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Tourism Holdings (THL) briefings
Read that company's published results in release order, newest first.
PBT growth of n/m reflects a one-off-depressed FY25 base
Underlying recovery looks real but net debt of $434.9M still sits above thl's own sub-$400M target and ROFE of 8.7% trails its 15% goal.
Published 25 August 2026
Read briefingNPAT up 17%, but deferred fleet capex and inventory destock flatter cash
Operating cash flow rose 67% as capex fell to 1.2% of revenue and inventory shed $78m, with management flagging ANZ fleet spend will normalise in H2.
Published 23 April 2026
Read briefingTourism Holdings' PBT collapses to a $4.9m loss on a North America slump
Revenue grew 1.7% but PBT fell 108.5% and leverage rose to 3.2x net debt/EBITDA, squeezing financial headroom.
Published 23 April 2026
Read briefingMargin compression across core segments drove a 37.1% PBT decline
Earnings fell sharply as leverage rose to 4.21x EBITDA and the interim dividend was cut 44.4%.
Published 23 April 2026
Read briefingNPAT up 57.5% but operating cash flow reversed $85m to -$78.8m
Reported earnings growth was funded by a $64m working-capital build and $146m more borrowings, leaving net debt near 3.4x EBITDA.
Published 23 April 2026
Read briefingPBT fell 12.8% as USA segment result collapsed
Revenue grew 38.8% to $921.7M but operating earnings declined and net debt rose to $445.9M against EBITDA of $194.4M.
Published 23 April 2026
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