HLO ASX Announcement Half Year Results 2025
| Stock | Helloworld Travel Ltd (HLO.ASX) |
|---|---|
| Release Time | 26 Feb 2025, 9:14 a.m. |
| Price Sensitive | Yes |
Helloworld Travel Reports Half Year Results 2025
- Total Transactional Value (TTV) down 6.9% to $2.1 billion
- Revenue down 7.6% to $103.8 million
- Underlying EBITDA down 20.2% to $27.2 million
- Interim dividend of 8.0 cents per share, fully franked
Helloworld Travel Limited (ASX: HLO) has released its interim financial results for the first half year ended 31 December 2024 (1H FY25). The company reported a 6.9% decline in Total Transactional Value (TTV) to $2.1 billion, a 7.6% decrease in revenue to $103.8 million, and a 20.2% drop in Underlying EBITDA to $27.2 million. The performance reflects a challenging fiscal environment in Australia with cost of living increases impacting demand for leisure travel and reductions in airfares pushing flight TTV downwards. However, the company continued to invest in its business, growing its technology options and expanding its wholesale product range while enhancing its core capabilities around ticketing and air consolidation. Despite the short-term challenges, Helloworld is focused on leveraging its industry knowledge and driving long-term shareholder value. The company has a strong balance sheet with significant cash reserves, no bank debt, and ASX-listed CTM shares, positioning it for long-term sustainable growth. Helloworld declared an interim dividend of 8.0 cents per share, fully franked, up from 5.0 cents in the prior period, reflecting management's confidence in the future of the business and providing shareholders with a portion of the company's strong liquidity.
Helloworld is forecasting a full year Underlying EBITDA of between $56 million and $62 million.
Management is focused on medium to long-term value creation, investing to strengthen agent and advisor networks, targeting earnings-accretive core business acquisitions, leveraging AI to improve productivity and efficiency, and benefiting from Australian and New Zealand economic growth. The company is seeing strong forward bookings for calendar 2025 and remains committed to technology developments, automation, innovation, and AI to maintain its position at the forefront of technological advancement.