Data#3 Limited – Investor Update and Market Context

Data#3 Limited, an Australian information‑technology solutions provider listed on the ASX All Markets, held a hybrid Annual General Meeting (AGM) on 29 October 2025. The meeting was announced on 22 September and attracted a mix of shareholders and guests, both in person and via tele‑conference. The board presented a clear agenda, outlining five resolutions and emphasizing corporate governance through selective abstentions on resolutions 1 and 2.

Board Renewal and Succession Planning

During the AGM, the Chair addressed significant changes to the board structure. Leanne Muller, a long‑standing non‑executive director who had served since February 2016 and chaired the Audit and Risk Committee, retired at the 2024 AGM. Her departure marked the conclusion of a tenure that contributed substantially to financial oversight. The board highlighted a deliberate succession plan aimed at blending seasoned leadership with fresh perspectives, reinforcing its commitment to continuity and innovation.

The Board endorsed resolutions 3, 4, and 5, while abstaining on resolutions 1 and 2 to safeguard good corporate governance practices. Although the specific content of each resolution is not detailed in the available excerpts, the board’s selective voting signals a focus on strategic matters and an openness to shareholder input on key governance issues.

Shareholder‑Analyst Call

On 29 October 2025, a shareholder/analyst call was announced on it.marketscreener.com. This call is intended to provide stakeholders with an opportunity to engage directly with the management team, discuss recent performance, and clarify future strategy. While the call’s agenda remains undisclosed, its timing immediately after the AGM suggests a coordinated effort to maintain transparency and reinforce investor confidence.

Market Environment

The broader market context during this period was notably bullish. ASX 200 futures moved modestly higher (+0.12 %) in the early morning trade, reflecting optimism spurred by the U.S. equity markets reaching new all‑time highs. The S&P 500, Dow, and Nasdaq recorded fresh peaks, although the equal‑weight S&P 500 underperformed the benchmark, indicating a weaker breadth across the U.S. index. Technology stocks, particularly Nvidia and Broadcom, outpaced the market, buoyed by Nvidia’s GTC conference updates and a surge in M&A activity that surpassed US$80 billion in announced deals.

Against this backdrop, Data#3’s stock, trading at AUD 9.05 on 26 October, sits near the lower end of its 52‑week range (AUD 9.74 high, AUD 6.12 low). With a market capitalization of approximately AUD 1.41 billion and a price‑to‑earnings ratio of 29.11, the company appears to be trading at a moderate valuation relative to its earnings, suggesting that market sentiment could still influence its share price.

Strategic Implications

Data#3’s dual focus on equipment integration and software design, coupled with comprehensive support services—including procurement, recruitment, and application services—positions it to capitalize on the growing demand for end‑to‑end IT solutions in both business and government sectors. The recent board renewal and forthcoming analyst call indicate a proactive approach to governance and stakeholder engagement, which may help to sustain investor interest amid volatile market conditions.

In summary, Data#3 Limited’s recent corporate actions and the prevailing positive market environment create an opportune setting for the company to reinforce its strategic direction, enhance shareholder value, and continue delivering integrated IT solutions across Australia.