Half Year 2026 Coast Entertainment Holdings Ltd Earnings Call Transcript
Key Points
- Coast Entertainment Holdings Ltd (ASX:CEH) reported a solid performance for the half year ended 30 December 2025, with strong momentum from strategic investments.
- Theme Parks and Attractions business delivered strong growth, with ticket sales up 47%, visitation up 44%, and operating revenue rising 30% to $62.2 million.
- EBITDA, excluding specific items, increased to $8.7 million, up 368% over the prior period, highlighting strong operating leverage.
- The company holds a strong balance sheet with $37.6 million in cash, no drawn debt, and $134 million of available tax losses.
- New attractions like Rivertown and King Claw have driven higher attendances and repeat visitation, contributing to strong engagement and positive brand exposure.
- The statutory results include an additional week of trading, which may skew year-on-year comparisons.
- The prior period's results included one-off storm-related insurance proceeds, complicating direct comparisons.
- International visitation is still recovering, with Gold Coast inbound travel at 60% of pre-COVID levels and China's visitation at only 22%.
- Corporate costs increased slightly to $2.5 million, although they remain below historical levels.
- The company faces ongoing challenges in the retail and discretionary spending sectors, which could impact future performance.
Good morning, everyone. Thank you for joining us today for our presentation of the FY26 half-year results for Coast Entertainment Holdings Limited. My name is Gary Weiss, Chairman of Coast Entertainment, and I'm joined today by our Chief Executive Officer, Greg Yong, and our Chief Financial Officer, Jose de Sacadura.
Turning to slide 2. I'll begin with a brief overview of the group's key highlights for the period before handing over to Jose and Greg to take you through the financial results and operating performance in more detail.
Turning to slide 3. As outlined in our preliminary trading update to the market on 21 January, the group is pleased to report a solid performance for the half year ended 30 December 2025, reflecting strong momentum, which has continued to build from strategic investments and initiatives we have delivered over recent years.
It is worth noting upfront that FY26 is a 53-week year. And as such, the statutory first half results reflect 27 weeks of trading compared to 26
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