• Delivered record total transaction value (TTV) of $24.5 billion
• Underlying profit before tax (UPBT) of $289.1 million, down 10% on FY24
• Invested ~$450 million in capital management initiatives, including share buybacks and debt reduction

Flight Centre Travel Group Limited (FLT) has released its FY25 Appendix 4E and Annual Report, reporting record total transaction value (TTV) of $24.5 billion, up 3.3% on the prior year. However, the company's underlying profit before tax (UPBT) of $289.1 million was down 9.8% on FY24, with a challenging fourth quarter impacting the full-year result. Geopolitical tensions, macroeconomic uncertainty, and volatility in the United States had a significant impact on consumer confidence and temporarily stalled the industry's post-COVID recovery, particularly in the leisure travel sector. Despite the lower profit, FLT invested around $450 million in capital management initiatives, including a $200 million reduction in the face value of outstanding convertible notes, a $57 million on-market share buyback, and $100 million in debt repayments. The company has also declared a 29.0 cents per share fully franked final dividend for FY25, taking total dividends for the year to 40.0 cents per share, in line with FY24.

FLT has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.