• Webjet Group demerged from Web Travel Group in September 2024
• Underlying EBITDA up 1% to $39.4 million, despite challenging domestic travel conditions
• Strategic initiatives underway to drive significant growth by FY30

Webjet Group Limited has reported its first full-year results since demerging from Web Travel Group in September 2024. Despite a difficult trading environment, particularly in the domestic travel market, the company delivered a solid underlying performance, with Underlying EBITDA up 1% to $39.4 million. Key highlights include:- Bookings of 1.5 million, down 7% on FY24- TTV of $1.5 billion, down 6% - Revenue of $139.7 million, down 3%- Underlying EBITDA of $39.4 million, up 1%- Net cash of $118.1 million as at 31 March 2025The company's new management team, led by Group CEO and Managing Director Katrina Barry, has moved quickly to restructure the business and position it for long-term growth. This includes a focus on international expansion, particularly in the flights market, where demand has remained robust. The company has also continued to invest in its AI-driven Trip Ninja technology to drive revenue optimisation and margin improvement.Looking ahead, Webjet Group has outlined an ambitious FY30 Strategic Plan, with the goal of doubling TTV over the next five years. This will involve a range of initiatives, including further international expansion, investing in technology and innovation, and exploring new growth avenues and adjacent opportunities. The Board has also adopted a dividend policy, targeting a payout ratio of 40-60% of underlying net profit after tax, with the intention to declare an interim dividend for FY26.Overall, Webjet Group has made a solid start as a standalone listed entity, and the Board and management team remain confident in the company's ability to navigate the current challenges and deliver significant growth over the medium term.

Webjet Group is targeting to double its TTV to $3 billion by FY30.

Webjet Group has outlined an ambitious FY30 Strategic Plan, with a focus on international expansion, investing in technology and innovation, and exploring new growth opportunities. The company is confident in its ability to deliver significant growth over the medium term, despite the current challenging trading environment.