WJL.ASX: Business travel acquisition and capital return initiatives

Business travel acquisition and capital return initiatives

Stock	Webjet Group Limited (WJL.ASX)
Release Time	22 Aug 2025, 9:12 a.m.
Price Sensitive	Yes

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Webjet Group accelerates growth with business travel acquisition

Key Points

Strategic acquisition of Locomote to fast-track Webjet's business travel offering
Webjet to undertake $25M on-market share buyback program
Intention to maximize distribution of franking credits via special dividends

Full Summary

Webjet Group Limited (ASX:WJL) is accelerating the delivery of its Business Travel offering with the strategic acquisition of Locomote Holdings Pty Ltd, a Melbourne-based digital business travel technology company. The acquisition will enable Webjet to fast-track the launch of a stand-alone Webjet Business Travel offering, leveraging Locomote's established platform, client base, and expertise. Key benefits of the acquisition include rapid speed-to-market, strategic use of capital, and building internal capabilities. Webjet also announced capital management initiatives, including an on-market share buyback program of up to $25 million and the intention to maximize distribution of franking credits via special dividends. Excluding the impact of the acquisition, Webjet's FY26 Underlying EBITDA is expected to be broadly in line with FY25 and weighted to the second half.

Guidance

Excluding the impact of the Locomote acquisition and associated transaction costs, Webjet Group's FY26 Underlying EBITDA is expected to be broadly in line with FY25.