• Delivered strong FY25 results with revenue of $134.3m, Underlying EBITDA of $19.3m, and Underlying EBIT of $6.6m
• Continued investment in growth initiatives including Reef Unlimited and Treetops Adventure
• Maintained disciplined capital management with share buyback and dividend payment

Experience Co Limited (ASX: EXP) held its 2025 Annual General Meeting, where the Chair provided an update on the company's performance and outlook. FY25 was a year of solid growth, disciplined execution, and meaningful progress across the business, delivering revenue of $134.3 million, Underlying EBITDA of $19.3 million, and Underlying EBIT of $6.6 million, a significant year-over-year increase and the best result since FY19. Both the Skydiving and Adventure Experiences segments delivered strong results driven by increased demand, operating efficiency, and the benefit of organic growth initiatives. The company continues to invest in the business, including expanding its Reef Unlimited operations with the acquisition of a new vessel and adding Networld and Zipline attractions to the Treetops Adventure Canberra site. The group's strong balance sheet provides flexibility for further growth, and the company has implemented a share buyback program and paid a dividend, reinforcing its disciplined capital management approach. The outlook for FY26 remains positive, with strong trading momentum continuing into the first quarter, supported by solid domestic demand and a steady recovery in inbound leisure tourism. The company remains focused on cost control, cash generation, and capital efficiency, while continuing to position the business for growth as travel demand normalizes.

For the financial year 2026, the company expects to deliver revenue and Underlying EBITDA growth compared to the prior year, supported by continued strong domestic demand and a steady recovery in inbound leisure tourism.

The long-term fundamentals of the business remain strong, with Australia and New Zealand continuing to attract travellers from around the world seeking authentic, outdoor adventure experiences, a trend that plays directly to the company's strengths. The company remains focused on cost control, cash generation, and capital efficiency, while continuing to position the business for growth as travel demand normalizes.