• Pre-acquisition business is cash-generative, supporting growth
• Booking.com for Business delivered 29% increase in completed room nights and active customers
• Australasian travel revenue grew 18% with 12% increase in average revenue per booking

Serko Limited (ASX & NZX: SKO) today reports its audited results for the twelve months to 31 March 2025 (FY25) with total income up 27% to $90.5 million, continuing its track record of high growth. The result was driven by continued demand and growth in Booking.com for Business, with completed room nights and active customers both increasing 29%. The result also included a solid performance by Serko's Australasian business and $4.8 million of income from the acquisition of GetThere on 7 January 2025. Serko's pre-acquisition business generated positive Free Cash Flow for FY25 of $7.4 million, an improvement of $14.5 million, providing a solid foundation as the company scales. Serko remains well capitalised with $61.4 million in cash and no debt. For FY26, total income is expected to be $115 million to $123 million, underpinned by the trajectory in Booking.com for Business. Serko is confident in the long-term opportunity in North America, with revenue contribution remaining modest in FY26.

For FY26, total income is expected to be $115 million to $123 million, and total spend is expected to be in the range of $127 million to $133 million.

Overall demand for business travel remains strong, and Serko's year-to-date performance is in line with expectations. Serko is confident in the long-term opportunity in North America, with revenue contribution remaining modest in FY26.