Pursuit Attractions and Hospitality (PRSU) investor relations material

Executive summary

• Record Q3 revenue was $251.5M, up 4.4% YoY; Adjusted EBITDA was $125.5M, up 7%, with net income attributable of $82.8M.

• FY 2026 Adjusted EBITDA guidance was reaffirmed at a $133M midpoint and narrowed to $130M–$136M, implying 14% growth at midpoint.

Financial highlights

• Revenue grew 6% YoY excluding the Eagle Wing Tours acquisition and Flyover divestiture; adjusted net income was $85.0M versus $75.3M.

• Adjusted EBITDA margin was 49.9%, up 1.2 percentage points YoY; adjusted EPS was $3.03 versus $2.65, and diluted GAAP EPS was $2.95 versus $2.60.

• Nine-month revenue increased 10.5% to $436.7M; net income attributable was $73.0M versus $48.4M.

Outlook and guidance

• FY 2026 revenue guidance midpoint is $485M; Adjusted EBITDA guidance is $130M–$136M, including $9M–$11M from Tabacón and Eagle Wing Tours and ~$7M from Flyover.

• FY 2026 capex guidance is $103M–$114M: $70M–$80M growth capex and $31M–$36M maintenance capex.

• 2027 growth drivers include existing experiences, completed projects, strong early lodging bookings and Eagle Wing Tours’ full-year contribution of ~ $1M Adjusted EBITDA; core growth is expected to offset Flyover’s ~$7M contribution.

• Vision 2030 targets, excluding Flyover, include revenue above $845M, Adjusted EBITDA above $265M and margin above 30%; the organic project pipeline exceeds $300M.