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Experience Co Limited (ASX:EXP)

ALERT: Price-sensitive ASX Announcement for EXP
Current share price for EXP : $0.093 -0.004 (-4.12%)+
Announcement
Release
4 Aug 2026 5:35PM
Price at Release
$0.097
Full Release
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Summary
Experience Co Limited's Q4 FY26 trading update highlights a modest 1% increase in sales revenue amidst challenging conditions, including adverse weather and increased fuel costs. The Skydiving segment faced a revenue decline due to weaker performance in Australia, partly offset by gains in New Zealand. Conversely, the Adventure Experiences segment reported a 5% revenue growth, supported by increased volumes in Reef Unlimited and Treetops Adventure. Strategic initiatives include divesting the skydive and aviation business to Inflite Group, while focusing on advancing growth in the Adventure Experiences sector. Despite external pressures, selective investments and operational adjustments continue to support the company's resilience and growth trajectory.
Key Points
  • Experience Co Limited reported a 1% increase in sales revenue for Q4 FY26 compared to the prior corresponding period (PCP) of FY25.
  • Skydiving segment revenue decreased by 4% due to softer trading conditions in Australia, although New Zealand saw a significant increase.
  • Adventure Experiences saw a 5% revenue growth, driven by volume increases across both Reef Unlimited and Treetops Adventure.
  • Performance was impacted by weather conditions, particularly in April, but May and June showed recovery.
  • The company announced a non-binding term sheet with Inflite Group to divest its skydive and aviation business in Australia and New Zealand while retaining a minority interest.
  • Fuel costs increased significantly, impacting overall group revenue.
  • Key growth initiatives in the Adventure Experiences segment were advanced, focusing on new attractions and facilities.
  • EXP's financial year ends on June 30, and results are unaudited for FY26, with strategies in place to mitigate external cost pressures.
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.