2025, eligible candidates will be required to sign the Code of Conduct prior to participating in the election process. There is a Director Nomination information session being hosted on Monday 30 June between 10am and 12pm. Further information on the Director Nomination process, what the information session will involve and how to RSVP is available on the Murray Irrigation website here: https://www.murrayirrigation.com.au/directornominations.

'Water Solutions' - A new water business
 
Earlier this week, Murray Irrigation management hosted a Water Solutions workshop with Directors to detail and refine the governance procedures associated with the company’s new water business, Water Solutions. At yesterday’s Board meeting, a detailed paper was presented to Directors for approval, including the implementation of a Risk Management Policy and establishment of a Water Risk Committee. On behalf of the Board, I would like to commend management on the amount of work undertaken to bring the Water Solutions product to life and their strong focus on risk and governance to ensure the smooth roll out and management of the product. 

After the Board meeting, an informal barbecue was hosted at the Wakool Depot. I thank shareholders for taking the time to attend to discuss business activities with Directors in an informal setting and for the positive feedback received on this initiative. I would also like to thank the staff from the Wakool Depot for putting on a great lunch for all attendees.
 
Finally, on behalf of the Board, I would like to thank Company Secretary Nathan Holahan for his contribution to Murray Irrigation and his unwavering commitment to the Board over the years. Today is Nathan’s last day with the company, and while we are all sad to see him leave, we wish him all the best for his future endeavours.
 
I look forward seeing shareholders and discussing these above initiatives at the shareholder meetings being hosted throughout the footprint in July.

If shareholders have any questions, please contact the Company Secretary on:

T. 1300 138 265
E. companysecretary@murrayirrigation.com.au
 
Phil Snowden
Murray Irrigation Chair
M: 0427 839 217

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