• TTV up 22% to $4.9 billion
• TTV margins stabilised at 6.7%
• Underlying Group EBITDA $120.6 million
• Completed $150 million buyback to reduce dilution

Web Travel Group Limited (ASX:WEB) today announced its financial results for the 12 months to 31 March 2025. The company reported strong performance, with WebBeds TTV up 22% to $4.9 billion and TTV margins stabilising at 6.7%. Underlying Group EBITDA was $120.6 million, down 13% on FY24 due to lower revenue and higher expenses. The company has refocused and recalibrated, with a focus now on optimising supply sources and increasing directly contracted inventory. Web Travel Group maintains a strong capital position post demerger, with $363.6 million cash as at 31 March 2025. The company completed a $150 million on-market share buyback in March 2025, and has economic exposure to a further 8.4 million shares via equity linked financial assets, addressing approximately 88% of potential future dilution from convertible notes due April 2026. The company has had an exceptional start to FY26 trading, with TTV up 37% and Bookings up 29% compared to the same period last year, and is targeting record EBITDA in FY26.

The company is targeting record EBITDA in FY26 and remains committed to delivering $10 billion TTV in FY30 at circa 50% EBITDA margins.

The company is confident TTV margins will be at least 6.5% for the medium term, and is focused on optimising supply mix, investing in directly contracted inventory, and reengineering supply agreements to generate significant earnings growth in the short to medium term.