Half Year 2026 Serko Ltd Earnings Call Transcript
Key Points
- Serko Ltd (ASX:SKO) achieved its strongest half-year performance ever, with a 45% increase in total income to $61.8 million.
- The company delivered its highest ever EBITDAFI result of $6.1 million, showcasing strong operational performance.
- Serko Ltd (ASX:SKO) generated $3 million in free cash flow, indicating strong cash-generating capabilities.
- The integration of GetThere has been successful, stabilizing the customer base with low churn and exceeding revenue expectations.
- Serko Ltd (ASX:SKO) has a strong balance sheet with $65 million in cash and no debt, providing financial stability for future investments.
- The company experienced a net loss after tax of $9.5 million, an increase of $4.4 million from the previous period.
- There was a $2 million non-cash accounting loss on the sale of InterplX, impacting overall profitability.
- Serko Ltd (ASX:SKO) faced challenges in achieving targeted US sales, with a shift in Sabre's focus affecting direct corporate sales.
- The macroeconomic headwinds in Europe led to a decrease in completed room nights frequency per active customer.
- Foreign exchange losses amounted to $3.7 million due to the appreciation of the euro against the New Zealand dollar.
Good day, and welcome to the Serko FY26 interim results announcement. Today's conference is being recorded.
At this time, I would like to turn the conference over to Mr. Darrin Grafton. Please go ahead, sir.
Good morning from Auckland, New Zealand, and thanks for joining our investor briefing covering Serko's results for the half year ending September 30, 2025. I'm Darrin Grafton, CEO of Serko, and I'm with our CFO, Shane Sampson. This morning, I'll take you through our performance and highlights for the half year period. I'll then hand to Shane to cover our financial results in detail. Then, I'll talk through how we're positioning Serko for the future growth, our outlook and finishing with Q&A.
As always, unless otherwise stated, comparisons are made to previous half year period 1H FY25. And let's begin on slide 5. This is Serko's strongest half-year performance ever on both revenue and EBITDAFI. This was due to disciplined execution and our focus on
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