Full Year 2025 EVT Ltd Earnings Call Transcript
Key Points
- Group normalized revenue increased to $1.2 billion, driven by Hotels & Resorts, Entertainment Australia, Thredbo, and Property.
- Group normalized EBITDA rose to $160.8 million, showcasing resilience despite market challenges.
- The Hotels division achieved a record EBITDA of over $106 million, indicating strong performance.
- The company declared a fully franked final dividend of $0.22 per share, reflecting confidence in future growth.
- The acquisition of Pro-Invest Best Hotels is expected to unlock future growth potential in the Hotels division.
- The impact of ex-tropical cyclone Alfred resulted in an estimated EBITDA loss of around $3 million.
- The Entertainment division faced a 4.8% decline in admissions due to the 2023 Hollywood strikes.
- New Zealand's market underperformed, with a reported EBITDA loss of $1.9 million.
- The closure of Rydges Queenstown for renovations impacted EBITDA by around $1 million.
- The German market was affected by a heatwave and unfamiliarity with certain blockbuster films, impacting admissions.
Thank you for standing by and welcome to the EVT Limited year-end results. (Operator Instructions)
I would now like to hand the conference over to Ms. Jane Hastings, Chief Executive Officer. Please go ahead.
Hi, everyone. Thanks for joining the call today. Before we get started, I'd like to acknowledge the traditional custodians of the land I'm speaking to you from this afternoon, the Gadigal people of the Eora Nation.
I'd like to pay my respects to elders, past and present, and I'd like to acknowledge any and all average on TeraStraght Island of people joining us today. We'll start by looking at group performance for FY25. Group normalized revenue for the year was $1.2 billion, up $15.6 million on prior year, driven by Hotels & Resorts, Entertainment Australia, Thredbo and Property.
Group normalized EBITDA was $160.8 million, up $9.5 million. We're really pleased with the group result, particularly when considering the several key market
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