Serko (SKO) investor relations material

Executive summary

• Total income grew 34% year-over-year to $120.9 million, driven by Booking.com for Business and the first full year of GetThere revenue.

• EBITDAFI increased 137% to $6.5 million, reflecting improved operating leverage and efficiency.

• Net loss after tax narrowed by $4.2 million to $17.7 million, a 19% improvement.

• Booking.com for Business completed room nights rose 31% to 4.3 million; active customers increased 36% to 301,000.

• Strategic focus is on scaling Booking.com for Business, launching Serko.ai, and targeting U.S. corporate segments.

Financial highlights

• Total income grew 34% year-over-year to $120.9 million, with GetThere contributing $16.1 million.

• Total spend increased 33% to $122.9 million, mainly due to GetThere and platform investment.

• Free cash flow was negative $4.4 million, reflecting higher investment and GetThere settlement.

• Cash and short-term deposits stood at $54.1 million with no debt at year-end.

• EBITDAFI margin improved to 5% from 3% year-over-year.

Outlook and guidance

• FY27 total income expected between $128 million and $134 million, with spend forecast at $132 million–$140 million.

• Guidance reflects resilient business travel demand but acknowledges macroeconomic and geopolitical uncertainties, especially from Middle East conflict.

• Strong start to FY27 with booking volumes slightly ahead of expectations.