Experience (EXP) Q4 2025 TU earnings summary

Executive summary

• Achieved strongest sales revenue and underlying EBITDA since FY19, with both operating segments growing year-over-year.

• Positive July 2025 trading with all key business units on track to exceed prior year volumes based on forward bookings.

• Management focused on free cash flow generation, resulting in positive free cash flow for the period.

Financial highlights

• Q4 FY25 sales revenue rose 5% to $31.3M compared to Q4 FY24; FY25 revenue up 6% to $134.3M year-over-year.

• Underlying EBITDA for Q4 FY25 increased 37% to $3.3M; FY25 underlying EBITDA up 34% to $19.3M year-over-year.

• Revenue growth reported across all business units, with improved average revenue per customer mitigating softer trading volumes.

Outlook and guidance

• Forward bookings indicate all key business units are on track to exceed prior year total volume in July 2025.

• Ongoing focus on efficiency gains, organic growth initiatives, and international tourism recovery expected to support future performance.