Key points
- FY26 normalised revenue: $1,314.9 million, up 6.3%
- FY26 normalised EBITDA: $174.4 million, up 8.4%
- Approximately $800 million of non-core property assets identified for divestment
- Rothschild & Co engaged to assess Group structure options
- Positive outlook for FY27 with expected EBITDA growth
Full summary
EVT Ltd announced its FY26 results, showing normalized revenue of $1,314.9 million, up 6.3%, and normalized EBITDA of $174.4 million, up 8.4%. The company identified approximately $800 million of non-core property assets for divestment, aiming to support hotel growth and potentially issue special dividends. A strategic update included plans for asset-light expansion and the launch of Connect Hospitality. The Group structure review, conducted by Rothschild & Co, aims to position EVT for future hotel growth and maximize shareholder returns. The outlook for FY27 is positive, with expected EBITDA growth in Hotels and Entertainment, subject to film performance and weather conditions.
Guidance
FY26 normalised revenue: $1,314.9 million, FY26 normalised EBITDA: $174.4 million
Outlook
Positive outlook for FY27 with expected EBITDA growth in Hotels and Entertainment, subject to film appeal and weather conditions.