• Webjet ends discussions with Helloworld and BGH Capital
• FY26 Underlying EBITDA expected in $28-29 million range
• Webjet to resume on-market share buyback program

Webjet Group Limited (ASX: WJL) has announced the cessation of discussions with Helloworld Travel Limited (ASX: HLO) and BGH Capital Pty Ltd regarding potential acquisition proposals. The company had previously received non-binding and indicative offers from both parties to acquire 100% of Webjet's shares. However, after 12 weeks of engagement, the Webjet Board has determined that it has not received a proposal from either party that is consistent with the respective indicative proposals or capable of being put to shareholders. The Webjet Board does not believe there is sufficient certainty that a binding proposal that is capable of being recommended will be received from either party within an acceptable timeframe. As a result, the Webjet Board has decided to cease discussions with both Helloworld and BGH, and management will now focus on executing the company's existing strategy. In a trading update, Webjet has also announced that it now expects Underlying EBITDA for FY26 to be in the range of $28 million to $29 million, excluding Webjet Business Travel, which is delivering in line with plan. Additionally, the company has confirmed that it has lodged the requisite notification to commence its on-market share buyback program of up to $25 million, which was previously put on hold following the receipt of the acquisition proposals.

Webjet expects Underlying EBITDA for FY26 to be in the range of $28 million to $29 million, excluding Webjet Business Travel, which is expected to reduce Underlying EBITDA by c.$600-900 thousand in 2H26.