Coast Entertainment Holdings (CEH) investor relations material

Executive summary

• Delivered strong half-year results for FY 2026, with robust revenue and earnings growth driven by new attractions, increased marketing, and improved trading conditions.

• FY 2026 is a 53-week year, with the first half including 27 weeks of trading, aiding reported results but underlying like-for-like performance was also robust.

• Ticket sales value rose 46.6% year-over-year, with total visitation up 44.4% and record daily attendance at Dreamworld.

• Operating revenue reached AUD 62.2 million, up 30.2% year-over-year, surpassing pre-pandemic levels.

• Net profit after tax was AUD 3.2 million, slightly higher than the prior period, despite the absence of one-off insurance income received last year.

Financial highlights

• Operating revenue rose 30.2% year-over-year to AUD 62.2 million, driven by a 47% increase in ticket sales and 44% higher visitation.

• Theme Parks & Attractions EBITDA (excluding specific items) increased 169% to AUD 11.2 million, surpassing the full-year FY 2025 result.

• Consolidated EBITDA (excluding specific items) was AUD 8.7 million, up 368% year-over-year.

• Deferred revenue from annual passes increased 43% to nearly AUD 22 million.

• Cash and cash equivalents at period end were AUD 37.6 million, with no drawn debt.

Outlook and guidance

• Positive momentum expected to continue, though growth rates may moderate as the business cycles strong prior-year comparatives.

• Strong fundamentals, high deferred revenue, and a robust annual pass base support recurring revenue into the second half.

• Management remains cautious given challenging discretionary spending conditions but sees no major concerns in leading indicators.

• Ongoing investment in new attractions and customer service expected to support future growth.

• Development application for Dreamworld land is under ministerial review, with timing for a decision unknown.