Helloworld Travel Limited (ASX: HLO) has updated its FY25 guidance and is now expecting Underlying EBITDA between $58.0-$62.0M reflecting an improvement from earlier forecasts. Margins improved slightly despite a slight year on year decline in passenger total transaction value due to fewer customers and a shift from long-haul to mid-haul destinations and costs were well managed. Cruise sales and the Ready Rooms business showed strong growth and forward bookings remain robust through 2025 and into 2026.
The company continues investing in proprietary technology and network retention with over 96% of agents re-signing across Australia and New Zealand. Helloworld maintains a strong balance sheet with no bank debt and surplus cash supporting business expansion and shareholder returns. Positive market factors like expected interest rate cuts and currency strength are anticipated to boost leisure travel demand further. HLO's subsidiaries also performed well reinforcing overall growth prospects.
Webjet Group Limited (ASX: WJL) has reported a solid FY25 in a challenging macroeconomic environment with total bookings down 7% to 1.5M and total transaction value down 6% to $1.5B. Underlying revenue decreased only 3% to $139.7M supported by revenue optimization and cost discipline. Underlying EBITDA grew 1% to $39.4M with a margin improvement to 28.2%. Net profit after tax surged 18% to $20.9M. The company maintains a robust balance sheet with net cash of $118.1M, no debt and strong liquidity to support growth initiatives.
Webjet Group's focus includes expanding its international flights market share, enhancing its Hotels and Packages offering and developing a tailored business travel solution. The company actively invests in technology including AI-driven Trip Ninja integration for itinerary optimization. The Cars & Motorhomes segment underwent restructuring and brand refresh to improve profitability while network expansion and customer acquisition continue.
Flight Centre Travel Group Limited (ASX: FLT) has announced preliminary unaudited FY25 trading results with a record total transaction value of $24.5B up from $23.7B in FY24. The company expects underlying profit before tax between $285-$295M which is slightly below prior guidance due to short term cyclical challenges in Q4, including underperformance in Asia and impacts from geopolitical tensions in the Middle East and reduced bookings to the United States.
The leisure division saw solid TTV growth driven by lower margin brands while the corporate segment maintained record TTV with modest growth which is supported by new global contracts and a strong pipeline. FLT is executing cost optimization, capital discipline with planned capex cuts and portfolio refinements including asset closures. Investments in customer loyalty programs and AI innovations such as the AI Center of Excellence and partnerships with Anthropic aim to enhance customer experience and drive future profitability amid ongoing market volatility.
Corporate Travel Management Limited (ASX:CTD) has reported a half year profit after tax of $28.5M for the six months ended December 31, 2024 which is down 42% from $49.4M in the prior corresponding period. Revenue declined 6% to $339.6M driven by softer activity in some regions. Underlying EBITDA fell 23% to $77.4M. The Australia & New Zealand region grew revenue 18% with a 53% EBITDA increase, North America revenue rose 6% with EBITDA up 49%, while Europe and Asia saw declines amid transitional phases and price deflation respectively.
CTM maintained a strong balance sheet with $75.5M cash and no drawn debt. The company continued executing buy backs and dividend payments while investing in automation, AI and growth initiatives with FY25 outlook revised to slightly softer revenue and EBITDA growth due to macroeconomic uncertainties.
Serko Limited (ASX: SKO) has delivered strong top line growth with total income up 27% to NZD $90.5M driven by Booking.com for Business and the GetThere acquisition. Room nights and active customers each rose 29% while EBITDAFI turned positive at $2.8M. The company reported a $22M net loss due to one-off costs and goodwill impairment. Free cash flow outflow narrowed to $1.9M with a solid cash balance of $61.4M and no debt. Looking ahead, FY26 revenue is projected at $115–123 million with continued investment in Booking.com for Business and U.S. expansion.
(Source: Company Announcements)
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