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Kelsian Group Limited (ASX:KLS)

ALERT: Price-sensitive ASX Announcement for KLS
Current share price for KLS : $4.270 0.4 (10.34%)+
Announcement
Release
24 Feb 2026 10:49AM
Price at Release
$3.870
Full Release
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Summary
Kelsian Group Limited reported strong financial performance for the first half of the fiscal year 2026, with significant revenue growth driven by new contracts and increased marine and tourism activities. The company focused on operational improvements, including the commencement of strategic bus and ferry services, and divested its Tourism Portfolio for $161 million. The capital expenditure for 1HFY26 was in line with expectations, while future guidance estimates EBITDA to be between $303 million and $312 million. Kelsian's strategy emphasizes sustainable growth through diversified transportation services, maintaining a strong balance sheet, and leveraging opportunities in Australia and international markets.
Key Points
  • Revenue growth underpinned by AAAHI contracts and Marine & Tourism expansion.
  • Underlying EBITDA for 1HFY26 increased by 16.4% to $153.8 million.
  • Significant cash reserves of $141.9 million at period end.
  • Divestment of Tourism Portfolio for $161 million to Journey Beyond.
  • Guidance for FY26 EBITDA raised to between $303 million and $312 million.
  • Target leverage of 2.0x to 2.5x LTM Underlying EBITDA.
  • Continued focus on bus, motorcoach, and marine transport services.
  • New contract awards and renewals across various regions including Australia, USA, UK, and Singapore.
  • Strong operating cash flow with 94.5% cash conversion.
  • Kelsian's strategic growth investments aligned to organic and inorganic growth opportunities.
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.