Full Year 2025 Web Travel Group Ltd Earnings Call Transcript
Key Points
- Web Travel Group Ltd (WEJTY) reported a strong cash position with $363 million on hand, providing financial stability.
- The company achieved a 22% increase in Total Transaction Value (TTV), reaching $4.9 billion, indicating robust business growth.
- Bookings for the year increased by 20% to 8.4 million, showcasing strong demand and market presence.
- The company has successfully implemented accounting changes that resulted in higher margins in the second half of the year.
- Web Travel Group Ltd (WEJTY) is investing in directly contracted inventory, particularly in Asia Pacific and the Americas, to drive future growth and improve margins.
- Revenue was disappointing at $328.4 million, impacted by several factors including incentive agreements and trading misunderstandings.
- EBITDA decreased by 14% compared to the previous year, primarily due to lower TTV margins and higher expenses.
- The company experienced challenges with its supply mix, selling a higher percentage of third-party inventory, which affected margins.
- There was a misunderstanding of the impact of trading during the European summer, leading to a business restructure.
- The post-demerger restructuring was intense, occupying senior management and affecting focus on the underlying business.
Thank you for standing by, and welcome to the Web Travel Group Limited FY25 results briefing. (Operator Instructions) I would now like to hand the conference over to Mr. John Guscic, Managing Director. Please go ahead.
Thank you, Harmony, and welcome to the FY25 results presentation for the Web Travel Group. Joining me today is our CFO, Mr. Tony Ristevski. Well, a lot can happen in 12 months. And obviously, it's our first full year results in which we have demerged the business, and we've separated out Webjet from the Web Travel Group. And my major goal in today's presentation is not to accidentally refer to us as Webjet because that would be breaking the habit of 14 years.
So the demergers occurred as of September 30 of 2024, and we will talk about everything as if the company had been split for the entire year. And if we move to slide 4, under the group summary, you'll see that our underlying EBITDA for the group is at $120.6 million, underlying NPAT $79.2 million, cash on hand
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
