Earnings call transcript: Experience Co posts softer FY 2026 profit, shares slip

Experience Co reported weaker FY 2026 profit than initially anticipated, with its shares slipping in recent trading. The company's revenue from continuing operations grew by 2% to AUD 129.6 million, but underlying EBITDA fell by 8% to AUD 17.6 million, while underlying net profit before impairment dropped by 30% to AUD 2 million.

This resulted in a statutory loss after tax of AUD 3.3 million. Skydiving and Aviation experienced tougher trading conditions, while Adventure Experiences remained the primary earnings driver. Factors such as adverse weather, industrial action, higher costs, and a weaker New Zealand dollar impacted the company's profitability. Despite modest revenue growth, earnings fell behind due to rising costs and disruptions.

Management expects FY 2027 to start with solid trading momentum, but acknowledges the earnings recovery may take longer than anticipated.