On the Beach Group (OTB) Trading Update summary

Trading performance

• Achieved record total transaction value (TTV) of £1.2bn, up 15% year-on-year, driven by 13% volume growth for Summer 2024.

• Adjusted profit before tax (PBT) is in line with market expectations, despite significant one-off costs from Ryanair integration.

• Exited the year debt free with a strong cash position of approximately £95m, enhancing balance sheet flexibility.

Strategic initiatives and partnerships

• Signed a transformational partnership agreement with Ryanair, improving operational efficiency and unlocking new growth opportunities.

• Successfully launched package holidays in Ireland and enhanced platform capabilities.

Dividend and capital allocation

• Interim dividend reintroduced in May; Board expects to recommend a final dividend in line with capital allocation policy.