Australia · Delayed Price · Currency is AUD Kelsian Group Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 delivered record earnings, stronger cash flow and leverage within target; the tourism sale sharpened the focus on contracted transport. Priorities include disciplined growth and safety, with a fatal bus incident under independent review.
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Record FY 2026 results featured 8.8% revenue growth, 10.8% EBITDA growth, and margin expansion across all divisions. Leverage fell to 2.46x, and strong cash generation supported increased dividends. FY 2027 guidance targets further EBITDA growth, with continued focus on contract wins and operational efficiency.
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Record half-year results featured double-digit revenue and earnings growth, driven by contract expansions and strong US performance. The divestment of the tourism portfolio will streamline operations, while upgraded FY 2026 guidance reflects ongoing momentum.
Fiscal Year 2025
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Strong FY25 results with record revenue and EBITDA, reduced leverage, and robust cash flow. Strategic focus includes divesting tourism assets, expanding in key markets, and operational improvements. FY26 guidance anticipates continued growth, with key risks around contract timing and asset transitions.
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Record FY25 results with revenue up 9.5% to $2.2B and underlying EBITDA up 7.4% to $285M, driven by strong contract renewals and operational excellence. FY26 guidance targets $297–$310M EBITDA, with growth focused on contract extensions, US industrial contracts, and operational improvements.
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Revenue grew 9% to $1.07B, with underlying EBITDA up 1.3% and NPATA down 7.8% year-over-year. Full-year EBITDA guidance is maintained, with a stronger second half expected from contract ramp-ups and efficiency gains. Pro forma leverage is 3.2x, with a target below 2.5x by FY26.
Fiscal Year 2024
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Record financial growth was achieved, driven by acquisitions and new contracts, with a strong focus on board renewal, capital management, and decarbonization. Shareholders voted on key resolutions, and the board committed to improved governance, communication, and long-term value creation.
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Record FY 2024 results were driven by the full-year contribution from the US AAAHI acquisition and new Sydney contracts, with revenue up 42% and EBITDA up 64%. The group remains focused on organic growth, strategic asset investment, and expects further earnings growth in FY 2025.