• Record Hotels revenue and EBITDA growth
• Entertainment revenue and EBITDA impacted by Hollywood strike, but strong 2H recovery
• Thredbo EBITDA impacted by adverse weather conditions

EVT Ltd has reported its results for the year ended 30 June 2025, with the company recording a 6.3% increase in normalised EBITDA to $160.8 million. The Hotels segment was the standout performer, delivering a record EBITDA of $106.2 million, up 4.7% on the prior year. The Entertainment division was impacted by a Hollywood strike in the first half, which disrupted film supply, leading to a 4.7% decline in normalised EBITDA to $43.5 million. However, the division saw a strong recovery in the second half, with Q4 EBITDA up 39.0% on the prior corresponding period. Thredbo also had a challenging year, with EBITDA declining 6.1% to $18.5 million due to adverse weather conditions. The company continued to make progress on its 'Fewer/Better' cinema strategy and non-core asset divestment program, with the sale of 525 George Street progressing. Looking ahead, the company expects the Hotels segment to deliver another record year, while the Entertainment division is expected to see growth, subject to film performance. Thredbo's EBITDA is expected to be in the range of $25 million to $30 million, subject to weather conditions.

The company expects the Hotels segment to deliver another record year. The Entertainment division is expected to see growth, subject to film performance. Thredbo's EBITDA is expected to be in the range of $25 million to $30 million, subject to weather conditions.

The company is expecting growth for the Entertainment division, subject to film performance and date changes. Overall, the company expects EBITDA growth, subject to film performance and weather conditions.