WEB Travel Group (WEB) AGM 2025 summary

Opening remarks and agenda

• Meeting opened by the Chair, confirming quorum and adherence to the published agenda.

• Hybrid format enabled both in-person and online participation, with introductions of directors and key management.

• Outlined meeting structure: business update, formal business, and voting on six resolutions.

• Managing Director presented the AGM, outlining the group's performance and strategic direction for FY25.

Financial performance review

• FY25 marked by the demerger of the B2C division, focusing on the B2B Webbeds business.

• Bookings up 20% to 8.4 million, TTV up 22% to $4.9 billion, revenue up 1% to $328.4 million.

• Underlying EBITDA down 13% to $120.6 million, NPAT down 22% to $79.2 million.

• EBITDA declined 14% to $138.8 million due to higher costs and flat revenue.

• Cash position at $363.6 million post-demerger, with corporate costs of $18.2 million.

Board and executive committee updates

• Farewell to directors Katrina Barry and Don Clark following the demerger.

• New directors Rachel Wiseman, Melanie Wilson, and Paul Scurrah joined in 2025, with confirmation of appointments sought at the AGM.

• Brad Holman announced departure after 11 years of service.