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Flight Centre Travel Group Limited (ASX:FLT)

ALERT: Price-sensitive ASX Announcement for FLT
Current share price for FLT : $11.880 -2.09 (-14.96%)+
Announcement
Release
10 Dec 2025 6:43PM
Price at Release
$13.970
Full Release
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Summary
Flight Centre Travel Group Limited (FLT) announced its acquisition of Iglu, a leading UK-based online cruise travel agency, aiming to enhance its presence in the growing cruise market. This strategic acquisition is expected to accelerate FLT's growth in the cruise sector, with expected annualised cruise-related total transaction value (TTV) set to exceed $2 billion during FY26, two years earlier than planned. The acquisition terms include a GBP100 million upfront payment and performance-based earn-outs up to GBP27 million, with the transaction anticipated to be EPS accretive by FY26. FLT has also upgraded its FY26 underlying profit before tax guidance by about 3% to reflect Iglu's expected contribution. Iglu's integration is set to enhance FLT's global network with scalable digital and omni-channel capabilities, positioning FLT to explore additional high-growth markets, such as the United States. This acquisition also aligns with FLT's strategic objectives of leveraging supplier relationships and achieving operational efficiencies.
Key Points
  • FLT's acquisition of Iglu is valued at GBP122 million.
  • The transaction includes an upfront payment of GBP100 million.
  • Performance-based earn-outs are estimated at up to GBP27 million.
  • The acquisition is expected to be EPS accretive in FY26.
  • FLT increases FY26 UPBT guidance by circa 3% to $315m–$350m.
  • Iglu will integrate its digital platform across FLT's leisure brands.
  • FLT aims to double cruise-related TTV to over $2 billion in FY26.
  • Iglu CEO David Gooch will continue to lead the business post-acquisition.
  • FLT plans to extend its cruise market reach into the US and other markets.
  • The acquisition supports FLT's strategic global expansion objectives.
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.