Coast Entertainment Holdings (CEH) AGM 2025 summary

Opening remarks and agenda

• Meeting held in hybrid format at Dreamworld, with opening addresses from the Chairman and CEO, and both in-person and virtual attendees welcomed.

• Introduction of board members, executive team, and auditor; confirmation of quorum and meeting format.

Financial performance review

• Operating revenue reached $96.4 million, the highest since FY 2016, with a 10.8% year-on-year increase; ticket sales rose 10.5% and visitation 11.2%, both above pre-COVID levels.

• Consolidated EBITDA up 275% year-on-year, with EBITDA excluding specific items up 19.4% to $8.8 million, the highest since FY16.

• Net loss from continuing operations improved by $9.9 million to $0.1 million.

• Deferred revenue increased by 4.8% to $12.7 million, reflecting growth in annual passholders.

• FY 2026 YTD: ticket sales up 54%, visitation up 35%, and operating revenue up 20% in the first four months.

Strategic initiatives and plans

• Major investments in new attractions, including Jungle Rush, Murrissippi Motors, Jane's Rivertown Restaurant, and King Claw, with Rivertown precinct opened on time and within budget.

• Enhanced marketing and partnerships, such as Big Brother with Network 10 and Endemol Shine, and WILD with Australian Geographic, to boost brand visibility and wildlife education.

• Land development application called in by the state government, with ongoing assessment of future use and value creation.

• Focus on leveraging property assets, tax losses, and brand strength for long-term value; no intention to become a property developer, preferring partnerships.

• Conferences and events business exceeded previous best year, with further digitization and growth planned.