Webjet Group delivers inaugural dividend with 100% payout ratio and resilient 1H26 results

Following the announcement of preliminary unaudited results on 13 November 2025, Webjet Group Limited (ASX:WJL) (Webjet Group or Company) today releases its Financial Report for the six months ended 30 September 2025 (1H26).

• Webjet Group Revenue of $67.9 million down 1% on 1H25(1), Underlying(2) EBITDA of $14.4 million down 9%, and Underlying NPAT of $7.8 million up 16%
• Strong Webjet OTA EBITDA margin at 36.4%, despite expected compression during investment phase of FY30 Strategic Plan
• Inaugural FY26 interim dividend of 2.0 cents per share fully franked, 100% payout of Underlying NPAT, well above 40%-60% target payout ratio, consistent with announced intention of maximising the distribution of franking credits as they become available

Webjet Group Limited - 1H26 Key metrics.

• Webjet Group delivered resilient results in a tough market – Compared to 1H25 pre-demerger and in a challenging trading environment for the Group, bookings down 8%, TTV down 3%, and Revenue down marginally at 1%. Operating Expenses well-managed with commencement of the investment programme related to FY30 Strategic Plan. Cost savings in Cars & Motorhomes. Underlying EBITDA down 9%, Underlying NPAT up 16%, and Statutory NPAT up 51%.
• Webjet OTA results reflected a leisure travel market impacted by cost-of-living pressures and elevated airfares - Domestic bookings down by 10%, International bookings up 4% to 22% of total flight bookings. Non-air ancillaries over 30% of OTA revenue. Expenses up 7% and strong EBITDA margin at 36.4%, despite commencement of investment programme.
• Cars and Motorhomes achieved significant growth in EBITDA following successful delivery of planned streamlining, and automation - Bookings down 6%, Revenue down 4%, closely correlated to subdued domestic flight market and high pricing in Motorhomes. Expenses down 13% on successful delivery of planned streamlining and automation, with EBITDA growing from $0.2m to $1.0m.

• Strong balance sheet - $111.9 million of net cash(4) to support strategic growth while maximising returns to shareholders.

• Delivering on capital management initiatives - Declared an inaugural FY26 interim dividend of 2.0 cents per share fully franked, representing 100% of Underlying NPAT, well above 40%-60% target payout ratio. Consistent with the announced intention of maximising the distribution of franking credits as they become available, including the payment of special dividends above the target ratio. Proposed on-market buy-back on hold.

• Delivering at pace on FY30 Strategic Plan under the four clearly defined pillars: International flight expansion, hotels and packages enhancement, scaling a new Business Travel offering, and delivering refreshed OTA brand and loyalty opportunity. Webjet Business Travel has performed well in its first six weeks under Webjet Group’s control from 1 October 2025.

• Webjet Group expects Underlying EBITDA for FY26 to be in the range of $30 million -$32 million(5), a 9%-14% decrease on FY25(6).

Commenting on this release, Katrina Barry, Webjet Group’s CEO and Managing Director, stated:

“Our results for the period were broadly in line with expectations, demonstrating the resilience of our business, despite experiencing challenging market conditions. We delivered solid Revenue margins, maintained strong cost discipline, and continued to make meaningful progress across the key levers of our FY30 Strategic Plan.

Pleasingly, as part of these results, we are announcing an inaugural FY26 interim dividend of 2 cents per share, representing a payout of 100% of our Underlying NPAT. This delivers on our commitment to maximise the distribution franking credits as they become available including the payment of a special dividend above our target ratio.

As communicated last week as part of the update on preliminary 1H26 results and outlook for the balance of the year, with the expectation of a softer market continuing into 2H26, we have made prudent adjustments to our plans to ensure capital is deployed responsibly in the current environment on a balanced basis. Importantly, while remaining vigilant to near term trading conditions, our focus on delivering sustainable long-term growth remains unchanged. We are confident that our FY30 Strategic Plan provides the right framework to maximise shareholder value, with doubling TTV as a key - though not the sole – measure of success.

We have the right capabilities to deliver on this plan - with deep sector experience, proven execution in scaling travel businesses, and a blend of seasoned executives and fresh perspectives. This positions the business well to continue to progress the next stage of growth and evolution to deliver enhanced shareholder value over the medium term.”

Footnotes:

1. 1H25 comparative revised for change in accounting policy, resulting in a $3.6m reduction in revenue and EBITDA and associated tax impact.
2. Webjet Group defines “Underlying Operations” as its core financial performance, adjusted for non-operating expenses and non-cash items such as share-based payments not reflective of its underlying financial performance. These adjustments are made to provide a clearer and more consistent view of Webjet Group’s ongoing financial performance. Underlying Operations (which are not the statutory results) are non-IFRS measures and not subject to review procedures. All references to operations are to the Underlying Operations

3. Bookings and Total Transaction Value (TTV) are used by management as performance indicators. TTV is the gross transaction price on a booking. They are non-IFRS financial information and not subject to review procedures.

4. Net cash of $111.9m excludes $21.7m of restricted cash.

5. The forecast assumes no further deterioration in trading and no unexpected additional costs. It excludes the impact of the Locomote acquisition on financial performance which is expected to reduce Underlying EBITDA by circa $600,000-$900,000 in 2H26.

6. FY25 comparative revised for change in accounting policy, resulting in a $4.4m reduction in revenue and EBITDA and associated tax impact.

Further information on 1H26 performance is set out in Webjet Group’s 1H26 Results Investor Briefing Presentation and 1H26 Financial Report for the half-year ended 30 September 2025.

This announcement has been approved for release to the ASX by the Board of Directors.

For further information.

Investors.
Please contact Janet Payne at janet.payne@webjetgroup.com and investor@webjetgroup.com 

Media.
Please contact Tripti Dahiya at tripti.dahiya@webjetgroup.com and media@webjetgroup.com