Key points
- Achieved $117 million underlying profit before tax, up 7% year-on-year
- Corporate business delivered 4% increase in underlying profit before tax
- Leisure business made significant investments to fast-track cruise sector growth
- Interim dividend of 11 cents per share declared
Full summary
Flight Centre Travel Group (FLT) has achieved a $117 million underlying profit before tax (UPBT) for the 2025 fiscal year (FY25) first half (1H), representing a 7% year-on-year growth. The result reflects a solid second quarter rebound after a challenging first quarter. The corporate business delivered a 4% increase in UPBT during a period of consolidation as the company embedded its Productive Operations initiatives to unlock more profitable growth. Outside Asia, FLT's businesses in the Americas, Europe, Middle East and Africa, and Australia-New Zealand collectively delivered almost 14% UPBT growth and circa 3% total transaction value (TTV) growth during the 1H. The leisure business delivered solid 1H TTV growth, but UPBT was flat year-on-year due to lower super override revenue and significant upfront investments to fast-track cruise sector growth. These investments totalled almost $4 million and included the Cruiseabout start-up, the integration of the Cruise Club acquisition, and costs associated with Ignite's agreement with Oceania Cruises. FLT directors declared a fully franked 11 cents per share interim dividend, payable on April 17 to shareholders registered on March 27.