• Normalised revenue up 1.3% to $1,236.9 million
• Normalised EBITDA up 6.3% to $160.8 million
• Normalised profit after tax up 12.7% to $38.4 million

EVT Ltd has announced its full year results for FY25, reporting growth in revenue, EBITDA and profit compared to the prior year. Normalised revenue increased by 1.3% to $1,236.9 million, normalised EBITDA grew by 6.3% to $160.8 million, and normalised profit after tax was up 12.7% to $38.4 million. The company's hotels division achieved record revenue and EBITDA results, despite some market challenges, with all EVT brands outperforming the market. The entertainment division was impacted by the 2023 Hollywood strikes in the first half, but saw a strong recovery in the second half. Thredbo's revenue was marginally up despite poor winter weather conditions, and the second half saw improved performance. The company continues to focus on growth, with the launch of EVT Connect Hospitality to deliver hotel management solutions, and the planned acquisition of the Pro-invest Hotels management company. The company has provided a positive trading outlook for FY26, expecting EBITDA growth subject to film performance and weather conditions.

EVT expects the Hotels division to deliver another record result in FY26, but with a combined EBITDA impact of around $3.5 million from the temporary closure of Rydges Queenstown for upgrade works and works required at QT Gold Coast. The Entertainment division is expected to deliver EBITDA growth on the prior year, with a promising film line-up. Thredbo is expected to deliver a full year divisional EBITDA result of $25 to $30 million, subject to winter and summer weather conditions.

EVT has a positive outlook for FY26, with the company's strategic initiatives continuing to drive growth. The company is focused on maximising the value of its hotel properties, realising value from strategic divestments, and recycling capital into growth initiatives. The company has a strong balance sheet and is well-positioned for future growth.