• Q3 2026 performance slightly down on Q3 2025
• Skydiving revenue decreased by 5% due to weather and PIA
• Adventure Experiences revenue remained stable despite weather impacts
• Group-wide cost-out program and free cash flow generation focus
• Wild Bush Luxury business unit sale completed

Experience Co Ltd's Q3 FY26 trading update highlights a challenging operating environment, including significant weather events, the Middle Eastern conflict, inflationary pressures, and declining consumer sentiment. Despite these challenges, the Group's performance was only slightly down on Q3 FY25. Skydiving revenue decreased by 5% due to softer trading and adverse weather conditions, while Adventure Experiences revenue remained stable. Management has implemented several initiatives to mitigate these impacts, including tactical pricing campaigns, targeted price/rate increases, and a group-wide cost-out program. The Group also continued to advance growth projects in the Adventure Experiences segment. The Wild Bush Luxury business unit sale was completed on 1 May 2026, with net proceeds to be used as outlined in the related ASX announcement.

Management continues to monitor the ongoing impact of the Middle Eastern conflict, general consumer sentiment, and other externalities. These conditions are expected to continue to impact the Group's future financial performance in the short to medium term.