Tourism Holdings reports $25.8m loss, plans recovery

Tourism Holdings has reported a statutory net loss after tax of $25.8 million for the financial year ended June 30, 2025.

This compares to a net profit of $39.4m in the previous year.

The result was impacted by $54.5m in one-off adjustments, mainly due to non-cash impairments of goodwill and deferred tax assets in the US and UK.

Underlying net profit, which excludes non-recurring items, was $28.7m, down 45% from $51.8m in FY24.

However, revenue from the sale of services, primarily rentals, increased by 10% to $486.5m.

The company had a group return on funds employed of 6.9%, down from 10% in the previous year.

It said strategic initiatives are underway for underperforming divisions in North America, the UK and Ireland, Australian retail sales, and Australian manufacturing.

The company's goal is to exceed $100m in annualised net profit after tax over the next three to four years.