Kelsian Group (ASX:KLS) announced a landmark set of half-year results alongside a major strategic divestment of its tourism assets.
For the six months ended Dec. 31, 2025, the transport giant reported record growth across all key financial metrics.
Revenue climbed 10.6% to $1.19 billion, while underlying EBITDA rose 16.4% to $153.8 million. Statutory net profit after tax surged by 61.6% to $32.4 million.
The performance, driven by new US employee shuttle contracts and robust marine operations, prompted the company to upgrade its full-year underlying EBITDA guidance to between $303 million and $312 million.
Shareholders will receive a fully franked interim dividend of 8 cents per share.
Simultaneously, Kelsian confirmed it has entered into binding agreements to sell its Tourism Portfolio to Journey Beyond for $161 million on a cash and debt-free basis.
The divestment includes iconic brands such as Captain Cook Cruises and SeaLink operations in Fraser Island and Tasmania.
CEO Graeme Legh stated the sale allows Kelsian to sharpen its focus as a "leading global transport business" centred on contracted marine, bus, and motorcoach operations.
The transaction, which is subject to ACCC and FIRB approvals, is expected to completed during the first half of FY27.
Proceeds from the sale are earmarked for debt reduction and the pursuit of selective growth opportunities, such as the company's recent expansion into the UK market with the acquisition of South Wales Transport.
At the time of reporting, Kelsian Group's share price was $4.21.