Highlights

  • EVT Limited completed FY2026 with Revenue and Earnings growth across its businesses.
  • The company is reviewing group structure Options alongside a planned asset divestment programme.
  • EVT operates across entertainment, hospitality and leisure segments.
  • The property portfolio was valued at roughly A$2.25 billion.

EVT Limited (ASX:EVT) reported FY2026 results with normalised group revenue of A$1,314.9 million, up 6.3%, while normalised EBITDA increased 8.4% to A$174.4 million. Reported net profit after tax rose 51.9% to A$50.7 million. The company also declared a fully Franked Dividend of 23 cents per share.

The board has commenced a review of group structure options, supported by an independent board committee. EVT has also identified approximately A$800 million of non-core property Assets for potential divestment over time.

Business Operations

EVT operates through three main areas: Entertainment, Hospitality and Leisure. Entertainment includes Event Cinemas and related brands across Australia, New Zealand and Germany. Hospitality includes hotel brands such as Rydges, QT, Atura, LyLo and Connect Hospitality, while Leisure includes Thredbo alpine resort in New South Wales.

The company’s property portfolio was valued at roughly A$2.25 billion, with a comprehensive Revaluation scheduled for 30 June 2027.

Operational Position

Entertainment EBITDA increased 45.8% to A$63.4 million, supported by performance in Australia and Germany. Hotels EBITDA was A$107.2 million, while Thredbo generated revenue of A$96.8 million and EBITDA of A$21.0 million.

Net Debt stood at A$476.1 million against a A$750 million Facility renewed in March 2026.

What May Be Monitored

EVT’s planned asset sales, progress of the strategic review and future Capital allocation remain key areas to monitor. Management has indicated that proceeds from divestments may support hotel expansion and other capital initiatives.

The company has also highlighted expected EBITDA contributions from hotel projects and cinema Lease changes.

Risks

EVT’s businesses are exposed to factors including property market conditions, cinema performance, weather impacts on Thredbo and the timing of strategic review outcomes.

Key Insights

EVT’s current focus is centred on how its diversified operating model and property holdings may evolve. FY2026 results show contributions from entertainment, hospitality and leisure, while the strategic review and asset divestment programme represent important developments for the company.