Chair & MD's AGM Speeches (inc trading update & guidance)

Open PDF
Stock Flight Centre Travel Group Ltd (FLT.ASX)
Release Time 12 Nov 2025, 8:24 a.m.
Price Sensitive Yes
 Chair & MD's AGM Speeches (inc trading update & guidance)
Key Points
  • Achieved 26th consecutive year of TTV growth despite challenges
  • Invested $450m in capital management initiatives, including dividends and buybacks
  • Expanding leisure and corporate businesses through strategic acquisitions and investments
Full Summary

The 2025 fiscal year presented challenges, but Flight Centre Travel Group Limited achieved year-on-year total transaction value (TTV) growth for the 26th time in its 30 years as a listed entity. While underlying profit before tax of $289.1m fell short of expectations, the company has taken decisive steps to position itself for renewed growth in FY26 and beyond. The company invested circa $450 million in capital management initiatives, including paying a 29 cents per share fully franked FY25 final dividend and continuing its on-market share buyback program. The company also acquired Cruise Club in the UK to expand its MyCruise package holiday business internationally and invested in the luxury leisure sector, with the acquisition of Scott Dunn performing well. In the corporate segment, the company saw pleasing and promising growth from two specialist businesses, Stage and Screen and FCM Meetings & Events. The company remains committed to sustainability and supporting its people, with initiatives such as the Flight Centre Planting for the Planet Program and a focus on training, learning, and development. The board is also undergoing a transition process to ensure it continues to evolve to best support the business. Looking ahead, the company is confident in its future growth prospects, citing its strong balance sheet, global brand portfolio, and strategies focused on efficiency and innovation. FY26 is off to a positive start, with first-quarter results and preliminary October trading data confirming momentum across both corporate and leisure segments.

Guidance

For the full year, the company is targeting underlying profit before tax of $305 million to $340 million, a 5.5% to 17.6% uplift on FY25. First half earnings are likely to be broadly in line with last year's $119.7 million adjusted underlying profit before tax, with solid corporate profit growth to be offset by a leisure profit decrease.

Outlook

The company remains very confident in its future growth prospects and its ability to create shareholder value, citing the diversity of its brand portfolio, its track record of delivering year-on-year TTV growth, the strategies in place to boost productivity and efficiency, its strong balance sheet, and its experienced senior executive team.