Full Year 2025 Experience Co Ltd Earnings Call Transcript
Key Points
- Experience Co Ltd (ASX:EXP) reported a revenue increase to $134 million and an underlying EBITDA of $19.3 million, marking a significant improvement in financial performance.
- The company declared a fully franked dividend of $0.25, the first since FY18, reflecting confidence in future performance.
- The skydive segment showed strong recovery with a 27% growth in underlying EBITDA, driven by improved volumes and site efficiencies.
- The adventure experiences segment reported a 7% revenue growth, with Treetops Adventure and Reef Unlimited leading the performance.
- Experience Co Ltd maintained a strong balance sheet with a closing cash balance of $11.1 million and net debt of $10.9 million, supporting future growth initiatives.
- The company reported a statutory loss after tax of $1 million due to a goodwill impairment of $3.1 million in the Wild Bush Luxury segment.
- May and June trading months were disappointing, impacted by adverse weather conditions affecting operations.
- The gradual return of international visitation was slower than anticipated, affecting overall growth.
- The company is still in the recovery phase post-pandemic, with some domestic activity slower than expected due to cost of living pressures.
- Experience Co Ltd faces ongoing challenges with weather-related disruptions, particularly impacting skydiving and marine operations.
Thank you for standing by and welcome to Experience Co Limited's FY25 results conference call. All participants are in a listen-only mode. If you wish to ask a question, you will need to press the star key, followed by the number 1 on your telephone keypad.
I would now like to hand the conference over to CEO John O'Sullivan. Please go ahead.
' -
Hey Travis. Good morning, ladies and gentlemen. Welcome to the Experience Co FI25 results teleconference.
With me this morning is Gavin Yates, our CFO, and this morning we'll run through the investor presentation highlights that was uploaded to the ASX platform early last evening. As per previous presentations, the format of today will be the same. I'll provide some introductory comments. Gavin will take you through the financial results in a bit more detail. And I'll make some closing remarks on the outlook of the group, and then we're happy to take your questions.
Turning now to page 5 of the of
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