Australia · Delayed Price · Currency is AUD Corporate Travel Management Earnings Call Transcripts
Fiscal Year 2025
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Comprehensive remediation and governance overhaul followed significant U.K. business issues, with 97% client retention and strong underlying business performance. FY 2025 EBITDA was AUD 83.6 million, forecast to rise to AUD 113.6 million in FY 2026, supported by new funding and robust cash position.
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1H 2025 saw strong EBITDA and margin growth in Australia, NZ, and North America, offsetting Europe's transition off one-off projects. Record client wins, robust cash conversion, and disciplined capital management underpin confidence in achieving 10% revenue growth and 30% EBITDA margin in FY 2026.
Fiscal Year 2024
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Revenue and EBITDA grew strongly in FY24, with robust performance in North America and ANZ, and a focus on technology-driven growth. The board outlined succession planning, executive remuneration changes, and a five-year EPS doubling target. Shareholders approved all resolutions, including director re-elections and auditor change.
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Revenue and EBITDA grew, but FY 2024 missed guidance due to one-off project declines and macro headwinds. Rest of World regions showed strong 2H momentum, while Europe faces a reset year as non-recurring work ends. FY 2025 targets robust growth, margin expansion, and continued tech investment.