Coast Entertainment FY26 slides: EBITDA doubles, land approval unlocks value

Coast Entertainment Holdings reported its FY26 results on August 21, 2026, highlighting a significant operational turnaround for its Theme Parks & Attractions business. Despite a stock decline of 3.7% to $0.52, investors remained cautious due to the challenging consumer environment and execution risks. The company operates Dreamworld, WhiteWater World, and SkyPoint on Queensland’s Gold Coast, serving a catchment of over 3.5 million people.

Coast Entertainment delivered its fourth consecutive year of EBITDA improvement, with Theme Parks & Attractions EBITDA excluding Specific Items reaching $18.8 million, more than double the prior year’s $8.8 million. The company returned to statutory net profitability with a net profit of $6.1 million, up from a loss of $0.1 million in FY25.

Strong visitation growth, record food-and-beverage and retail sales, and a strategic shift toward annual pass holders drove the revenue increase of 20.8% to $116.5 million.

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