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Serko (SKO) investor relations material
Serko AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Chair welcomed shareholders in person and online, outlined voting procedures, and confirmed quorum was met.
Notice of meeting was sent on May 22, 2025, and the agenda included performance review, Q&A, and formal business.
Chair Claudia Batten welcomed attendees and outlined the meeting agenda, including addresses from the Chair and CEO, shareholder Q&A, formal business, and general business discussions.
Financial performance review
Total income for FY25 increased by 27% to NZD 90.5 million, with total spend up 10% to NZD 92.7 million and operating expenses up 20% to NZD 107.6 million.
Positive EBITDA of NZD 2.8 million, a NZD 4.3 million improvement; net loss after tax was NZD 22 million due to one-off costs and GetThere impairment.
Free cash flow improved by NZD 5.2 million, narrowing net outflow to NZD 1.9 million; pre-acquisition business generated NZD 7.4 million positive free cash flow.
Booking.com for Business partnership drove room nights from 300,000 in 2022 to 3.3 million in 2025, with completed room nights and active customer numbers up 29%.
Australasian travel revenue grew 18%, supported by a 12% increase in average revenue per booking and a 6% rise in online bookings.
Board and executive committee updates
Clyde McConaghy will not stand for re-election; Sean Gourley to become Chair of the People, Remuneration and Culture Committee.
Board succession and ongoing capability strengthening highlighted as priorities, with plans to appoint a new independent director with global travel tech experience.
Board priorities for FY25 focused on data-led business, talent growth, capital management, and governance improvements.
FY26 board priorities include capital management, board succession, strategy execution, AI governance, and global workforce integration.
Board approved a NZD 40 million acceleration investment for platform development and oversaw the renewal of the Booking.com partnership and North American expansion.
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