• Revenue up 9% to $67.9 million
• Underlying EBITDA up 50% to $10.6 million
• Net profit after tax of $1.4 million, turnaround from $1.3 million loss

Experience Co Limited has reported its strongest underlying half year financial results since FY19, reflecting improved trading conditions, site efficiencies and cost management. Volumes across the business continued to benefit from the recovery of international tourism into Australia and New Zealand and domestic market resilience. Both the Skydiving and Adventure Experiences segments reported improved financial performance. The Skydiving segment reported revenue growth of 4% and underlying EBITDA growth of 9%, driven by improved volumes and operating efficiencies. The Adventure Experiences segment reported revenue growth of 14% and underlying EBITDA growth of 40%, led by the contribution of Reef Unlimited and Treetops Adventure. The Group continued to focus on a cost-out programme, which has yielded annualised savings of approximately $2.5 million. The Group remains optimistic about the trading outlook, with volumes expected to continue benefiting from the ongoing recovery of inbound markets, albeit the recovery is anticipated to be more gradual than originally anticipated. Management will continue to pursue growth opportunities, with a particular focus on the Adventure Experiences segment.

The Group generated a post-COVID record monthly unaudited Underlying EBITDA (post-AASB16) of $3.7 million in January 2025, compared to $2.8 million in the prior corresponding period.

The Group remains optimistic about the trading outlook, with volumes across the business expected to continue benefiting from the ongoing recovery of inbound markets into both Australia and New Zealand, albeit the recovery is anticipated to continue to be more gradual than originally anticipated. Domestic trading conditions are expected to continue to be impacted by challenging macroeconomic settings, but the demand for Adventure Tourism and Experiences is expected to remain resilient.