Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Event Hospitality & Entertainment Ltd. ( (AU:EVT) ) has shared an update.
EVT Limited announced a significant growth in full-year earnings, driven by a strong second half and a positive start to FY26. The company reported a 1.3% increase in normalized revenue and a 593.4% rise in reported net profit after tax. Key achievements include record results in the hotels division, recovery in the entertainment sector post-Hollywood strikes, and growth in Thredbo despite challenging weather. EVT is executing a clear property strategy, including strategic divestments and upgrades, and is expanding its hotel management segment with the acquisition of Pro-invest Hotels. The outlook for FY26 is optimistic, with expected EBITDA growth across divisions, although some impacts are anticipated due to temporary closures for upgrades.
The most recent analyst rating on (AU:EVT) stock is a Buy with a A$18.15 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.
Event Hospitality & Entertainment Ltd. (EVT) operates in the entertainment, ventures, and travel industries, focusing on providing hospitality and entertainment services. The company manages a portfolio of hotels, cinemas, and ski resorts, with a strategic emphasis on maximizing property value and expanding its hotel management solutions.
Average Trading Volume: 271,032
Technical Sentiment Signal: Buy
Current Market Cap: A$2.79B
Learn more about EVT stock on TipRanks’ Stock Analysis page.