Webjet Group (WJL) AGM 2026 presentation summary

Strategic and financial performance

• Delivered on strategic priorities and capital management despite challenging macroeconomic conditions, including geopolitical uncertainty and softer consumer confidence.

• Bookings declined 9% year-on-year, but revenue remained flat and EBITDA margin was strong at 33.6%.

• Executed a turnaround program, achieving operating leverage and earnings growth, especially in Cars & Motorhomes.

• Completed integration of acquisitions and shifted to a higher-margin, direct-to-business contract model.

• Maintained a robust net cash position of $93.9m, excluding restricted cash.

Segment highlights

• Webjet OTA retained its position as the #1 online travel agent in Australia & New Zealand, with 1.1 million bookings and $1.2 billion TTV.

• Cars & Motorhomes saw bookings down 7% and 1% respectively, but operational improvements led to EBITDA growth to $4.3m.

• Webjet Business Travel completed integration, rebranding, and launched new features, with a 25% increase in bookings and TTV year-to-date.

Investment and innovation

• Enhanced product offerings and customer experience, including predictive AI pricing and expanded ancillary revenue streams.

• Launched new app for Cars, increased automation, and expanded affiliate networks to drive scale and diversification.

• Business Travel introduced over 90 new product features and leveraged AI for rapid development.