Experience Co releases Q1 FY25 trading update

Experience Co (ASX:EXP), an adventure tourism company, released its trading update for Q1 FY25. The company reported a 4% increase in total sales revenue, reaching $30.8 million, and a 59% growth in underlying EBITDA to $3.6 million. The Adventure Experiences segment drove this growth, while skydive operations in Australia faced weather disruptions.

Experience Co's Q1 FY25 performance and outlook

Experience Co (ASX:EXP) has shown positive earnings growth in Q1 FY25, with sales revenue increasing by 4% to $30.8 million and underlying EBITDA growing by 59% to $3.6 million. The Adventure Experiences segment, particularly Reef Unlimited, drove revenue growth due to increased international tourism, notably from China. While Australian skydive operations faced weather-related challenges, New Zealand's skydive business showed strong performance. Strategic initiatives focus on cost efficiency and operational optimization, with a Strategic Review underway to enhance shareholder value. The company remains optimistic about long-term earnings potential, benefiting from the return of international tourists.

Executive commentary on Q1 FY25 performance

Experience Co continues to focus on cost-efficiency programs initiated in November 2023, aimed at reducing corporate and operational costs. The company is conducting a Strategic Review with the assistance of E&P Capital, and updates are expected to be provided at the Annual General Meeting.