Webjet Group (WJL) investor relations material

Executive summary

• Demonstrated resilience and disciplined execution amid challenging domestic and travel sector conditions, with continued investment in strategic growth initiatives and a major brand refresh.

• Underlying EBITDA decreased 9% year-over-year to AUD 14.4 million, while statutory NPAT increased 51% and Underlying NPAT rose 16% to AUD 7.8 million, reflecting underlying business health and cost discipline.

• Maintained a strong balance sheet with net cash of AUD 111.9 million, no debt, and net assets at AUD 150.2 million.

• Declared inaugural fully franked interim dividend of AUD 0.02 per share, representing 100% payout of underlying NPAT, exceeding the target payout range.

• Strategic plan execution accelerated, including the acquisition of Locomote and launch of business travel offerings.

Financial highlights

• Bookings fell 8% to 724,000, TTV declined 3% to AUD 726 million, and revenue was stable at AUD 67.9 million, with revenue margin improving to 9.4%.

• Underlying EBITDA decreased 9% to AUD 14.4 million; statutory EBITDA down 7% to AUD 11.7 million.

• Underlying NPAT rose 16% to AUD 7.8 million; statutory NPAT up 51% to AUD 6.2 million.

• EBITDA margin at 21.2%, down from 23.1% due to investment in strategic initiatives.

• Operating cash flow impacted by a AUD 9.1 million ACCC payment and timing of BSP settlements; underlying cash conversion at 98%.

Outlook and guidance

• FY26 Underlying EBITDA forecasted at AUD 30–32 million, 9–14% below prior year, excluding Locomote and further trading deterioration.

• Expecting continued subdued domestic market and elevated airfares in the second half of FY2026.

• Ongoing investment in the FY2030 strategic plan, with a focus on disciplined capital deployment and long-term shareholder value.

• Continued focus on maximising franking credit distribution, including special dividends above target payout ratio.