Experience Co Posts Soft FY 2026 Profit Amid Industry Headwinds
Experience Co's FY 2026 results show a business that still grew, but with clear pressure on margins and cash generation. Revenue from continuing operations rose modestly to AUD 129.6 million, helped by stronger performance in Adventure Experiences. However, profitability moved in the opposite direction, with lower EBITDA, weaker net profit, and a statutory loss.
The company cited factors outside its control, including adverse weather, industrial action, higher fuel costs, wage inflation, and subdued consumer sentiment. A weaker New Zealand dollar also reduced the value of earnings from that market when converted into Australian dollars.
Adventure Experiences once again drove earnings, with underlying EBITDA down 4% to AUD 15.4 million on revenue up 6% to AUD 65.8 million. Skydiving and Aviation generated AUD 9.7 million of underlying EBITDA, down 3%, on revenue down 2% to AUD 63.8 million.
Experience Co's shares were last at $0.09, down 2.17% from the previous close of $0.092, and near the lower end of its 52-week range of $0.07 to $0.165. The company said growth was reported across every business unit except Skydive New Zealand, which was hurt by less favorable weather at Wanaka.