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Kelsian Group Limited ( (AU:KLS) ) just unveiled an update.
Kelsian Group has agreed to sell its Tourism Portfolio to experiential travel operator Journey Beyond for A$161 million on a cash and debt free basis, subject to working capital adjustments. The portfolio includes several SeaLink marine and sightseeing businesses across Fraser Island, Tasmania, the Northern Territory and the Whitsundays, as well as Captain Cook Cruises and related assets.
The transaction requires approvals from the ACCC, the Foreign Investment Review Board and other customary consents, with completion expected in the first half of FY2027. Kelsian plans to use the proceeds to accelerate debt reduction and selectively fund growth opportunities, leaving its FY26 earnings guidance unchanged and positioning the group more clearly as a leveraged but disciplined global transport operator within its target gearing range.
The most recent analyst rating on (AU:KLS) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Kelsian Group Limited stock, see the AU:KLS Stock Forecast page.
More about Kelsian Group Limited
Kelsian Group Limited is an Australian-listed transport operator focused on contracted marine, bus and motorcoach services. The company has historically also operated a portfolio of tourism and sightseeing businesses, but is refocusing its strategy toward being a pure-play global transport business with an emphasis on stable, contracted revenue streams.
Average Trading Volume: 421,068
Technical Sentiment Signal: Sell
Current Market Cap: A$1.08B
For a thorough assessment of KLS stock, go to TipRanks’ Stock Analysis page.