Key Highlights

• Australia’s largest travel services provider with 2,600+ retail locations across 15+ countries generating record transaction volumes
• FY26 earnings guidance AUD$315-350M (+15% growth) driven by corporate travel resilience and cruise line expansion partnerships
• Corporate segment achieving record TTV of AUD$6B in H1 (+140% vs. pre-COVID), supporting consistent fee-based revenue growth
• Dividend yield 3.61% backed by strong cash generation recovery and on-market share buyback program demonstrating capital confidence
• 52-week pullback to $11.30 (from $16.56 high) creates entry opportunity for investors believing in travel demand resilience

Introduction

Flight Centre Travel…