Tourism Holdings Ltd (ASX: THL) share price is in focus today after it lifted its expected FY26 underlying net profit after tax to around $46 million, beating its May forecast. The company also reported a stronger year-end net debt position than anticipated.
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What did Tourism Holdings report?
- FY26 underlying net profit after tax (uNPAT) from continuing operations now expected to be ~$46 million (up from previous guidance of $40–$43 million)
- Net debt at 30 June 2026 was $436 million (below previous forecast of $460–$470 million)
- Normalised net debt averaged $453 million over the last month of FY26
- Strong late booking trends and robust vehicle sales in New Zealand drove the improved result
What else do investors need to know?
Tourism Holdings noted favourable year-end interest outcomes and better-than-expected vehicle sales contributed to the upgraded profit forecast. The company also highlighted strong booking momentum across all key regions.
Notably, North America bookings are tracking well ahead of last year, with recent US bookings more than 50% higher. Australia and New Zealand forward bookings have also bounced back after earlier disruptions linked to Middle East geopolitical events.
Tourism Holdings will release its full audited FY26 results and Integrated Report on 25 August 2026.
What's next for Tourism Holdings?
Management says forward booking trends remain positive, especially in North America where growth rates are strong. With Australia and New Zealand recovering from recent disruptions, Tourism Holdings is increasingly confident about the FY27 Southern Hemisphere summer.
The company sees improved opportunities for growth in both Australia and New Zealand. Investors will be watching the August results for further detail on strategy and outlook.
Tourism Holdings share price snapshot
Over the past 12 months, Tourism Holdings shares have risen 23%, outperforming the S&P/ASX 200 Index (ASX: XAO), which is flat over the sam period.
