New Zealand · Delayed Price · Currency is NZD Serko Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted strong FY 2026 growth, improved operating earnings, and ongoing investment in AI and U.S. expansion. Board succession, governance, and performance-based incentives were emphasized. Shareholders approved director re-election and auditor fees, with a special meeting planned for executive incentive approvals.
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FY 2026 saw 34% income growth to NZD 120.9 million, driven by Booking.com for Business and GetThere, with EBITDAFI up 137%. Serko AI launched in closed beta, and FY 2027 guidance anticipates NZD 128–134 million income, with growth hinging on U.S. corporate segment ramp-up.
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Record half-year results with 45% income growth and highest-ever EBITDA, driven by Booking.com for Business and GetThere. Guidance reaffirmed, with spend reallocated to accelerate AI and platform investment. Risks include macro headwinds and FX volatility.
Fiscal Year 2025
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Significant income growth and operational improvements were reported, with a focus on global expansion, AI-driven innovation, and disciplined capital management. The board addressed succession, governance, and strategic investments, while shareholders approved all resolutions and were updated on key risks and future plans.
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Total income grew 27% to NZD 90.5 million, with strong gains in Booking.com for business and positive free cash flow from core operations. FY26 guidance targets NZD 115–123 million income, with continued investment in platform and North America, and robust cash reserves.
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Announced GetThere acquisition and Sabre partnership to accelerate North American growth, with strong financial results including 18% income growth and positive EBITDA. FY 2025 guidance affirmed, with significant investment in technology and a long-term income target of NZD 250 million.
Fiscal Year 2024
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The meeting reviewed strong FY24 growth, highlighted a renewed Booking.com partnership, and outlined plans for cash flow positivity in FY25. Board and executive changes, ESG focus, and strategic investments were discussed, with all resolutions put to vote and key risks identified.