On the Beach Group (OTB) Q4 2025 TU earnings summary

Executive summary

• Achieved third consecutive record year of growth, with total transaction value (TTV) up 11% year-over-year to £1.23bn.

• B2C business outperformed the package holiday market, with summer and winter bookings both 12% ahead of last year.

• Expanded product offering to 155 cities and established a presence in the Republic of Ireland.

• Strategic decision made to wind down non-core B2B operations to focus on higher-growth B2C segment.

Financial highlights

• EBITDA margin expected to be approximately 34%, up from 31.7% in FY24.

• Adjusted profit before tax (PBT) on a continuing basis (excluding B2B) expected in the range of £34.5m–£35.5m.

• Exited the year debt free with a strong cash position of around £90m.

• Announced a further £25m share buyback, in addition to £30m already returned to shareholders in FY25.

Outlook and guidance

• Management remains focused on medium-term targets: TTV of £2.5bn, EBITDA of £100m, and Adjusted PBT of £85m.

• Summer 26 bookings reflect a market-wide trend of later bookings, but confidence remains in continued growth.