1H26 Results Presentation
| Stock | Coast Entertainment Holdings Ltd (CEH.ASX) |
|---|---|
| Release Time | 13 Feb 2026, 8:41 a.m. |
| Price Sensitive | Yes |
1H26 Results Presentation
- Theme Parks & Attractions delivered strong performance for 1H26
- Consolidated EBITDA excluding Specific Items increased 368.2% to $8.7 million
- Positive performance trends have continued into January 2026
Coast Entertainment Holdings Ltd reported a strong 1H26 performance, with the Theme Parks & Attractions segment delivering robust revenue and earnings growth. Ticket sales value was up 46.6% vs the prior corresponding period (PCP), with total visitation increasing 44.4%. Operating revenue grew 30.2% to $62.2 million, while EBITDA excluding Specific Items surged 169.0% to $11.2 million, exceeding the FY25 full-year result. Consolidated EBITDA excluding Specific Items increased 368.2% to $8.7 million, more than doubling the FY25 full-year outcome. The company's balance sheet remains solid, with $37.6 million in cash and $134.3 million in available tax losses as at 30 December 2025. The positive performance trends have continued into January 2026, with YTD ticket sales up 36% and total visitation up 32% compared to the prior period. The company highlighted the successful launch of new attractions, including King Claw and the WILD with Australian Geographic precinct, as well as the partnership with Network 10 to host the Big Brother reality show at Dreamworld, as key drivers of the strong results.
The company reported that January 2026 YTD revenue increased 25% and EBITDA excluding Specific Items was up 86% compared to the prior period, the highest since January 2016 YTD. However, the company noted that 2H26 year-over-year growth is expected to moderate relative to 1H26 performance, as the business cycles a strong 2H25 following the opening of Rivertown in December 2024.
The company remains optimistic that consumer demand will continue to grow as macroeconomic conditions improve, driven by the significant investment in new attractions and the ongoing high focus on customer service, which are resonating well with guests. The company also highlighted the potential for a recovery in international visitation as a medium-term opportunity.