Full Year 2025 Webjet Group Ltd Earnings Call Transcript
Key Points
- Webjet Group Ltd (ASX:WJL) reported a solid EBITDA of $39.4 million, reflecting resilience in a challenging consumer environment.
- The company has a strong cash position with $118 million, supporting growth ambitions and potential M&A opportunities.
- International bookings increased by 11% compared to FY24, driven by strategic focus and initiatives like the member program and Trip Ninja technology.
- The Cars and Motorhome division showed significant improvement, with EBITDA increasing from $200,000 in the first half to $1.6 million for the full year.
- Webjet Group Ltd (ASX:WJL) plans to commence sustainable ordinary dividends from FY26, with a target payout ratio of 40% to 60% of underlying net profit after tax.
- Domestic bookings are down 11% due to ongoing cost of living pressures and the impact of REX airlines' administration.
- FY25 revenue decreased by 1% compared to FY24, reflecting challenges in the domestic flights market.
- The decision to delay the on-market buyback due to recent corporate activity and market conditions may impact shareholder confidence.
- Trip Ninja reported a $2.8 million loss for FY25, reflecting higher headcount costs as the company continues to build out its technology.
- The company anticipates FY26 to be a transition year with significant investment, leading to an expected EBITDA in line with FY25, indicating limited short-term profit growth.
Thank you for standing by and welcome to the Webjet Group Limited FY25 results briefing. All participants are in listen only mode. (Operator Instructions)
I would now like to hand the conference over to Katrina Barry, Managing Director. Please go ahead.
Well, thank you, operator, and good morning everybody and thank you for your time today. Joining me is Layton Shannos, and today we're delighted to be able to talk you through our FY25 results for the Webjet Group. Firstly, as well many of you are aware of our demurger last year, I just want to take a moment to reinforce the key details. So Webjet Group, demerged from the larger listed entity Webjet Limited, now known on September 30 last year. And Webjet Group, that's us, became a separately listed entity in its own right on October 1, 2024. And today we're about to present our first full year results as a standalone company.
But before that, I'd like to address the recent corporate activity and lots of conversations surrounding
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