EVT stock reports FY26 growth as hotels become the focus

Published on 10/07/2026 at 01:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EVT stock was last at AUD 14.00 on October 6, 2026, while FY2026 revenue reached AUD 1.3 billion. A strategic review targets hotel-led growth.

EVT, AU000000EVT1, Illustration mit AI erstellt.

EVT (ISIN AU000000EVT1) was last at AUD 14.00 on the ASX on October 6, 2026 at 4:10 p.m. AEDT, up 0.14 percent from the prior close of AUD 13.98. The latest company figures point to a hotel-led growth strategy after a stronger FY2026 performance.

FY2026 revenue reaches AUD 1.3 billion

According to Yahoo Finance on August 24, 2026, EVT reported normalized FY2026 revenue of AUD 1.3 billion, up 6.3 percent from the prior year. Normalized EBITDA reached AUD 174.4 million, with EBITDA growth of 8.4 percent, while reported net profit after tax rose AUD 17.3 million to AUD 50.7 million.

The earnings mix matters because Entertainment EBITDA increased 45.8 percent, while Hotels grew 1 percent and Thredbo increased 13.7 percent. EVT therefore enters FY2027 with stronger operating leverage, although the result remains exposed to film performance and winter conditions.

Hotels lead the next growth phase

EVT now operates 101 hotels with more than 16,000 rooms across its hotel platform, including Connect Hospitality, according to Yahoo Finance. Connect Hospitality lifted comparable RevPAR 11 percent and gross operating profit 20 percent, giving management a quantified basis for prioritizing asset-light expansion.

MarketScreener lists an Add consensus from six analysts and an average price target of AUD 16.00. That target lies 14.3 percent above the AUD 14.00 ASX price, giving the consensus a clear numerical gap to the current quote.

Asset review sets a capital test

On September 17, 2026, EVT announced a strategic review of its group structure and identified AUD 800 million of non-core property for potential divestment, according to MarketScreener. Management has linked the capital recycling program to hotel expansion and possible special dividends, while the independent review keeps the eventual structure open.

The balance sheet adds a second constraint. EVT reported net debt of AUD 476.1 million at June 30, 2026, against an AUD 750 million debt facility, so the proceeds and timing of any asset sales will influence both growth investment and capital returns.

EVT stock keeps a wide yearly range

EVT stock was last at AUD 14.00 on the ASX on October 6, 2026 at 4:10 p.m. AEDT, with a 52-week range of AUD 11.22 to AUD 16.15. Its market capitalization was AUD 2.3 billion and volume was 72,412 shares on that timestamp.