Experience Co reported a 6% rise in sales to A$32.8 million for the quarter ended 30 September 2026, while underlying EBITDA increased 20% to A$4.8 million. The 26 October trading update covers continuing operations and is unaudited; the earnings measure is not statutory net profit.
Skydiving leads the earnings improvement
Skydiving revenue rose 9% to A$13.2 million, while Adventure Experiences revenue increased 4% to A$19.6 million. Management attributed the group’s underlying earnings growth to stronger skydiving revenue and volumes, which helped offset margin pressure in Adventure Experiences. These are the company’s explanations, not independently measured market drivers. Read the issuer’s trading update.
Verified quarter figures
Primary source observed at . Amounts below are Australian dollars; comparisons are with Q1 FY26. Each row links to the exact issuer document.
| Measure | Q1 FY27 / comparison | Primary evidence |
|---|---|---|
| Period and scope | Quarter ended 30 September 2026. Continuing operations exclude Wild Bush Luxury after its 1 May 2026 divestment. | Trading update, page 3 notes |
| Sales revenue | A$32.8m versus A$30.9m; company-reported growth of 6%. | Trading update, page 3 |
| Underlying EBITDA | A$4.8m versus A$4.0m; up 20%. An adjusted, non-AAS measure, not net profit. | Trading update, pages 2–3 |
| Skydiving revenue | A$13.2m versus A$12.1m; company-reported growth of 9%. | Trading update, pages 3–4 |
| Adventure Experiences revenue | A$19.6m versus A$18.8m; company-reported growth of 4%. | Trading update, pages 3 and 5 |
| Assurance status | Unaudited and subject to audit. Underlying financial information is not prescribed by Australian Accounting Standards. | Trading update, pages 2–3 |
Why underlying EBITDA is different from profit
EBITDA is an earnings measure before interest, tax, depreciation and amortisation. Experience Co’s underlying measure also adjusts for items such as acquisition-related transaction costs, restructuring and certain asset-sale gains or losses. It should not be read as the amount left for shareholders or as cash generated.
Using the rounded figures in the update, CapKet calculates underlying EBITDA divided by sales at approximately 14.6%: A$4.8m ÷ A$32.8m × 100. The comparable calculation is about 12.9% from A$4.0m ÷ A$30.9m × 100. These are approximate underlying EBITDA margins, not statutory net-profit margins or a forecast.
What remains uncertain
The quarter’s sales growth was not the same as higher visitor numbers everywhere: the issuer reported lower volumes at Reef Unlimited and Treetops Adventure. It also said negotiations with Inflite Group were continuing, with a further update planned for the 18 November 2026 AGM. That is not a completed acquisition announcement.
Readers should watch subsequent official financial statements for the audited outcome and any reconciliation of underlying measures. For a separate example of recurring earnings terminology, see CapKet’s Holcim report; the companies and accounting measures differ.
Sources and checks
Financial figures use the issuer PDF linked above. Provenance was checked through Experience Co’s investor-information page, observed at , and its linked announcement index, observed at . The index dates this update 26 October 2026. These pages are provenance records, not independent confirmation of the financial figures.
AI-assisted reporting checked against the linked issuer document. Publisher-designated author Tatai; no independent human editorial approval is claimed. Any accompanying AI-generated reef-tour illustration is a generic concept, not an actual Experience Co vessel, property or event. Information only, not investment advice.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.