FY25 Results Announcement

• Webjet Group FY25 Underlying EBITDA $39.4 million; Underlying NPAT $20.9 million
• Webjet OTA EBITDA $51.6 million as higher margin products help offset subdued domestic Bookings
• Cars & Motorhomes EBITDA $1.6 million reflects impact of restructuring

Webjet Group Limited (ASX: WJL) has reported its financial results for the 12 months ended 31 March 2025. The company's Underlying EBITDA was $39.4 million, up 1% on the previous corresponding period (pcp), despite a 7% decline in Bookings and a 6% decline in Total Transaction Value (TTV). Revenue was down 3% to $139.7 million, but the company's focus on improving Revenue/TTV margins and disciplined cost management helped offset the impact of the challenging macro-economic environment. The Webjet OTA business was impacted by softening domestic flights market and the voluntary administration of Rex Airlines, with Bookings down 7%, TTV down 5%, and EBITDA down 5%. However, growth in higher margin international flight bookings and ancillary products helped offset the domestic softness, and the EBITDA margin remained strong at 43%. The Cars & Motorhomes (formerly GoSee) business continued to be challenged, with Bookings down 7% and EBITDA down 6%. However, the restructuring work undertaken in the second half of FY25 saw expenses fall 10%, and 2H25 EBITDA was $1.4 million, up from $0.2 million in 1H25. Webjet Group maintains a strong balance sheet, with $118.1 million in net cash and access to a $20 million revolving credit facility, positioning the company to pursue growth opportunities.

FY26 underlying EBITDA expected to be broadly in line with FY25, assuming no further deterioration in trading.

While the company remains cautious amid ongoing macro-economic and US challenges, it continues to invest in support of its FY30 Strategic Plan and is seeing strong progress on its strategic priorities. The company is confident it is laying the foundation to drive meaningful and sustained value for its shareholders.