Highlights

  • In FY25, EVT’s normalised revenue reached AUD 1,236.9 million, up 1.3% from FY24.
  • The company has reported NPAT was AUD 33.4 million in FY25, increasing AUD 28.6 million from prior period.
  • EVT’s gross margin of 91.1% exceeded the industry median of 64.8% in FY25.

EVT Limited (ASX:EVT) is an Australian company engaged in the entertainment, ventures, and travel sectors. The company operates through five segments: Entertainment, Entertainment Germany, Hotels and Resorts, Thredbo Alpine Resort, and Property and Other Investments.

Recent Financial Update

For the 12 months ended 30 June 2025 (FY25), EVT reported normalised revenue of AUD 1,236.9 million, a 1.3% increase compared to the previous year (FY24), driven by Hotels and Resorts and Entertainment in Australia and New Zealand. During the same period company has reported NPAT was AUD 33.4 million, up 593.4% from the prior corresponding period, which included a non-cash tax charge of AUD 26.9 million due to changes in New Zealand tax rules on building depreciation. Normalised PAT was AUD 38.4 million in FY25, an increase of 12.7% over the prior period.

Recent Update

On 22 September 2025, EVT announced that its Annual General Meeting will be held at Event Cinemas, 505–525 George Street, Sydney, NSW 2000 on 24 October 2025.

Key Positives and Negatives

EVT reported a gross margin of 91.1% in FY25, above the industry median of 64.8%, and turnover ratio of 0.47x, higher than the industry median of 0.34x. However, in FY25 EBITDA margin declined to 23.3% from 24.1% in FY24, and debt-to-equity ratio was elevated at 1.38x compared to the industry median of 0.01x.

Business Outlook
EVT’s management expects EBITDA growth in FY26 to be underpinned by improved performance across its divisions. The Hotel segment is forecasted to achieve another favourable year, although temporary closures at Rydges Queenstown and QT Gold Coast are expected to reduce EBITDA by approximately AUD 3.5 million. The Entertainment division anticipates YoY EBITDA growth, supported by its film line-up. Thredbo has started the year on a positive note, with FY26 EBITDA projected between AUD 25–30 million, depending on winter and summer weather conditions.

Share Performance of EVT

EVT traded at AUD 13.090 per share on 13 October 2025, down 1.06% intraday. The stock has declined by 19.34% over the last three months and by 1.28% over six months, but it is up 22.33% over the past year. The 52-week high is AUD 17.990, recorded on 18 August 2025, and the 52-week low is AUD 10.600, recorded on 15 October 2024.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 13 October 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.