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Serko (SKO) investor relations material
Serko H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total income grew 34% year-over-year to $120.9 million/NZD 120.9 million, driven by Booking.com for Business, strong Australasian performance, 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 19% to $17.7 million, with total spend maintained near-parity to income.
Booking.com for Business completed room nights rose 31% to 4.3 million, with active customers up 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.
Operating expenses increased 23% to $132.4 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.
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, including Middle East conflict.
Booking volumes at the start of FY27 are slightly ahead of expectations.
- Total income up 45% to $61.8M, EBITDAFI at $6.1M, and net loss widened to $9.5M.SKO
H1 202612 Jun 2026 - Income up 27% to NZD 90.5M, positive cash flow, and strong FY26 outlook at NZD 115–123M.SKO
H2 202512 Jun 2026 - Income up 18% to $42.7M, positive cash flow, and US expansion via GetThere acquisition.SKO
H1 202512 Jun 2026 - AI innovation and US market focus underpin growth toward a $250m FY30 income goal.SKO
Investor Day 20269 Mar 2026 - Strong FY24 growth, renewed Booking.com deal, and data-driven global strategy set for FY25.SKO
AGM 20243 Feb 2026 - Strong growth, platform investment, and North American expansion drive future strategy.SKO
AGM 20258 Nov 2025 - Aiming for $250m income by FY30, Serko accelerates global growth with platform and US expansion.SKO
Investor Day 202413 Jun 2025
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