Webjet Group (WJL) H1 2026 earnings summary

Executive summary

• Demonstrated resilience and disciplined execution amid challenging market conditions, with Underlying EBITDA down 9% to $14.4 million and Underlying NPAT up 16% to $7.8 million year-over-year.

• Statutory NPAT increased 51% to $6.2 million, reflecting strong cost control and strategic investment.

• Maintained a strong balance sheet with net cash of $111.9 million, no debt, and net assets of $150.2 million.

• Declared inaugural fully franked interim dividend of 2.0 cents per share, representing a 100% payout of Underlying NPAT, exceeding the target payout range.

• Advanced strategic initiatives, including the Locomote acquisition and a major brand refresh, accelerating business travel and marketing efforts.

Financial highlights

• Bookings fell 8% to 724,000, TTV declined 3% to $726 million, and revenue was $67.9 million, down 1% year-over-year.

• Revenue margin improved to 9.4% due to focus on higher-margin products and international flights.

• Underlying EBITDA margin at 21.2%, down from 23.1% due to investment in strategic initiatives.

• Cars & Motorhomes EBITDA rose to $1.0 million (up 400%), with expenses down 13% due to automation and cost optimization.

• Diluted EPS for 1H26 was 2.0 cents, up from 1.7 cents in 1H25.

Outlook and guidance

• FY26 Underlying EBITDA expected between $30 million and $32 million, a 9–14% decrease year-over-year, excluding Locomote and further trading deterioration.

• Ongoing subdued domestic leisure market and elevated airfares expected to persist.

• Focus remains on executing the FY30 Strategic Plan, with disciplined capital deployment and long-term shareholder value.