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 film supply disruptions, while Thredbo faced adverse weather. The group announced plans to divest 525 George Street to fund hotel growth and potentially return capital to shareholders.
Fiscal Year 2024
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The meeting reviewed FY24 results, highlighting record hotel performance, cost challenges, and a pivot to hotel expansion. Shareholders raised concerns about remuneration and share price, with the board addressing governance, strategy, and future growth plans.
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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.