SKO - Serko. (Travel industry SAS)

[Left Field]

Welcome revenue upgrade and renewal of Booking.Com contract for 5 years..... should turn around the recent downward slide....

https://www.nzx.com/announcements/430224

Mr Grafton said: "This is a strong overall result for Serko, delivering total income above the mid-point of upwards revised guidance in challenging macro-economic conditions. We enter FY25 in a solid position, with positive trading conditions, a renewed partnership with Booking.com and our team focused on executing for the opportunities ahead."

[Left Field]

SKO SP under pressure despite its new contract (as above)...... perhaps the tree is being shaken for a potential take-over? Time will tell.

[Left Field]

Impressive result, heading to profitability on FY25......

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/431831/419565.pdf

• Total income confirmed at $71.2m (+48%)
• Total spend of $83.9 million (+1%), below the FY24 guidance range of $86m – $90m
• FY25 guidance for total income of $85m – $92m
• On track for positive cashflow for FY25

[Teitei]

Impressive result, heading to profitability on FY25......

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/SKO/431831/419565.pdf

• Total income confirmed at $71.2m (+48%)
• Total spend of $83.9 million (+1%), below the FY24 guidance range of $86m – $90m
• FY25 guidance for total income of $85m – $92m
• On track for positive cashflow for FY25

Magic number is $100m revenues.

After that, certain things happen.

[Left Field]

SKO making the right moves.....Cash flow positive and a promising new acquisition...... but amends cash flow positive future.

https://www.nzx.com/announcements/440774

Financial results (unaudited) NZD; change 1H24; change 2H24
 Total income $42.7m; 18%; 23%
 Total spend $44.3m; 5%; 6%
 Operating expenses $50.6m; 12%; 14%
 EBITDAF $1.0m; +$1.7m +$1.8
 Net loss after tax $5.1m; $2.1m improvement; $3.6m improvement
 Free Cash Flow $1.3m; +$4.7m; +$5.0m
 Adjusted Free Cash Flow $2.3m; +$5.8m; +$6.0m

....And has acquired Sabre's Getthere targeing further Nth America expansion

https://www.nzx.com/announcements/440776

Accelerated product and technology investments are anticipated to be approximately $NZ40 million over the next four years. 
 
Serko's aspiration of $250 million in total income by FY30 reflects Serko's current growth trajectory and our assessment of the size of the opportunities ahead.

However FY25 cash flow positive projections are now up in the air.

FY25 Outlook
 Serko affirms its total income guidance from its FY24 results announced in May 2024, anticipating total income to be in the range of $85 million to $92 million for FY25. This does not take into account any expected revenue from the acquisition of GetThere as announced today.
 
 Based on current growth trends, and ongoing execution of plans, Serko anticipates continued acceleration of Booking.com for Business revenues in the second half.
 
 Serko's current business is on track to deliver positive free cash flow for FY25. However, Serko no longer expects to be cashflow positive for FY25 when including the acquisition and accelerated investment announced today.
 


Interesting times ahead for holders......

[winner (n)]

Always smile when I read the loss is 'an improvement' on pcp ....just in case there's a hidden meaning I think while don't they just say we 'lost less'

[Left Field]

Will 2025 be the year for SKO to shine? (This announcement not giving away much....)

https://www.nzx.com/announcements/444759

[Left Field]

Healthy result.....heading the right way.... but too slow for me.

https://api.nzx.com/public/announcement/451872/attachment/443645/451872-443645.pdf

Serko Limited (NZX & ASX: SKO) today reports its audited results for the twelve months to 31 March
2025 (FY25) with total income up 27% to $90.5 million, continuing its track record of high growth....

"Increased total income and our operational efficiency delivered positive EBITDAFI of $2.8 million for
the year, a $4.3m improvement. Total spend-to-income ratio fell from 118% to 102%.

"Our net loss after tax was $22 million, an increase of $6.1 million, reflecting one-off costs and a non-
cash accounting impairment.

"Free Cash Flow showed a $5.2 million improvement, narrowing the net outflow to $1.9 million.

[Left Field]

Latest update....watching from the sidelines.

https://api.nzx.com/public/announcement/462827/attachment/456909/462827-456909.pdf

Financial results (unaudited) NZD change 1H25 change 2H25
Total income $61.8m 45% 29%
Total Spend $59.3m 34% 22%
Operating expenses $65.1m 29% 14%
EBITDAFI $6.1m 393% 303%
Net loss after tax ($9.5m) 86% -44%
Free Cash Flow $3.0m 128% -193%

FY26 Outlook
Serko reaffirms its FY26 total income guidance of $115 million – $123 million.
Serko has revised its Total Spend range to $124 million – $128 million for FY26, from $127 million –
$133 million previously.

[Left Field]

SKO's latest.....another yeah/nah for me.

https://api.nzx.com/public/announcement/472922/attachment/468759/472922-468759.pdf

[winner (n)]

SKO's latest.....another yeah/nah for me.

https://api.nzx.com/public/announcement/472922/attachment/468759/472922-468759.pdf

Pretty dismal result eh leftie

Love that phrase income reached near parity with costs