Australia · Delayed Price · Currency is AUD Webjet Group Earnings Call Transcripts
Fiscal Year 2026
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Balanced execution delivered in a tough macro environment, with strong brand investment, a Cars & Motorhomes turnaround, and robust cash position. FY 2027 faces headwinds from lower airline commissions and regulatory changes, but strategic priorities and growth ambitions remain intact.
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Resilient first half with underlying EBITDA down 9% and statutory NPAT up 51%, supported by strong cash and no debt. Strategic investments, a major brand refresh, and the Locomote acquisition position the business for long-term growth despite ongoing domestic market softness.
Fiscal Year 2025
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The meeting reviewed a resilient FY 2025 performance amid challenging travel conditions, with a focus on strategic growth to double TTV by 2030, investment in AI, and a major acquisition to accelerate business travel offerings. Shareholders discussed capital management, governance, and executive incentives.
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FY 2025 results met expectations with revenue of AUD 139.7 million and underlying EBITDA of AUD 39.4 million, despite soft domestic demand. Strategic focus on international growth, ancillaries, and technology is driving higher margins and revenue per booking. Dividends to commence in FY 2026, with buyback deferred due to recent M&A activity.
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A detailed, research-driven plan targets doubling TTV to AUD 3.2 billion by FY 2030, focusing on international flights, hotels, business travel, and a major brand refresh. Incremental investment is balanced by strong cash flow, with dividends to commence in FY 2026.
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Underlying EBITDA rose 1% to AUD 19.4 million, with strong cash reserves and margin improvement despite subdued domestic demand. Strategic focus on international bookings, ancillaries, and cost restructuring at GoSee positions the group for stable FY 2025 results.