TBO Tek revenue rises 22% despite travel headwinds

TBO Tek reported 22% revenue growth and 19% gross profit increase in Q1 FY26 despite travel industry disruption from conflicts and the Air India crash during peak summer season.

Monthly transacting buyers grew 5% to over 29,500, while gross transaction value rose 2%. Hotels and ancillary businesses drove the faster revenue and profit growth.

International active agents surged, with first-time transactions nearly doubling to 750 in June. New travel agents added this year generated $18m of the $435m international gross transaction value.

EBITDA remained flat due to heavy international market investments.