EVT

EVT.ASX

Communication Services

Motion picture exhibition; operation of hotels and restaurants; ownership and operation of Thredbo Alpine Resort; ownership of cinema, hotel and other rental properties.

Market Data

Price

$12.430

+0.0%
Market Cap

$2.0B

P/E Ratio

49.4x

EPS

$0.245

Div. Yield

0.00%

52-Week Change

-0.1%

Latest Earnings

Half Year Results Announcement

23 February 2026

Revenue
$683.80
+5.4% YoY
NPAT
$37.80
+21.6% YoY
Dividend
$0.18

EVT Limited delivered strong half-year results with normalised revenue up 5.4% to $683.8M and normalised EBITDA up 5.5% to $105.1M, driven by record performance in Hotels and strategic expansion through the Pro-invest Hotels acquisition. The company accelerated its hotel-focused strategy while executing its 'fewer, better' cinema approach, with underlying normalised EBITDA growing 19.3% when adjusted for business interruptions. EVT expects continued EBITDA growth in H2 FY26, supported by strong January 2026 trading showing 21.6% revenue growth and 54.5% EBITDA growth. Key points: Record Hotels division performance with revenue up 5.7% (underlying 10.8%) and EBITDA up 6.0% (underlying 15.6%); Successful acquisition of Pro-invest Hotels management company with 15 long-term agreements covering ~3,200 rooms, making EVT the second largest hotel operator in Australia and New Zealand; Strong January 2026 start with Group revenue up 21.6% and EBITDA up 54.5% year-on-year

Recent Announcements

23 Feb 2026 Supplementary Positive

Half Year Results Presentation

EVT delivered solid H1 results with revenue up 5.4% to $683.8M and EBITDA up 5.5% to $105.1M, driven by record Hotels performance (+6.0% EBITDA) and strong Thredbo growth (+30.8% EBITDA). Entertainment EBITDA declined 3.1% due to a weaker Hollywood film slate, though Germany showed strong growth of 54.1%. The company maintains a positive FY26 outlook with Hotels targeting another record year. Key points: Hotels delivered record revenue and EBITDA results, with underlying EBITDA growth of 15.6% after adjusting for temporary works; Thredbo achieved strong winter performance with 19.5% revenue growth and 30.8% EBITDA growth; Entertainment Germany grew strongly with 54.1% EBITDA growth driven by local content

23 Feb 2026 Actual Results Positive

Half Year Results Announcement

EVT Limited delivered strong half-year results with normalised revenue up 5.4% to $683.8M and normalised EBITDA up 5.5% to $105.1M, driven by record performance in Hotels and strategic expansion through the Pro-invest Hotels acquisition. The company accelerated its hotel-focused strategy while executing its 'fewer, better' cinema approach, with underlying normalised EBITDA growing 19.3% when adjusted for business interruptions. EVT expects continued EBITDA growth in H2 FY26, supported by strong January 2026 trading showing 21.6% revenue growth and 54.5% EBITDA growth. Key points: Record Hotels division performance with revenue up 5.7% (underlying 10.8%) and EBITDA up 6.0% (underlying 15.6%); Successful acquisition of Pro-invest Hotels management company with 15 long-term agreements covering ~3,200 rooms, making EVT the second largest hotel operator in Australia and New Zealand; Strong January 2026 start with Group revenue up 21.6% and EBITDA up 54.5% year-on-year

7 Feb 2026 Date Announcement Neutral

Earnings Release - 23 February 2026

Upcoming earnings release expected 23 February 2026 (from Yahoo Finance (confirmed))

25 Aug 2025 Actual Results Positive

Preliminary Final Report

EVT Limited delivered FY2025 results with normalised revenue of $1,236.9M (+1.3% YoY) and normalised EBITDA of $160.8M (+6.3% YoY), demonstrating underlying earnings growth despite cyclical headwinds. Reported NPAT surged 593.4% to $33.4M, primarily due to a prior year non-cash tax charge of $26.9M related to NZ depreciation rule changes, while normalised NPAT grew 12.7% to $38.4M. The company increased its full-year dividend to 38.0 cents per share (fully franked), maintaining a strong balance sheet with $2.3B in property valuations and $320M in undrawn debt capacity. Key points: Normalised EBITDA grew 6.3% to $160.8M despite H1 headwinds from Hollywood strikes, with strong H2 recovery including 4.5% revenue growth and 10.9% EBITDA growth; Hotels and Resorts EBITDA increased to $106.2M (+4.6%), driven by successful asset-light brand expansion strategy offsetting property divestments of $265M at ~9% premium to independent valuations; Strong dividend growth with full-year dividend increased to 38.0 cents (100% franked), up from 34.0 cents, demonstrating confidence in earnings sustainability

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