Serko Ltd (SERKF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Circle FY26 full-year results announcement. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Darren Grafton, CEO. Please go ahead. Good morning, everyone, and thanks for joining our investor briefing for FY26 financial results. I'm Darren Grafton, CEO of Circle. and I'm joined by our CFO, Shane Sampson, and our COO, Matthew Geary. Let's begin on slide four. This morning I'll take you through our performance and highlights for the year. Shane will cover the financial results in detail, and Matt will update you on our strategic progress. I'll then return to cover our FY27 outlook before the Q&A. Unless otherwise stated, all comparisons are to the FY25 and dollar references are to the New Zealand dollar. FY26 was a strong year for Serco, demonstrating both the quality of our business and our ability to execute. We delivered total income at the top end of our narrowed guidance range and materially grew our EBITDA fee. Booking.com for Business continues to deliver strong growth and we remain the market leader in Australasia. We are also leveraging our IP and experience to drive rapid progress. Serco AI is now in a closed beta in the US with the first users onboarded. Finally, Discipline Cost Management continues to support efficient growth with total spend at near parity to total income. while preserving a well-capitalized balance sheet. We enter FY27 with strong momentum and a disciplined focus on execution. I'm now turning to slide five. Total income grew 34% to $120.9 million, driven by strong momentum in Booking.com for Business and the first full year of the Get There revenue. which added $16.1 million. Total spend was at 102% of total income, with guidance reflecting disciplined cost mana...