Helloworld Travel (HLO) H1 2025 earnings summary

Executive summary

• 1H FY25 TTV was $2.1b, down 6.9% due to lower customer numbers, shift to mid-haul destinations, and lower airfares.

• Revenue fell 7.6% to $103.8m, with a stable revenue margin of 4.9%.

• Underlying EBITDA dropped 20.2% to $27.2m; profit after tax was $10.8m, down 32.4%.

• EPS declined to 7.1 cents; interim dividend increased 60% to 8.0 cents per share, fully franked.

• Interim dividend declared for March 2025 payment.

Financial highlights

• Revenue margin held at 4.9% despite lower TTV and revenue.

• Interest income rose 17% due to cash management.

• Employee costs increased 8.7% from salary increments and staffing changes.

• Equity accounted investments/profits grew 13.6% year-over-year.

• Cash balance at 31 Dec 2024 was $108.8m, down from $161.9m at June 2024.

Outlook and guidance

• Full year underlying EBITDA forecasted at $56m–$62m.

• Strong forward bookings for calendar 2025.

• Focus on right-sizing staffing, cost discipline, and continued investment in agent networks, technology, and acquisitions.

• No external bank borrowings at period end; strong liquidity maintained.

• No further significant events expected beyond those disclosed.