Coast Entertainment Holdings (CEH) H1 2026 TU earnings summary

Executive summary

• Solid first half performance driven by strong results in Theme Parks & Attractions, with momentum from new attractions and effective marketing campaigns.

• Record ticket sales and visitation, with Dreamworld achieving new daily attendance highs during peak periods.

• SkyPoint achieved record revenues despite international visitation remaining below historical levels.

Financial highlights

• Ticket sales increased 46.6% year-over-year (38.0% like-for-like), surpassing previous peak levels.

• Total visitation up 44.4% year-over-year (32.4% like-for-like), with strong guest satisfaction maintained.

• Operating revenue reached $62.2 million, up 30.2% year-over-year (21.8% like-for-like), exceeding FY16 benchmarks.

• Deferred revenue rose 42.8% compared to the previous year-end, reflecting a shift to more annual passes.

• Cash balances increased to $37.6 million as of 30 December 2025, up $3.7 million from 24 June 2025.

Outlook and guidance

• Substantial uplift in EBITDA (excluding Specific Items) expected for 1H26 due to strong revenue growth and cost leverage.

• Positive trading trends continued into January 2026, with ongoing growth in ticket sales and visitation.

• Management remains cautious amid challenging macroeconomic conditions affecting consumer discretionary sectors.