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EVT Limited (ASX:EVT)

ALERT: Price-sensitive ASX Announcement for EVT
Current share price for EVT : $14.870 0.79 (5.61%)+
Announcement
Release
24 Aug 2026 8:35AM
Price at Release
$14.080
Full Release
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Summary
EVT Limited reported robust financial performance for the financial year ending 30 June 2026, with notable increases in revenue and profit. The company has outlined a strategic focus on hotel growth underpinned by a capital recycling programme, which includes the divestment of approximately $800 million in non-core properties. The Group's structure is under review by Rothschild & Co to optimize future growth strategies. Despite various challenges, EVT anticipates further growth in FY27 across its Hotels and Entertainment divisions, supported by a promising pipeline and strategic initiatives.
Key Points
  • EVT Limited reported strong financial results for FY26 with a 6.3% increase in normalised revenue to $1,314.9 million.
  • The company achieved an 8.4% growth in normalised EBITDA to $174.4 million and a 41.3% rise in normalised profit after tax to $54.3 million.
  • A capital recycling programme was announced, identifying approximately $800 million of non-core property assets for divestment.
  • The strategic review focuses on expanding the hotel business, with Rydges entering the Bangkok market.
  • Rothschild & Co has been engaged to assess potential changes to the Group's structure to support growth ambitions.
  • The Group's property portfolio was independently valued at approximately $2.25 billion as of 30 June 2026.
  • FY27 outlook includes expected EBITDA growth across Hotels and Entertainment divisions.
  • A fully franked final dividend of 23 cents per share was declared, reflecting strong divisional performances.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.