Flight Centre Travel Group (FLT) investor relations material

Executive summary

• Achieved record total transaction value (TTV) of $25.7b, with year-over-year growth in both leisure and corporate sectors.

• Underlying EBITDA increased 3.9% year-over-year to $466m, with productivity gains and cost reductions supporting performance.

• Statutory NPAT rose 38% to $149m, while EPS surged 43% to 71c, supported by disciplined capital management and share buy-backs.

• Q4 was significantly disrupted by the Middle East conflict, impacting both leisure and corporate segments and resulting in a $60m profit impact in leisure.

• Strategic investments in AI, digital platforms, and loyalty programs are driving operational efficiency and customer engagement.

Financial highlights

• Underlying EBITDA up 3.9% to $466m; statutory EBITDA up 8% to $431m.

• Leisure TTV grew 7.4% to $12.6b, with Iglu acquisition contributing $500m and organic growth at 3%.

• Corporate TTV up 2.9% to $12.7b, with underlying PBT up 28% to $240m and record revenue.

• Operating cash inflows doubled to $278m, reflecting improved working capital cycles.

• Share buy-back of $200m completed, with a new $200m program initiated.

Outlook and guidance

• FY27 started strongly with record July TTV and profit, especially in leisure; US and UK bookings rebounding.

• Corporate profits expected to be second-half weighted due to front-loaded investments, ongoing Middle East instability, and timing of new accounts.

• Formal FY27 guidance to be provided at the AGM in November.

• Customer sentiment remains strong, with most corporate clients expecting to maintain or increase travel budgets.