• Market leading TTV growth while maintaining TTV margins
• Revenue up 20% on pcp reflecting above market growth in top 3 regions, particularly Americas
• EBITDA up 21% on pcp in line with Revenue growth & planned increase in expenses

Web Travel Group reported a strong 1H26 performance, with TTV up 22% to $3.2 billion, revenue up 20% to $204.6 million, and EBITDA up 21% to $94.0 million compared to the prior corresponding period. The company's global B2B travel marketplace, WebBeds, delivered organic customer growth in all regions, with the Americas, Europe, and Asia Pacific seeing the strongest growth. WebBeds' TTV margins remained stable at 6.5%, above the company's guidance, and are expected to be at least 6.5% for FY26. Expenses were up 19% due to CPI increases, the re-introduction of bonus schemes, and planned investment in hotel contracting resources. FY26 expense growth is expected to be in the high single digits. The company continues to focus on growing its existing portfolio, acquiring new customers and supply, expanding into new markets, and improving conversion, which are driving its TTV growth. Web Travel Group's balance sheet remains strong, with $481.1 million in cash as of 30 September 2025 and an undrawn $200 million revolving credit facility.

FY26 TTV margins of at least 6.5%, FY26 expense growth in high single digits, FY26 EBITDA margins expected to be between 44% and 47%, FY26 CAPEX to be in line with FY25, FY26 corporate costs c $24 million, FY26 D&A (excluding AA) c $31 million, FY26 net finance costs c $15 million, and FY26 underlying effective tax rate c 17%.

Web Travel Group plans to continue delivering market-leading TTV growth rates to achieve $10 billion TTV by FY30. FY27 TTV margins are expected to remain stable at 6.5%, and the company expects to deliver c.50% EBITDA margins in FY27 as it continues to invest in its highly scalable business model.