• Continued business momentum during the half driven by the Adventure Experiences segment
• Improved financial performance with stronger revenues, operating efficiency, and cost management
• Ongoing recovery of inbound markets and steady domestic bookings supporting volume growth

Experience Co Ltd reported a strong 1H25 financial performance, with sales revenue up 9% to $67.9 million and underlying EBITDA increasing 49% to $10.6 million compared to the prior corresponding period. The company's Adventure Experiences segment was the largest contributor, with revenue growth of 14% and underlying EBITDA up 40%, driven by increased volumes, improved average revenue per customer, and cost control. The Skydiving segment also reported revenue and underlying EBITDA growth, benefiting from the ongoing recovery of international tourism in both Australia and New Zealand. The company's focus on operating efficiencies at the site level and corporate cost-out initiatives have enhanced margins across the business. Experience Co's balance sheet remains strong, with net debt reducing to $6.8 million as of 31 December 2024. The company continues to generate solid operating cash flows, which are being reinvested into maintenance and growth capital expenditure to support the business's expansion plans.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company has not provided any specific forward-looking outlook statements in the announcement. However, the announcement highlights the ongoing recovery of inbound tourism to Australia, which is expected to continue supporting volume growth and financial performance across Experience Co's businesses.