Savor (SVR) H2 2025 earnings summary

Executive summary

• Operating earnings for FY25 reached $7.3m, with a net extraction rate of 13%, nearly matching the prior year.

• Revenue declined 8% year-over-year to $56.6m due to reduced foot traffic, but customer spend per head remained steady.

• Net loss after tax was $1.2m, compared to a $0.7m profit last year, mainly from a one-time write-off related to discontinued operations.

• Operational improvements and asset upgrades position the group for recovery as market conditions improve.

Financial highlights

• Operating cash flow increased 11% to $7.1m from $6.4m in the prior year.

• Net cash on hand at year-end was $1.8m, with net debt to operating earnings ratio below 1x.

• Disciplined cost management helped mitigate the impact of lower revenues.

Outlook and guidance

• Trading environment remains uncertain, but gradual relief in cost-of-living pressures is anticipated.

• Strategic investments and new venue openings are expected to drive future growth.

• Strengthened balance sheet provides flexibility for navigating challenges or pursuing growth.