• Revenue and Underlying EBITDA growth of 8% and 17% respectively vs. prior corresponding period
• Strong performance in Adventure Experiences, particularly Reef Unlimited
• Skydiving trading in line with seasonal winter trends

Experience Co Ltd has reported a strong Q1 FY26 trading performance, with unaudited revenue and underlying EBITDA growing 8% and 17% respectively compared to the prior corresponding period. The company's Adventure Experiences segment, particularly Reef Unlimited, drove the overall growth, with revenue increasing 11% year-on-year. Reef Unlimited saw volume growth of 8% and average revenue per customer growth of 7% compared to the prior corresponding period, supported by favourable weather conditions, improved visitation to key locations, and enhancements to the company's products and experiences. The Treetops Adventure business also reported revenue growth of 5%, driven by volume and average revenue per customer improvements. In the Skydiving segment, revenue grew 4% year-on-year, with growth reported in both Australia and New Zealand. The company noted that Q1 is a seasonally lower volume quarter for the Skydiving segment, and that stronger trading in July was offset by more weather-disrupted trading in August and September. The company also highlighted its continued focus on enhancing its existing portfolio, with new experiences launched for Reef Unlimited and Treetops Adventure. Additionally, the company has a cost-out program underway, with more than $2 million in annualized initiatives identified, with a target of progressive drop-through to earnings over the next 12 months.