What were the key highlights of Serko’s (ASX:SKO) FY26 financial results?

Serko delivered a 34% increase in total income to NZ$120.9 million for the year ended 31 March 2026. The travel tech provider also saw its EBITDAFI surge 137% to NZ$6.5 million, while its net loss after tax narrowed by NZ$4.2 million to sit at NZ$17.7 million.

Is Serko (ASX:SKO) profitable after its latest earnings report?

No, Serko is not yet profitable on a net profit level, recording a net loss after tax of NZ$17.7 million for FY26. However, its underlying operating earnings showed significant improvement, with EBITDAFI climbing 137% to NZ$6.5 million and the net loss narrowing from the previous year.

What drove Serko’s (ASX:SKO) 34% top-line income growth?

Growth was primarily driven by Booking.com for Business, which saw completed room nights rise 31% to 4.3 million and active customers grow 36% to 301,000. Top-line revenue was further bolstered by a solid performance in Australasia and a NZ$16.1 million full-year contribution from GetThere.

What is Serko’s (ASX:SKO) current cash flow situation?

Serko's free cash flow decreased by NZ$2.5 million over the financial year, closing at a negative NZ$4.4 million. This cash burn reflects ongoing strategic spending, though management noted that total expenditure remained within the company's narrowed guidance range.

How are Serko’s (ASX:SKO) profit margins and expenses tracking?

Total spend reached NZ$122.9 million, which represents 102% of Serko's total income, bringing the company to near-parity with its cost base. While costs remain high relative to income due to heavy product investment, tighter cost discipline successfully improved operating leverage and lifted EBITDAFI to NZ$6.5 million.

What is Serko’s (ASX:SKO) growth strategy regarding artificial intelligence?

Serko is pivoting heavily toward AI with the US closed-beta launch of Serko.ai, its new multi-agent travel solution. Management is leveraging its proprietary data and customer trust to scale this platform globally, aiming to transform the business from a traditional corporate travel booking tool into an AI-driven service.

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Serko income surges 34% amid AI expansion

Written by Mahathir BayenaPublished May. 19 2026Last Updated May. 19 2026

Serko (ASX:SKO) announced its audited financial results for the year ended March 31, delivering a 34% growth in total income to NZ$120.9 million.

The strong performance was primarily driven by the ongoing expansion of Booking.com for business, which recorded a 31% increase in completed room nights to 4.3 million and a 36% growth in active customers, totalling 301,000.

Additionally, solid regional performance in Australasia and the first full year of GetThere revenue, contributing NZ$16.1 million, bolstered the company's top-line growth.

The travel technology provider reported a 137% lift in EBITDAFI to NZ$6.5 million, reflecting a substantial improvement in underlying operating earnings.

Meanwhile, tighter cost disciplines helped narrow Serko's net loss after tax by NZ$4.2 million to NZ$17.7 million.

Total spend reached NZ$122.9 million—representing 102% of total income—as the company maintained rigorous financial discipline despite heavy strategic investments to support the US launch of its new product.

Free cash flow decreased by NZ$2.5 million, closing at a negative NZ$4.4 million.

Looking forward, Serko has launched the closed-beta phase of Serko.ai, its new multi-agent AI solution, in the United States.

Serko CEO and co-founder Darrin Grafton stated that early validation from travellers has been positive, keeping the company on track for a broader open-beta release in the third quarter of FY27.