Helloworld Travel Limited (ASX:HLO) Reports Half Year Results
Financial Performance
Helloworld Travel reported a 6.9% decrease in Total Transactional Value to $2.1 billion and a 7.6% reduction in revenue to $103.8 million. Underlying EBITDA fell by 20.2% to $27.2 million, while net profit after tax declined 32.4% to $10.8 million. Earnings per share dropped by 29.7% to 7.1 cents.
Dividend
The Company declared an interim dividend of 8.0 cents per share, fully franked, up 60% from the prior period. The payment date is set for 26 March 2025.
Liquidity and Funding
Helloworld reports that it maintains a strong liquidity position with significant cash reserves, no bank debt, and shares in ASX listed Corporate Travel Management.
Executive Comments
CEO Andrew Burnes AO stated, “Our performance across the first half reflects a challenging fiscal environment in Australia with cost of living increases impacting demand for leisure travel and reductions in airfares pushing flight TTV downwards across the period. However, we have continued to invest in our business, growing our technology options and expanding our wholesale product range while enhancing our core capabilities around ticketing and air consolidation. Despite the short-term challenges, we will continue to leverage our industry knowledge and drive long term shareholder value across the period ahead. We are pleased to be delivering a strong result for the first half and a strong dividend to our shareholders at 8 cents per share fully franked.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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