Kelsian Group (KLS) investor relations material

Executive summary

• Achieved record FY26 results with revenue up 8.8% to AUD 2.403 billion and underlying EBITDA up 10.8% to AUD 315.8 million, driven by growth across all geographies and new/existing contracts.

• Over 90% of FY26 revenue was contracted or non-discretionary, supporting predictable and defensive cash flows.

• Strengthened balance sheet, reduced leverage to 2.46x EBITDA, and increased final dividend.

• Advanced strategic priorities, including contract wins, portfolio streamlining, and sustainability initiatives.

• Demonstrated resilience in an inflationary environment, with margin growth and robust operating cash flow.

Financial highlights

• Revenue rose 8.8% year-over-year to AUD 2.403 billion; underlying EBITDA up 10.8% to AUD 315.8 million; underlying EBIT up 14.5% to AUD 155.7 million.

• Underlying NPATA up 17.2% to AUD 111.1 million; statutory NPAT increased 16.6% to AUD 63.5 million, after one-off costs for acquisitions, divestments, and finance system implementation.

• Net operating cash flow grew 7.3% to AUD 220.1 million; cash conversion at 91.4%.

• Fully franked final dividend of AUD 0.10 per share, full-year dividend AUD 0.18 per share (up from 0.175); underlying EPSA up 16.8% to 40.9 cents.

• Net debt at AUD 710.5 million; leverage at 2.46x, within target range.

Outlook and guidance

• FY27 underlying EBITDA guidance set at AUD 320–335 million, including AUD 3.5 million Kangaroo Island mobilization costs and full-year tourism portfolio contribution, pending transaction completion.

• Depreciation forecast at AUD 143 million, amortization AUD 25 million, interest AUD 59 million, effective tax rate 22–25%.

• CapEx guidance for FY27 at AUD 123 million, including AUD 15 million deferred from FY26.

• Growth focus on operational efficiencies, contract extensions, new wins, and expansion in the U.S., U.K., and New Zealand.

• Guidance will be updated upon regulatory approval and completion of the tourism portfolio divestment.