Chair & MD's AGM Speeches (inc trading update & guidance)

• FY26 saw record TTV and growth in most metrics, but Middle East tensions caused $60m loss
• Underlying PBT for FY26 was $278m, statutory PBT increased to $213m
• Initial FY27 guidance for underlying PBT is $290m to $325m
• Leisure sector rebound seen, corporate trends consistent with Q4 FY26
• Strong customer sentiment and investment in AI and sustainability

Flight Centre Travel Group Limited's AGM speeches provided insights into FY26 performance and FY27 guidance. FY26 saw record total transaction value (TTV) and growth across most metrics, but Middle East tensions led to a $60m loss in the leisure business. Underlying profit before tax (PBT) for FY26 was $278m, with statutory PBT increasing to $213m. The company returned $87m to shareholders through dividends and share buybacks. Initial FY27 guidance for underlying PBT is $290m to $325m, with leisure showing a rebound and corporate trends consistent with Q4 FY26. Investments in AI and sustainability were highlighted, along with the company's commitment to capital management and shareholder returns.

FY27 underlying PBT guidance: $290m to $325m

The company is optimistic about FY27, with a focus on stabilizing leisure momentum, executing cost and capital management plans, and growing TTV across all brands. The outlook is contingent on the strength of the leisure business's fourth quarter recovery, returns on corporate investments, and the ability to offset higher net interest expense and weaker touring earnings.