What were the key financial results for Webjet Group (ASX:WJL) in FY26?

Webjet Group reported an underlying EBITDA of $28.1 million for the 12 months ended 31 March 2026, down from $35 million in the previous year. Statutory NPAT landed at $3.7 million, while the company maintained a strong balance sheet with $138.4 million in net assets and no debt.

Why did Webjet Group’s underlying EBITDA decline compared to last year?

The drop from $35 million to $28.1 million reflects a combination of softer trading conditions and increased strategic investments. This downturn was partially offset by higher-than-usual variable revenue items, but macro headwinds ultimately weighed on the full-year profitability.

What does the FY26 dividend declaration mean for Webjet Group (ASX:WJL) shareholders?

Webjet Group declared a total dividend of 4.0 cents per share, which represents a payout of over 100% of its underlying NPAT. Management intentionally structured this outsized distribution to maximise the return of franking credits to retail investors.

What is the status of the Webjet Group (ASX:WJL) share buyback program?

Webjet Group has commenced an on-market share buyback as part of its capital management plan. However, management noted that the actual execution of the buyback has been restricted due to ongoing corporate activity and scheduled blackout periods.

How healthy is Webjet Group’s balance sheet after the FY26 results?

The balance sheet remains highly defensive and liquid, showing a net cash position of $93.9 million, which excludes $20 million in restricted cash. Because the company carries zero borrowings and holds $138.4 million in net assets, it has substantial financial runway to fund future growth initiatives.

Which business segments performed well for Webjet Group (ASX:WJL) in FY26?

The Cars & Motorhomes division delivered a significant operational turnaround, posting an EBITDA of $4.3 million. This is a substantial increase from the $1.6 million EBITDA recorded for the segment in FY25, providing a bright spot against softer trading elsewhere.

What is Webjet Group’s growth strategy moving forward?

Management is executing a strategic growth plan focused on targeted technology and brand investments. Key pillars include relaunching the core Webjet OTA brand with a refreshed marketing platform, optimising international flight booking products, and rebranding the newly acquired Locomote platform as Webjet Business Travel.

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Webjet Group defies headwinds with dividend boost

Written by Brie CarterPublished May. 20 2026Last Updated May. 20 2026

Webjet Group (ASX:WJL) announced its financial results for the 12 months ended March 31, demonstrating balanced execution and progress on strategic priorities despite a challenging macro environment and softer trading conditions.

The company reported an underlying EBITDA of $28.1 million, down from $35 million in the previous year, which reflects investments and softer markets, though partially offset by higher-than-usual variable revenue items.

Statutory NPAT stood at $3.7 million, while a robust balance sheet was maintained with no borrowings, net assets of $138.4 million, and a net cash position of $93.9 million (excluding $20 million of restricted cash) to provide significant liquidity for future growth.

Highlighting its capital management plan, Webjet Group declared total dividends of 4.0 cents per share, representing a distribution above 100% of its underlying NPAT to maximise franking credits for shareholders.

The company also commenced an on-market share buyback, though execution was constrained by corporate activity and blackout periods.

Webjet achieved a turnaround in its Cars & Motorhomes segment, which delivered an EBITDA of $4.3 million compared to $1.6 million in FY25.

The company continues to drive its strategic growth plan through targeted, disciplined investments.

Key initiatives include the relaunch of the Webjet OTA brand via a refreshed marketing platform, product optimisation to boost international flight bookings, and the acquisition and relaunch of Locomote as Webjet Business Travel.

At the time of reporting, Webjet Group’s share price was $0.43.