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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Experience
Experience (EXP) investor relations material
Experience Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 TU earnings summary25 Oct, 2026
Executive summary
Positive start to FY27: Q1 continuing-operations revenue rose 6% YoY to $32.8m and underlying EBITDA rose 20% to $4.8m.
September trading strengthened after weather-impacted August, with revenue growth in both segments and underlying earnings growth led by Skydiving.
Financial highlights
Q1 27 revenue was $32.8m vs. $30.9m in Q1 26; underlying EBITDA was $4.8m vs. $4.0m, and underlying EBIT was $1.7m vs. $1.2m.
Group underlying EBITDA margin improved modestly, as Skydiving operating leverage offset some Adventure Experiences margin pressure.
Outlook and guidance
October Golden Week trading was strong for Skydive Australia and Skydive New Zealand; Reef Unlimited bookings were strong, though regional visitation affected trading.
Treetops Adventure volumes remained below PCP to date, with management focused on yield; New Zealand and both Skydive Australia drop zones had bookings ahead of PCP at quarter-end.
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Latest events from Experience
- Revenue up 2% but profit down; cost controls and divestments support gradual recovery.EXP
H2 2026 - Revenue and profit rose, with New Zealand strength offsetting Australian challenges.EXPH1 2026
- Revenue and EBITDA grew strongly in Q1 FY26, driven by Adventure Experiences and tourism recovery.EXPQ1 2026 TU
- Revenue and EBITDA surged, with strong cash flow and a positive outlook for FY26.EXPH2 2025
- Record sales revenue and EBITDA driven by segment growth and strong forward bookings.EXPQ4 2025 TU
- Revenue and EBITDA hit post-pandemic highs, driven by Adventure and Skydive growth.EXPH2 2024
- Underlying EBITDA up 10% in Q3, with strong April trading and positive free cash flow.EXPQ3 2025 TU
- Record revenue and EBITDA growth, positive net profit, and robust segment performance.EXPH1 2025
Next Experience earnings date
H1 202724 Feb, 2027
Experience
Next Experience earnings date
H1 202724 Feb, 2027
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Frequently asked questions
Experience Co Limited (ASX:EXP), founded in 1999 and initially known as Skydive the Beach, is an adventure tourism company specializing in a wide range of outdoor activities. Its offerings include tandem skydiving, indigenous cultural experiences, multi-day wilderness adventures, rainforest tours, ziplining, and snorkel/dive boat tours to the Great Barrier Reef. The company operates across numerous locations in Australia and New Zealand, providing unique and memorable experiences aimed at adventure seekers. Through strategic acquisitions and expansions, Experience Co has grown significantly, diversifying its adventure experiences beyond skydiving to include a variety of nature-based tourism activities. The company is headquartered in Sydney, New South Wales, and its shares are listed on the Australian Securities Exchange.