Flight Centre Travel Group (FLT) AGM 2026 summary

Opening remarks and agenda

• Meeting chaired by Lead Independent Director in absence of Non-Executive Chairman; quorum confirmed and meeting declared open.

• Meeting held virtually in accordance with company constitution and Corporations Act.

• Introductions included non-executive directors, CFO, Company Secretary, and legal and audit representatives.

Strategic initiatives and plans

• Purpose of meeting was to seek approval for divestment of entire shareholding in Pedal Group Proprietary Limited.

• Divestment aligns with ongoing portfolio reshaping, focusing on core travel sectors and divesting non-core assets.

• Proceeds from the sale to be redeployed into growth initiatives aligned with core strategy.

Financial performance review

• Sale of Pedal Group stake for AUD 61.7 million, structured as AUD 26.7 million to Turner family entities and AUD 35 million buyback by Pedal Group.

• Transaction expected to generate a one-off accounting gain of approximately AUD 15 million, with no cash tax liability anticipated.

• Combined with earlier asset sales, over AUD 80 million in cash generated, representing about 4% of market capitalization.