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Experience Co Limited (ASX:EXP)

ALERT: Price-sensitive ASX Announcement for EXP
Current share price for EXP : $0.098 0.009 (10.11%)+
Announcement
Release
26 May 2026 4:44PM
Price at Release
$0.089
Full Release
download
Summary
Experience Co Limited faced a challenging Q3 FY26 due to adverse weather conditions, industrial actions, and external conflicts impacting their operations. The company reported a decline in Skydive Australia and New Zealand's revenue and volumes, while attempting to counteract these impacts through management initiatives like pricing strategies and a cost-reduction program. Adventure Experiences saw uneven results, with Reef Unlimited and Treetops Adventure managing slight revenue growth despite lower volumes. The Group also continued growth initiatives and completed a business unit sale, while actively managing financial performance amidst ongoing market uncertainties.
Key Points
  • Skydive Australia experienced a revenue decrease of 7% and a volume decrease of 2% compared to the prior corresponding period (PCP), affected by weather and industrial actions.
  • Skydive New Zealand saw revenues decrease by 3% and volumes by 2%, influenced by adverse weather and currency depreciation.
  • Adventure Experiences segment reported revenue growth of 1%, with varying performance across different experiences due to weather and market conditions.
  • Reef Unlimited faced a 5% decrease in volume but managed a 1% revenue increase because of higher average revenue per customer.
  • Treetops Adventure showed a 1% revenue growth despite the Newcastle site closure, with an increase in average revenue per customer.
  • April trading showed a 17% decrease in Skydive Australia volumes and a 6% decrease in New Zealand, with a focus on cost management and strategic site consolidations.
  • The Group initiated several management actions, including pricing adjustments and a cost-out program, to counteract the challenging market conditions.
  • Experience Co continued with selective growth projects and completed the sale of Wild Bush Luxury business unit.
  • The company is monitoring ongoing external challenges, including conflicts and consumer sentiment, for future performance impacts.
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.