InvestSMART

Serko Limited (ASX:SKO)

ALERT: Price-sensitive ASX Announcement for SKO
Current share price for SKO : $1.350 -1.53 (-53.13%)+
Announcement
Release
20 May 2025 8:23AM
Price at Release
$2.880
Full Release
download
Summary
Serko Limited (SKO) released its FY24 financial results, highlighting a 19% increase in operating revenue to NZ$65.8 million and a reduced EBITDA loss of NZ$3.4 million. The company reported strong growth in online booking tool usage and made significant progress in expanding the Booking.com for Business platform. Serko ended the year with a robust cash position and outlined plans for continued investment in product development and scalability. For FY25, Serko forecasts continued revenue growth alongside a transition to positive EBITDA, with expectations of building a leading global business travel marketplace.
Key Points
  • Serko Limited (SKO) announced its financial results for the year ended 31 March 2024 (FY24) and provided guidance for FY25.
  • Serko reported total operating revenue of NZ$65.8 million for FY24, representing a 19% increase year-on-year.
  • The company reported an EBITDA loss of NZ$3.4 million, a significant improvement from the prior year's NZ$13.2 million loss.
  • Strong cash position with NZ$76.2 million in cash and short-term deposits at year-end.
  • Serko’s online booking tool bookings increased by 16% year-on-year.
  • Significant progress was made in delivering the Booking.com for Business platform with increasing customer adoption and transaction volumes.
  • Serko continues to invest in product development and platform scalability.
  • The company is focused on driving further revenue growth and expects to achieve positive EBITDA for FY25.
  • FY25 revenue guidance is between NZ$74 million and NZ$80 million, representing growth of 12% to 22%.
  • EBITDA for FY25 is forecast to be in the range of NZ$2 million to NZ$7 million.
  • Serko maintains its ambition of building a global business travel marketplace.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.