• Revenue growth of 6% to $134.3 million
• Underlying EBITDA growth of 34% to $19.3 million
• Continued focus on improving site efficiencies and cost control

Experience Co Limited (EXP) reported revenue growth of 6% to $134.3 million in FY25 (FY24: $127.0 million), Underlying EBITDA growth of 34% to $19.3 million (FY24: $14.4 million) and strong growth in Underlying EBIT to $6.6 million (FY24: $1.5 million) with both the Skydiving and Adventure Experiences segments reporting growth. Revenue growth was achieved despite the impact of ongoing challenging economic conditions on consumer sentiment and weather impacts. The Group continued to benefit from growth in international visitation to both Australia and New Zealand as well as the continued consumption of adventure experiences by these visitors. Additionally, in Australia, the strong performance of the domestic holiday market in FY25 saw the business report strong trading during domestic holiday periods. Throughout the year, Management maintained its ongoing focus on improving site efficiencies and cost control to enhance the Group's operating leverage to improved volumes and revenues. Both the Skydiving and Adventure Experiences segments reported improved operating margins. The combined impact of stronger trading and improved performance of both segments was an underlying net profit after tax of $2.1 million before impairment of goodwill. Whilst the impairment of Wild Bush Luxury goodwill resulted in a statutory net loss after tax of -$1.0 million, the underlying result is indicative of the continued improvement in the operating metrics of the business.

The Group reported revenue of $134.3 million and Underlying EBITDA of $19.3 million for the financial year ended 30 June 2025.

Ongoing key focus areas include driving improved capital efficiency through cost control and operational discipline, sustaining free cash flow generation and capturing demand for adventure tourism. Recognising shifting patterns in the performance of domestic markets and inbound travel, Management's view on longer term earnings potential remains unchanged.