The Webjet Group (ASX: WJL) share price is lifting higher today.
Shares in the All Ordinaries Index (ASX: XAO) travel agency closed yesterday trading for 87 cents. In morning trade on Wednesday, shares are changing hands for 89 cents apiece, up 2.2%.
For some context, the All Ords is up 0.6% at this same time.
It was only back on 4 April that the Webjet share price hit an all-time closing low of 50 cents. If you were brave enough to buy the dip on that date, you'll be sitting on gains of 78% as I pen this.
As you're likely aware, Webjet began trading as an independent entity on 23 September, following its demerger from Web Travel Group Ltd (ASX: WEB).
Today's boost follows the release of the company's full-year results for the 12 months ending 31 March (FY 2025).
In light of its September split from Web Travel, the company noted:
Webjet Group has elected to adopt predecessor accounting to ensure continuity and comparability in its financial reporting and elected to present previous corresponding period (pcp) financial information as if it had always operated independently. Consequently, the comparative numbers are only representative in nature.
Here are the highlights from FY 2025.
Webjet share price lifts on first full-year results
Investors are bidding up the Webjet share price after the company reported 1.53 million bookings over the 12 months. While that's down 7% from FY 2024, it's broadly in line with expectations.
FY 2025 saw Webjet achieve a total transaction value (TTV) of $1.5 billion, down 6% year on year. Revenue of $140 million was down 3%.
Earnings went the other way, however. The Webjet share price could be getting support today with earnings before interest, taxes, depreciation and amortisation (EBITDA) up 1% year on year to $39 million. The company credited its continued focus on improving revenue/TTV margins and disciplined cost management for the earnings growth.
Webjet cited a "challenging macro-economic environment" over the year, with its online travel agency impacted by a softening domestic flights market and Rex Airlines going into voluntary administration.
However, the company noted this was partly offset by growth in its higher margin international flight bookings.
Post the reporting period, Webjet also received and then rejected a non-binding takeover proposal from BGH Capital.
What did management say?
Commenting on the results helping boost the Webjet share price today, CEO Katrina Barry said, "We're pleased to have delivered a solid result in line with expectations, despite a challenging consumer environment."
Barry added:
This performance reflects the strength of our underlying business, the commitment of our people, and our disciplined focus throughout a period of significant change, including the successful completion of the demerger…
Trip Ninja continues to be a strategic asset and innovation engine within the Group. Over the past year, the platform has expanded its customer base, added three new travel intermediary partners, and launched a powerful new analytics engine to uncover value in flight retailing.
What's ahead for the Webjet share price?
Looking at what could impact the Webjet share price in the year ahead, the company expects to begin paying dividends in FY 2026. Webjet also said it intends to implement an on market share buyback "when circumstances permit".
The company noted that it is making "strong progress" on its FY 2030 strategic priorities.
For FY 2026, management expects underlying EBITDA to be broadly in line with FY 2025.
The Webjet share price is now up 11% since market close on 23 September.
