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Event Hospitality & Entertainment Ltd. ( (AU:EVT) ) has provided an update.
EVT Limited reported first-half FY26 growth with normalised revenue up 5.4% to $683.8 million, normalised EBITDA up 5.5% to $105.1 million and normalised profit after tax up 28.5% to $40.5 million, supporting a fully franked interim dividend of 18 cents per share. The result was driven by record performance in the Hotels division, strong Thredbo earnings and improved Entertainment results, particularly in Germany, despite temporary hotel disruptions and mixed film line-ups in Australia and New Zealand.
The group is accelerating a hotel-led strategy, highlighted by the acquisition of the Pro-invest Hotels management company and launch of EVT Connect Hospitality, adding about 3,200 rooms under long-term management deals and positioning EVT as a leading regional hotel operator. Capital recycling from non-core property assets, the planned acquisition of QT Auckland and ongoing cinema portfolio rationalisation underpin a focus on higher-return assets, with management signalling confidence in continued EBITDA growth in the second half, subject to film performance and weather conditions.
The most recent analyst rating on (AU:EVT) stock is a Hold with a A$13.00 price target. To see the full list of analyst forecasts on Event Hospitality & Entertainment Ltd. stock, see the AU:EVT Stock Forecast page.
More about Event Hospitality & Entertainment Ltd.
EVT Limited is an Australia-based diversified entertainment, hospitality and travel group operating hotels, cinemas and leisure assets across Australia, New Zealand and Germany. Its hotel portfolio, recently expanded through acquisitions and management contracts, has made EVT the second-largest hotel operator in Australia and New Zealand, while its cinema and resort businesses provide additional earnings streams and market reach.
Average Trading Volume: 154,544
Technical Sentiment Signal: Buy
Current Market Cap: A$2.14B
See more insights into EVT stock on TipRanks’ Stock Analysis page.