Australia · Delayed Price · Currency is AUD WOTSO Earnings Call Transcripts
Fiscal Year 2026
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Revenue rose 3% to AUD 24.6 million, with EBITDA up 6% and strong ancillary income growth. Expansion continues in suburban and regional markets, supported by capital from the Yandina sale and reduced fit-out costs. Net gearing improved to 26% post-period.
Fiscal Year 2025
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The meeting highlighted strong revenue and EBITDA growth, strategic expansion plans, and new service offerings. All resolutions received solid support, and management addressed key risks, including asset valuation and relocation challenges.
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Revenue grew 14% year-over-year, with five new locations and strong flex space sales driving a 14% increase in underlying EBITDA. Statutory loss was impacted by lease accounting, but the business remains confident in sustaining double-digit growth as new sites mature.
Fiscal Year 2024
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The meeting highlighted strong Flexspace revenue growth, reduced distributions to fund expansion, and strategic property acquisitions, including in Melbourne. All resolutions passed with solid support, and challenges with property valuations and market conditions were discussed.