Q4 2025 Pursuit Attractions and Hospitality Inc Earnings Call Transcript

Feb 25, 2026 / 10:00 PM GMT

Release Date Price: $36.57 (-0.05%)

Transcript 10-K8-K

Key Points

Positve

Pursuit Attractions and Hospitality Inc (PRSU) achieved record-breaking results in 2025 with a 23% increase in revenue, reaching $452 million.
The company executed strategic acquisitions, including Tabacon in Costa Rica, and entered into an agreement to sell Flyover, enhancing long-term shareholder value.
Pursuit introduced Vision 2030, targeting significant growth with a revenue goal of over $845 million by 2030, driven by a proven strategy and strong balance sheet.
The company reported a 52% surge in adjusted EBITDA, with margins expanding to 26%, showcasing the scalability of their business model.
Pursuit's focus on guest experience led to increased visitor numbers and higher guest satisfaction scores, driving strong demand across their iconic destinations.

Negative

Net income attributable to Pursuit decreased significantly from $368.5 million in 2024 to $22.7 million in 2025, primarily due to the sale of GES.
The company anticipates some weather normalization in 2026, which could impact performance compared to the near-perfect conditions experienced in 2025.
Pursuit's growth capital expenditures are expected to cause temporary disruptions during seasonally slow periods, potentially affecting short-term results.
The sale of Flyover is expected to close in spring 2026, which may impact revenue and EBITDA figures until the transaction is finalized.
The company faces challenges in predicting the exact timing and impact of future acquisitions, which could affect their long-term growth targets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PRSU.N - Pursuit Attractions and Hospitality Inc
Q4 2025 Pursuit Attractions and Hospitality Inc Earnings Call
Feb 25, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. My name is Matt and I'll be your conference operator today. At this time, I would like to welcome everyone to pursue's 2025 4th quarter and full year earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you'd like to ask a question during this time, simply press star, followed by the number 1 on your telephone keypad.

If you would like to withdraw your question, press the star key.

Thank you, Harry Long, you may begin the conference.

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Unidentified_2 [2]

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