Australia · Delayed Price · Currency is AUD EVT Limited Earnings Call Transcripts
Fiscal Year 2026
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Group revenue and EBITDA rose year-over-year, led by record hotel results and strong Thredbo performance. Entertainment Germany excelled, while Australia and New Zealand faced film lineup challenges. Outlook remains positive, with incremental hotel EBITDA growth expected.
Fiscal Year 2025
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The meeting reviewed strong financial results, increased dividends, and strategic growth in hotels and entertainment, while addressing shareholder concerns about long-term value and structural challenges. Management emphasized ongoing transformation, sustainability, and readiness for structural change.
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Normalised revenue and EBITDA grew year-over-year, led by record hotel results and strong property performance. Cinema admissions declined due to film supply, but Q4 saw a rebound. FY26 guidance anticipates further EBITDA growth, with Pro-invest Hotels acquisition to add future upside.
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First half revenue declined 1.5% year-over-year to AUD 649.1 million, but normalized EBITDA rose 3.7% driven by record Hotels Division results. Entertainment was impacted by fewer blockbusters, while property divestments and upgrades support future growth. Net debt remains below pre-COVID levels.
Fiscal Year 2024
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The AGM reviewed a year of modest profit, record hotel results, and ongoing cost and market challenges. Shareholders raised concerns about executive remuneration and asset value realization, with the board committing to ongoing strategic pivots, board renewal, and unlocking value from key developments. Major resolutions passed, but a first strike was recorded on the Remuneration Report.
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Group revenue rose 4% to AUD 1.221 billion, led by record hotel results, while entertainment faced a weaker second half due to Hollywood strikes. Thredbo’s new model offset weather impacts, and net debt remains below pre-COVID. CapEx for FY25 is set at AUD 120–130 million.