Coast Entertainment posts $6.1M FY26 profit
- Coast Entertainment reported a statutory net profit after tax of $6.1 million for the financial year ended June 30.
- Following the announcement, the Coast Entertainment share price closed down 2.78% at $0.52.
- The company stated that the strong financial result was driven by solid theme park ticket sales and operational growth.
Coast Entertainment (ASX:CEH) reported a net profit after tax of $6.1 million for the 53-week financial year ended June 30.
The result marked a return to net profitability compared to the net loss of $0.1 million reported in the previous 52-week financial year.
Strong theme park & attractions performance despite ongoing macroeconomic headwinds, with ticket sales up 33% and total visits of 2 million, up 29.3%.
"The board is also delighted to have achieved planning approval for the group’s Coomera landholdings," stated Coast Entertainment Chairman Dr Gary Weiss.
Operating revenue reached $116.5 million, representing a 20.8% increase from the prior corresponding period.
The business recorded consolidated EBITDA excluding specific items of $13.8 million, alongside a cash balance of $35 million as of June 30.
Following the announcement, the Coast Entertainment share price was down at $0.52.
The company operates major Australian tourist assets, including the Dreamworld theme park and SkyPoint observation deck on the Gold Coast.
Management previously commissioned independent valuations showing fair values of $295.9 million for Dreamworld and $51.5 million.
