Kelsian Group Ltd
ASX:KLS
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Kelsian Group Ltd
ASX:KLS
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AU |
Kelsian Group Ltd
Kelsian Group Ltd. engages in the provision of tourism and transportation services. The company is headquartered in Adelaide, South Australia and currently employs 8,600 full-time employees. The company went IPO on 2013-10-16. The firm is an integrated land and marine, tourism and public transport service provider. The company has international operations across London and Singapore. The company consists of some of Australia’s regarded public transport, marine and tourism brands. The company consists of providers of multi-modal public transport services and tourism experiences, boasting performance-driven capabilities across ferry, bus, and light rail both domestically and internationally. Its includes SeaLink Marine & Tourism, which connects travelers with Australia’s holiday destination and experiences; Transit Systems Group, which operates domestic public transport contracts spanning Australian states and territories, and Tower Transit, which operates international public transport contracts in Singapore and London.
Kelsian Group Ltd. engages in the provision of tourism and transportation services. The company is headquartered in Adelaide, South Australia and currently employs 8,600 full-time employees. The company went IPO on 2013-10-16. The firm is an integrated land and marine, tourism and public transport service provider. The company has international operations across London and Singapore. The company consists of some of Australia’s regarded public transport, marine and tourism brands. The company consists of providers of multi-modal public transport services and tourism experiences, boasting performance-driven capabilities across ferry, bus, and light rail both domestically and internationally. Its includes SeaLink Marine & Tourism, which connects travelers with Australia’s holiday destination and experiences; Transit Systems Group, which operates domestic public transport contracts spanning Australian states and territories, and Tower Transit, which operates international public transport contracts in Singapore and London.
Record Results: Kelsian delivered record first-half FY26 results, with revenue, EBITDA, EBIT, and net profit all showing strong double-digit growth.
Revenue & Earnings: Revenue rose 10.6% to $1.186 billion, and underlying EBITDA jumped 16.4% to $153.8 million.
Margin Expansion: EBIT increased 26.5% to $75.3 million, and net profit after tax (before amortization) was up 32.2% to $52.5 million.
Guidance Raised: Full-year FY26 EBITDA guidance was upgraded to $303–312 million, up from the previous range of $297–310 million.
Tourism Portfolio Sale: Announced the sale of the Tourism Portfolio for $161 million cash, with completion targeted for H1 FY27.
Strong U.S. Performance: U.S. employee shuttle contracts were a key driver of margin and earnings growth.
Capital & Cash Flow: Net operating cash flow rose 26.1% to $83.1 million, with leverage down to 2.7x EBITDA and on target to decrease further.
Outlook: Management expects ongoing strong performance, with continued growth in U.S. contracts and Bankstown rail services, and plans to focus on capital-light organic growth.
