Flight Centre targets FY26 growth despite FY25 profit dip

Flight Centre's chairman and managing director delivered AGM speeches on November 12, 2025, detailing FY25 results, a trading update, and FY26 profit guidance. The company reported record total transaction value (TTV) of $24.5 billion for FY25, up 3%, but underlying profit before tax (UPBT) decreased by 9.8% to $289.1 million. Strategic investments in capital management totaled $450 million. Dividends for the year remained at $0.40 per share.

For FY26, Flight Centre targets UPBT between $305 million and $340 million, representing a 5.5%-17.6% uplift from FY25, with a second-half profit skew expected due to seasonality and improved trading conditions. The company is actively addressing cyclical challenges through cost optimization, capital efficiency, portfolio refinement, supplier partnerships, and growth investments in AI, loyalty programs, and high-performing sectors like cruise and corporate meetings. Early FY26 trading shows positive momentum in both corporate and leisure segments, with Corporate TTV up nearly 7% in the first quarter and Asia returning to modest profitability.

Separately, JPMorgan Chase & Co. became a substantial holder on November 6, 2025, with 11,061,766 ordinary shares, representing 5.18% of voting power. Conversely, L1 Capital Pty Ltd ceased to be a substantial holder on November 11, 2025, selling 1,242,888 shares for a total consideration of $14,990,810.46. Shareholder resolutions were all carried with strong support.