WebBeds Group (WEB) AGM 2026 summary

Opening remarks and agenda

• Welcome extended to attendees, with an overview of the meeting's focus on results, business robustness, and future growth objectives to outpace the travel industry growth rate.

• Managing Director presented the AGM, outlining the group's FY26 performance and strategic direction.

Financial performance review

• TTV increased 21% to $5.8 billion, with revenue up 20% to $394.1 million, reflecting market share gains and improved take rate.

• EBITDA for the trading business rose 24% to $172.7 million, and overall EBITDA was $148.4 million, up 23%.

• Underlying NPAT reached $85.9 million, up 8%, and EPS increased 16% to $0.238.

• Cash on hand at year-end was $448.1 million, with 107% cash conversion and significant free cash after debt.

• TTV margins improved to 6.8% for FY26, with 2H26 margin at 7.1%.

Strategic initiatives and plans

• Growth strategy centers on exceeding industry growth rates, adding new customers and supply, and driving higher conversion rates with existing clients.

• AI-driven initiatives enhanced conversions, pricing, and customer experience, with 40% of products AI-priced and 50% of TTV growth attributed to conversion improvements.

• Booking efficiency per FTE is 2.5x higher than in 2019, with automation and workflow enhancements reducing customer service requests by 38%.

• WebBeds positioned as a key infrastructure provider for AI-driven travel, supporting over 8.5 billion searches per day and integrating with 65+ wholesalers.

• The business model is evolving from B2B to B2A (Business-to-Agent), leveraging AI agents for incremental booking opportunities.