Experience (EXP) investor relations material

Executive summary

• Revenue from continuing operations grew 5% year-over-year to AUD 67.5 million (or $67.2 million), with underlying EBITDA up 1% to AUD 10.5 million, and net profit after tax rising to AUD 2.6 million or $1.9 million, depending on the source.

• Business performance was largely in line with the prior year, with strong New Zealand results offsetting softer Australian performance amid significant external challenges including weather, cost pressures, and industrial action.

• Sale of Wild Bush Luxury business unit for AUD 5.1 million (or $5.1 million) announced, simplifying the portfolio and freeing management focus, with completion expected in the second half of the financial year.

• Trading was impacted by inconsistent international visitor return, inflationary pressures, elevated outbound travel, volatile weather, and industrial action at key sites.

Financial highlights

• Revenue from continuing operations rose 5% year-over-year to AUD 67.5 million or $67.2 million.

• Underlying EBITDA increased 1% to AUD 10.5 million.

• Net profit after tax reached AUD 2.6 million or $1.9 million, depending on the source.

• Cash and cash equivalents at period end were AUD 8.5 million (or $8.5 million), with net debt rising to $13.3 million.

• Free cash flow declined sharply due to lower operating cash flow and increased maintenance capex.

Outlook and guidance

• Management expects earnings recovery to take longer than previously anticipated due to gradual international tourism return, macroeconomic pressures, and inconsistent domestic demand.

• Focus remains on operational discipline, cost control, pricing and channel strategy review, and organic growth, with ongoing cost-out programs.

• Skydive Australia business unit is under operational review, with outcomes to be shared before FY26 results.

• January 2026 performance was down due to severe weather, but February saw improved bookings despite further disruptions.