Coast Entertainment Holdings (CEH) H2 2025 earnings summary

Executive summary

• FY 2025 marked a year of transformation and momentum, with strong performance despite sector challenges and successful delivery of strategic initiatives and capital investments.

• Achieved second consecutive year of positive consolidated EBITDA growth, with strong trading momentum continuing into FY26.

• The opening of Rivertown and other new attractions, including Jungle Rush and Jane's Rivertown Restaurant, drove higher guest satisfaction and visitation.

• The business demonstrated resilience, overcoming weather-related disruptions and macroeconomic headwinds, and is positioned for continued growth.

• Solid start to FY26 with ticket sales up 66% and visitation up 38% in July 2025, supported by successful promotional campaigns.

Financial highlights

• Operating revenue reached $96.4 million, up 10.8% year-over-year, the highest in nine years.

• EBITDA (excluding specific items) at group level improved 275% to $4.1 million; theme parks and attractions EBITDA rose 19.4% to $8.8 million.

• Net loss from continuing operations narrowed to $0.1 million, a $9.9 million improvement from FY 2024.

• Deferred revenue increased 4.8% to $12.7 million, reflecting strong annual pass sales.

• Cash on hand at year-end was $33.9 million, with no debt and $139.2 million in available tax losses.

Outlook and guidance

• Strong trading momentum has continued into FY 2026, with record July and August visitation and revenue.

• Development CapEx is expected to moderate, with $8 million planned for FY 2026, mainly for King Claw completion.

• Ongoing investment in new attractions and customer service expected to sustain growth as macroeconomic conditions improve.

• Anticipated upside as international tourism recovers and new attractions open.

• International visitation remains below pre-pandemic levels, representing a significant opportunity for future growth.