{
  "id": 2928286,
  "title": "EVT FY26 slides: profit jumps 52%, $800M divestment planned",
  "url": "https://urgent.news/2026/08/24/evt-fy26-slides-profit-jumps-52-800m-divestment-planned",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T02:57:33.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/evt-fy26-slides-profit-jumps-52-800m-divestment-planned-93CH-4872585"
  },
  "original_language": "en",
  "account": "Event Hospitality and Entertainment Limited (ASX:EVT) released robust full-year results on August 24, 2026, alongside an ambitious property divestment plan and an independent structural review. The company's shares rose 10.01% to $15.49, near its 52-week high, as investors favored its financial performance and planned capital recycling. Normalized revenue reached $1,314.9 million, a 6.3% increase, while normalized EBITDA grew 8.4% to $174.4 million. Net profit after tax soared 51.9% to $50.7 million, indicating strong operating leverage across hotels, entertainment, and resorts. EVT aims to generate $800 million from non-core property sales over the next two to three years, with proceeds reinvested into hotel expansion and potential special dividends. The company maintains a net debt position of $476.1 million, within a $750 million facility limit, offering ample financial flexibility for future growth.",
  "summary": null,
  "key_points": [
    "Normalized profit jumps 52% to $50.7 million",
    "$800 million divestment plan planned over 2-3 years",
    "Net debt remains within $750 million facility limit"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "EVT FY26 slides: profit surges 52%, $800m asset sale planned",
        "url": "https://urgent.news/2026/08/24/evt-fy26-slides-profit-surges-52-800m-asset-sale-planned",
        "published": "2026-08-24T02:59:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}