Earnings call transcript: EVT lifts FY2026 profit, shares jump on growth outlook

Event Hospitality and Entertainment Limited reported that their FY2026 revenue climbed 6.3% to AUD 1.3 billion and normalized EBITDA rose 8.4% to AUD 174.4 million. Reported net profit after tax increased to AUD 50.7 million, up AUD 17.3 million from the previous year. The stock price jumped 10.23% to $15.52, close to the top of its 52-week range.

Growth in hotels, entertainment, and Thredbo helped offset a tougher second half in some parts of the business. EVT's FY2026 results showcased a business with diverse components and a clear pattern of operating leverage. The hotels division remained the largest earnings engine, expanding to 84 hotels and 12,603 rooms, making them the second-largest hotel operator in the region.

Entertainment also showed strong improvement, with revenue up 4.4% and EBITDA increasing 14.5%. New Zealand's Thredbo reported growth, with revenue up 10.6% and EBITDA up 13.7%. The company's capital recycling plan, involving divestment of non-core property assets, was well-received by investors. Management anticipates further EBITDA growth in FY2027 and projects a record year for the hotels division.