Flight Centre Travel Group (FLT) investor relations material

Executive summary

• Achieved record first half with TTV of $12.54b (up 7.3%), revenue of $1.41b (up 6.1%), and underlying EBITDA up 9.1% to $213m.

• Underlying profit before tax rose 4% to $125m, exceeding expectations for a flat first half.

• Corporate division delivered record TTV and 20% profit growth, with strong productivity and digital innovation.

• Leisure segment saw TTV up 10% to nearly $6b, with profit slightly below prior year but rebounding in January.

• Continued investment in AI, digital platforms, and productivity initiatives, driving operational leverage and customer experience.

Financial highlights

• TTV grew 7.3% year-over-year to $12.54b; revenue up 6.1% to $1.41b.

• Underlying EBITDA increased 9.1% to $213m; underlying PBT up 4% to $125m.

• EPS rose to 28.3c per share; interim dividend increased 9% to 12c per share.

• Corporate TTV up 6%, profit up 20%; leisure TTV up 10%, profit slightly below prior year but rebounded in January.

• HQ segment reported increased losses due to lower interest income and capital management.

Outlook and guidance

• FY26 underlying PBT guidance reaffirmed at $315m–$350m, implying 15% year-on-year growth.

• Second half expected to deliver higher earnings, with both corporate and leisure divisions tracking for profit growth.

• CapEx for FY26 remains at $85m, focused on systems and technology.

• Early 2H trading shows record leisure profit and TTV in January 2026.

• Cautious optimism due to ongoing macro volatility and conservative guidance skew.