Thank you to those members who attended the 2025 Annual General Meeting. A summary of the Club trading and financial position through 2025 was provided.
The trading profit recorded was $541.3K which compares to $466.6K for the previous financial year, an increase of 16.0%.
As emphasised at previous meetings, the Club’s net earnings (after depreciation and investment income) are materially influenced by the level of expenditure on course improvements, expenditure on new equipment and of course the performance of investment markets and hence the Land Lease Fund (LLF). The net profit recorded for the 2024/25 year was $217.1K which compares to $165.9K for the previous year.
Investment income recorded on the Club’s LLF was a profit of $169.5K after fees (last year, $192.2K) and non-cash depreciation expense of $555.7K (last year, $513.1K) reflecting the continued expenditure on course improvements, the cost of which are depreciated over their deemed useful lives.
The election results for the 2025/26 Board of Directors were also announced, with all existing Directors being returned to office. For the ensuing year, the Board will consist of:
President Michael McMullen
Vice President Troy Bramley
Treasurer Steven Hinde
Captain Mark Frawley
Vice-Captain Peter Evans
Those members elected to the 4 positions of Director are:
Roslyn Franklin
Ashley Heritage
Jim Kaliviotis
Robert Teece
Thank you to those members who voted in the 2025 club elections, and we look forward to another enjoyable golfing year at Burleigh Golf Club.