Latest Hotels News

Endeavour Group reported steady overall sales for FY25 despite a retail downturn, driven by strong hotel performance and disciplined cost management. A strategic refresh and leadership change signal a new chapter ahead.

Endeavour Group reported a slight revenue decline and a 16% drop in profit for FY25, alongside significant leadership changes including the appointment of a new CEO. The company is advancing its technology separation and sustainability initiatives while maintaining dividend payments.

Aussie Broadband delivered robust FY25 results, with revenue climbing 18.7% and EBITDA up 14.7%, underpinned by strong broadband growth and strategic diversification. The company unveiled its ambitious Look-to-28 plan targeting $1.6 billion revenue by FY28, driven by fibre expansion and wholesale partnerships.

Regis Healthcare has reported a robust FY25 financial performance, marked by significant profit growth and strategic acquisitions, positioning itself for ambitious expansion in Australia’s aged care sector.

Aussie Broadband has reported robust FY25 results with strong revenue and EBITDA growth, boosted by strategic contracts and operational efficiencies. The company sets an ambitious FY26 EBITDA target amid ongoing market expansion.

International Equities Corporation Ltd reported a $1.249 million net loss for FY2025, reflecting ongoing challenges in its tourism segment amid a slowing economy and rising costs. The company’s property development and leasing operations also faced headwinds, leading to a decline in overall revenue and asset backing.

Webjet Group has acquired Locomote to fast-track its business travel offering, aiming for significant growth by FY30, while also launching a $25 million share buy-back program to return capital to shareholders.

Reef Casino Trust reported a 23.9% decline in half-year net profit due to higher regulatory and transaction costs, while announcing a recommended takeover bid at $3.72 per unit. The Trust declared a reduced distribution of 6.63 cents per unit.

Reef Casino Trust faces a new takeover challenge as Morris Group submits a conditional $191.7 million cash offer, competing with the board-backed Iris proposal. The trust’s Independent Board Committee urges unitholders to hold off while assessing the competing bids.

MA Financial Group reported a robust first half of 2025, with record underlying revenue and earnings per share growth driven by strong asset management inflows and rapid expansion in lending platforms.

Iris Cairns Property Pty Ltd has increased its cash takeover offer for Reef Casino Trust units to A$3.72 per unit, with the Reef Corporate Services Limited board unanimously recommending acceptance. The offer values the trust at approximately A$185.3 million and awaits regulatory approvals.

SHAPE Australia Corporation Limited has delivered a robust FY25 performance, marked by double-digit revenue growth and a burgeoning project pipeline. The company’s strategic diversification and geographic expansion underpin a confident outlook for FY26.