Web Travel Group Limited has delivered a record result for the financial year ended 31 March 2026, with revenue reaching $394.1 million, up 20 percent from $328.4 million in the prior year. Net profit attributable to members surged 220 percent to $35.5 million, while earnings before interest, tax, depreciation and amortisation climbed 23 percent to $172.7 million. The underlying group EBITDA of $148.4 million reflects the company’s core operating performance on a standalone basis following its demerger in 2025.
The growth has been broadly distributed across the business. Bookings increased 18 percent, driven by significant organic expansion in the Americas and European regions. Total transaction value expanded by 20 percent in line with bookings growth, while the WebBeds segment, the company’s B2B travel technology platform, recorded particularly strong EBITDA growth of 24 percent. The company has maintained its market leading growth trajectory without compromising margins, with improved total transaction value margins delivering operating leverage across the enlarged booking base.
The financial strength underlying these results is evident in Web Travel Group’s balance sheet and cash generation. The company held $448.1 million in cash as of 31 March 2026 and achieved a cash conversion rate of 107 percent, indicating that operational earnings were sufficient to fund the cash balance and support capital deployment. This substantial liquidity provides management with significant firepower to pursue strategic opportunities, whether through acquisitions, technology investment, or shareholder returns.
The current results mark the first full year of standalone financial performance following the 2025 demerger from the broader travel services group. During the period, the company divested several smaller operations, including Bico Trip Co. Ltd, Destinations of the World Subcontinent Private Limited, Rez Group Pty Ltd, and Travel Tech SRL. These disposals suggest a strategic focus on the core WebBeds B2B platform and the higher-margin segments where the company has achieved market leadership.
For investors, the announcement demonstrates that the demerged entity is executing well independently, with strong organic growth in key markets and improving profitability. The combination of substantial revenue growth, margin expansion, and robust cash generation suggests a business moving up the value chain. The key metrics to monitor going forward include the sustainability of organic growth rates in the Americas and Europe, the trajectory of total transaction value margins as the company scales, and how management deploys the substantial cash position to drive future growth initiatives. This announcement has been flagged as price sensitive and material by the ASX.
View the full ASX announcement (PDF)
About Web Travel Group Limited (ASX: WEB)
Web Travel Group Limited is an online travel booking services company that operates WebBeds, a B2B marketplace for the travel trade. The company aggregates hotel inventory from travel suppliers and distributes it to a network of travel buyers who resell to the travelling public. It operates across Australia, the United Arab Emirates, the United Kingdom, and internationally.
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