Key points
- Revenue growth of 2% to $129.6m
- Underlying EBITDA declined by 8% to $17.6m
- Underlying net profit after tax decreased by 30% to $2.0m
- Net debt increased slightly by 1%
- Strategic focus on free cash flow and operational efficiencies
Full summary
Experience Co Ltd presented its FY26 results, showing a modest 2% revenue increase to $129.6m. However, underlying EBITDA declined by 8% to $17.6m, and underlying net profit after tax dropped 30% to $2.0m. The company faced challenges from weather disruptions, industrial action, and fuel price increases. Despite these challenges, all business units except Skydive Australia achieved revenue growth. The company's financial position remains sound, with net debt increasing slightly by 1%. Looking ahead, Experience Co Ltd plans to focus on free cash flow generation, earnings improvement, and operational efficiencies.
Guidance
FY26 revenue: $129.6m, Underlying EBITDA: $17.6m, Underlying net profit after tax: $2.0m
Outlook
Experience Co Ltd plans to focus on free cash flow generation, earnings improvement, and operational efficiencies. The company also aims to invest in direct-to-consumer channels and strengthen partnerships.