• Revenue of $67.9 million, up from $62.3 million in 1H24
• Statutory net profit after tax of $1.4 million, compared to $1.3 million loss in 1H24
• Underlying EBITDA of $10.6 million, up from $7.1 million in 1H24

Experience Co Limited (ASX: EXP) has released its Appendix 4D and Interim Financial Report for the half year ending 31 December 2024. The company reported revenue of $67.9 million, up from $62.3 million in the prior corresponding period (1H24). Statutory net profit after tax was $1.4 million, compared to a $1.3 million loss in 1H24. Underlying EBITDA increased to $10.6 million, up from $7.1 million in 1H24. The company's net debt position also improved, reducing to $6.8 million from $8.9 million as of 30 June 2024. The company highlighted that this was its strongest trading performance since FY19, with the business benefiting from the continued recovery of international tourism to Australia and New Zealand, as well as resilience in the domestic market. All business units, including Skydive Australia, Reef Unlimited, Treetops Adventure, and Wild Bush Luxury, reported improved performances. The company's CEO, John O'Sullivan, stated that the results demonstrate the resilience of the experiential tourism and consumption sectors in Australia and New Zealand, and that the company remains focused on maximizing the opportunity as market conditions continue to improve.

The company reported that in January 2025, the business produced an improved result compared to the prior corresponding period, with unaudited Underlying EBITDA of $3.7 million versus $2.8 million.

Heading into 2H25, the Group remains confident regarding the continued improvement of inbound visitation to Australia and New Zealand, as well as an easing of the macroeconomic settings in both markets, presenting an opportunity for continued improvement of the underlying performance of the business.