Full Year 2026 Serko Ltd Earnings Call Transcript

May 19, 2026 / 11:00 PM GMT

Release Date Price: $1.02

Transcript

Key Points

Positve

Total income grew by 34% to $120.9 million, driven by strong momentum in Booking.com for business and the first full year of Get There revenue.
EBITDAFI increased by 137% to $6.5 million, showcasing strong operating leverage.
Serko Ltd (SERKF) remains the market leader in Australasia, with continued growth in Booking.com for business.
The company is leveraging its IT and experience to drive rapid progress, with Circo AI now in closed beta in the U.S.
Serko Ltd (SERKF) has a strong balance sheet with $54.1 million in cash and no debt, providing resilience and optionality.

Negative

Free cash flow was negative $4.4 million due to increased investment in strategic initiatives.
Average revenue per completed room night decreased by 4% to EUR9.25, reflecting broader market pricing trends.
Total spend was at 102% of total income, indicating high costs relative to income.
Net loss after tax was $17.7 million, despite improvements from the previous year.
The company faces uncertainty and volatility in economic and geopolitical conditions, which could impact business travel demand.

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

SKO.NZ - Serko Ltd
Full Year 2026 Serko Ltd Earnings Call
May 19, 2026 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and welcome to the Circle FY26 Full Year Results Announcement.

Today's conference is being recorded.

At this time, I'd like to turn the conference over to Mr. Darren Grafton, CEO. Please go ahead.

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Unidentified_2 [2]
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Good morning, everyone, and thanks for joining our investor briefing for FY26 financial results.

I'm Darren Grafton, CEO of Serco, and I'm joined by our CFO, Shane Sampson, and our COO, Matthew Geary.

Let's begin on slide 4.

This morning, I'll take you through our performance and highlights for the

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