Experience (EXP) Q1 2026 TU earnings summary

Executive summary

• Q1 FY26 unaudited revenue increased by 8% and underlying EBITDA grew by 17% compared to the prior corresponding period (PCP).

• Performance was driven by Adventure Experiences, especially Reef Unlimited, while Skydiving followed typical seasonal winter trends.

• Strong July trading was followed by weather-impacted August and September; booking levels improved with inbound tourism and domestic sentiment.

• A fully franked dividend of 0.25 cents per share was paid on 26 September 2025.

• Over $2 million in annualized cost-out initiatives identified, targeting earnings improvement over the next 12 months.

Financial highlights

• Group sales revenue reached $33.3 million, up 8% year-over-year.

• Underlying EBITDA was $4.2 million, up 17% from Q1 FY25.

• Skydiving revenue grew 4% to $12.1 million; Adventure Experiences revenue rose 11% to $21.3 million.

• Golden Week holiday bookings were up ~5% in Australia and ~25% in New Zealand versus PCP, though weather impacted processing.

Outlook and guidance

• Improvement in booking levels is expected to continue, supported by inbound tourism and positive domestic consumer sentiment.

• Cost-out program is expected to progressively benefit earnings over the next year.