Business
Interim Results
Interim Results.
About this update from On The Beach Group Plc
[{"type":"text","content":"\n\n13 May 2025\n\nOn the Beach Group plc\n(\"On the Beach\", \"OTB\", the \"Company\" or the \"Group\")\n \nINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2025 (\"H1 FY25\")\nBooked TTV up 13%, with strong volume growth of 11%, significantly ahead of the market\n \nAdjusted profit before tax up 23%\n \nExpanded addressable market with 130 Cities now live and brand established in Republic of Ireland\n \nGroup Financial & Operational Highlights\n \n\n\n\n\n\n\n\nH1 25\nUnaudited\n\n\nH1 24(5)\nUnaudited\n\n\nH1 25 vs H1 24\nUnaudited\n\n\n\n\n \n\n\n£'m\n\n\n£'m\n\n\n%\n\n\n\n\nBooked TTV (1)\n\n\n£640.7m\n\n\n£568.7\n\n\n13%\n\n\n\n\nRevenue (2)\n\n\n£64.2m\n\n\n£59.9m\n\n\n7%\n\n\n\n\nAdjusted revenue (3)\n\n\n£64.1m\n\n\n£57.1m\n\n\n12%\n\n\n\n\nAdjusted EBITDA (4)\n\n\n£12.0m\n\n\n£10.1m\n\n\n19%\n\n\n\n\nAdjusted profit before tax (3)\n\n\n£7.6m\n\n\n£6.2m\n\n\n23%\n\n\n\n\nProfit before tax\n\n\n£3.3m\n\n\n£2.8m\n\n\n18%\n\n\n\n\nNet Debt (3)\n\n\n(£29.5m)\n\n\n(£47.3m)\n\n\n\n\n\n\n\nCash in Trust\n\n\n£224.2m\n\n\n£195.9m\n\n\n\n\n\n\n\nDividends per share (interim)\n\n\n1.0p\n\n\n0.9p\n\n\n11%\n\n\n\n\n\n\n(1) Booked TTV ('TTV') is the Group total transaction value of holidays booked in the period before cancellations and adjustments.\n(2) Revenue in the prior year is stated inclusive of £2.8m of exceptional income relating to the settlement of refunds for flights cancelled during COVID-19.\n(3) See glossary for reconciliation to nearest GAAP measure.\n(4) EBITDA is profit before tax, exceptional items, share based payments, depreciation and amortisation, see glossary for reconciliation to nearest GAAP measure.\n(5) The prior period is restated for the effect of operations that were discontinued in the prior financial year.\n \n \nFinancial headlines\n \n\n· TTV was +13%, demonstrating holidays from On the Beach are resonating strongly with the UK consumer.\n\n\n \n\n\n· The increase was driven by booking volumes of +11%, growing significantly ahead of the package holiday market.(6)\n\n\n \n\n\n· Adjusted EBITDA was +19%, reflecting continuing improvement in margins and operational l...