• TTV up 22% driven by strong growth in all regions
• Underlying NPAT $79.2m, down 22% due to lower than expected TTV margins
• Remedial actions taken to stabilize margins, now back on track

FY25 marked the Demerger of Web Travel Group Limited's (formerly Webjet Limited) business-to-consumer (B2C) division into Webjet Group Limited, enabling the company to focus on and build WebBeds, its global business-to-business (B2B) travel distribution division. The Demerger has breathed new life into both businesses. FY25 saw WebBeds continue on the path to its $10 billion TTV target, with Bookings up 20% to 8.4 million and TTV up 22% to $4.9 billion. However, the company's take rate (TTV margin) during the year was lower than expected, in part due to its own actions as well as a change in product supply mix due to geographic expansion, resulting in disappointing Revenue and EBITDA outcomes. Remedial action has been taken and margins have now stabilized. The company remains committed to its FY30 target of $10 billion TTV at circa 50% EBITDA margins. All regions saw impressive Bookings and TTV growth during the year as the company evolves towards equal TTV share from Europe, Asia-Pacific and the Americas. The company continues to invest in global scale, reach and technology, enhance supply through increased directly contracted inventory, and invest in its customers and partners by delivering scalable, proactive and personalized customer service. The team is re-energized and excited to continue the growth journey and deliver significant earnings growth to FY30.

The company remains committed to its FY30 target of $10 billion TTV at circa 50% EBITDA margins.

The company is laser focused on delivering significant EBITDA growth in FY26 while maintaining TTV margins, delivering 50% EBITDA margins in FY27, and on target to deliver its $10 billion TTV growth objective by FY30.