CEH Price sensitive 21 Jan 2026, 9:16 AM

First Half 26 Preliminary Update

Coast Entertainment Holdings Ltd

Coast Entertainment Holdings Ltd Provides Solid FY26 First Half Update

Key points

  • Strong trading performance in Theme Parks & Attractions business
  • Significant growth in ticket sales and visitation
  • Robust revenue growth and EBITDA uplift expected

Full summary

Coast Entertainment Holdings Limited (ASX: CEH) has provided a preliminary update on the Group's unaudited trading performance for the half year ended 30 December 2025. The Group is pleased to report a solid performance, with the Theme Parks & Attractions business delivering strong trading results for the period, reflecting continued momentum from recently opened attractions, increased marketing and promotional activity, and improving trading conditions. Ticket sales increased 46.6% compared with the first half of FY25, exceeding FY16 levels, driven by strong annual pass sales and successful promotional campaigns. Total visitation increased 44.4%, with a new record daily attendance achieved at Dreamworld during the recent peak school holiday period. This growth in ticket sales and visitation translated into strong revenue results, with operating revenue for the period up 30.2% to $62.2 million, surpassing FY16 levels. The Group also successfully opened its new King Claw attraction, the fastest Gyro Swing ride in the Southern Hemisphere, which is proving to be another strong drawcard for Dreamworld. SkyPoint also delivered a robust performance during the period, once again achieving record revenues. The Group expects to report a substantial uplift in EBITDA (excluding Specific Items) for the first half of FY26, reflecting strong revenue growth and increased leverage of its largely fixed cost base. The Board and management remain mindful of the challenging economic conditions and continue to focus on appropriately positioning the business as earnings recover toward historical levels.

Guidance

The Group expects to report a substantial uplift in EBITDA (excluding Specific Items) for the first half of FY26, reflecting strong revenue growth and increased leverage of its largely fixed cost base.

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