EVT Limited (ASX:EVT): FY26 Earnings, Hotel Expansion and Cinema Developments

Aditi Sarkar

21 October 2026 10:29 PM AEDT

EVT Limited (ASX:EVT): FY26 Earnings, Hotel Expansion and Cinema Developments

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

EVT Limited (ASX:EVT) reported FY26 normalised revenue of AUD 1,314.9 million, up 6.3%.
FY26 normalised EBITDA increased 8.4% to AUD 174.4 million.
Reported FY26 net profit after tax rose 51.9% to AUD 50.7 million.
The group scheduled its annual general meeting for 23 October 2026.

EVT Limited operates cinemas, hotels, resorts and property-related businesses across several markets, including Australia, New Zealand and Germany. On 21 October 2026, EVT Limited (ASX:EVT) closed at AUD 14.90 per share, down 0.53% for the session. The company’s FY26 results, its hotel-management expansion and recently announced cinema projects provide the latest operational context ahead of its October annual general meeting.

Company Business

EVT Limited (ASX:EVT) operates entertainment venues under brands including Event Cinemas and CineStar, alongside hospitality businesses such as Rydges and QT. The group also owns and operates the Thredbo Alpine Resort in New South Wales. Its activities extend to hotel management, restaurants, bars, conference facilities and property investments. Together, these operations expose earnings to cinema attendance, visitor spending, hotel occupancy, accommodation rates and alpine conditions.

The company distinguishes entertainment operations in Australia and New Zealand from its German cinema business. Hotels and resorts, Thredbo and property interests contribute separately to its financial reporting. The combination of owned accommodation assets and third-party management arrangements also means capital requirements can vary across the hotel portfolio.

Recent Development

In August 2026, EVT Limited (ASX:EVT) released its full-year results and described hotels as its principal future growth platform. The company outlined an asset-light management expansion, including a Rydges entry into Bangkok. Its FY26 annual report also recorded the acquisition of the Pro-invest group, involving 15 long-term hotel management agreements covering approximately 3,200 rooms in Australia and New Zealand, for total consideration of AUD 74 million.

Further updates followed in September and October. The company announced LyLo’s international debut in Bangkok in September, while Event Cinemas outlined additional SCREENX locations at Macquarie and Shellharbour for December. In October, EVT announced a redevelopment update for Harbour Rocks. These projects cover different business lines and have separate opening and implementation schedules.

The company has also referred to a capital-recycling programme and a review of its group structure. Progress on those initiatives remains relevant to future asset ownership, investment priorities and the allocation of capital among operating divisions.

Financial Performance and Sector Context

For the year ended 30 June 2026, EVT Limited (ASX:EVT) reported normalised revenue of AUD 1,314.9 million, an increase of 6.3% from FY25. Normalised EBITDA rose 8.4% to AUD 174.4 million, while normalised profit after tax increased 41.3% to AUD 54.3 million. Reported net profit after tax reached AUD 50.7 million, compared with approximately AUD 33.4 million in FY25, representing an increase of 51.9%. These measures distinguish management’s normalised performance figures from statutory earnings.

Thredbo generated FY26 revenue of AUD 96.8 million, up 10.6%, and normalised EBITDA of AUD 21.0 million, up 13.7%. The annual report attributed part of the resort’s trading pattern to skiing conditions during the 2025 winter and an unusually warm opening to the 2026 winter. Weather, snowmaking capacity and travel demand remain material operating considerations for the alpine business.

Across the group, cinema results are influenced by film-release schedules and admissions, while hotels face fluctuations in tourism flows, labour costs, refurbishment disruption and guest demand. EVT’s disclosures also identified disruption associated with hotel works and a more difficult trading environment during the final quarter of FY26. Such conditions can affect different divisions at different times.

The FY26 final dividend was AUD 0.23 per share, fully franked, bringing the total ordinary dividend for the financial year to AUD 0.41 per share. The final distribution was paid in September 2026.

Risks to Consider

EVT Limited (ASX:EVT) faces execution risks on hotel openings, refurbishment work and proposed cinema installations. Hotel and cinema demand can fluctuate with household expenditure and tourism trends. Thredbo is sensitive to snowfall, temperature and seasonal visitation. Property commitments, financing costs and lease obligations can also influence cash requirements and reported results. Expansion through third-party hotel-management agreements brings contractual and operational considerations distinct from wholly owned hotels.

What to Watch Next

EVT Limited (ASX:EVT) has scheduled its annual general meeting for 23 October 2026. Investors may examine any operating commentary provided at that meeting, subsequent hotel-management additions, delivery of announced cinema formats and developments in the capital-recycling and structural review processes. The next financial reporting cycle will provide further evidence of trading across hotels, cinemas and Thredbo.

Key Insights

EVT’s FY26 accounts showed increases in normalised revenue, EBITDA and reported profit, alongside management’s continuing emphasis on hotel expansion. The business remains exposed to several operating cycles spanning hospitality, entertainment and alpine tourism. The key observable developments are implementation of its disclosed projects, the performance of its operating divisions and any further updates to capital allocation.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.