Serko (ASX:SKO) Returns to Positive EBITDAFI in FY25, Anticipates Higher Expenditure in FY26

4 min read | August 18, 2025 08:05 PM AEST | By Sonal Goyal

 Highlights

  • In FY25, SKO’s revenue rose 27% YoY to NZD 90.46 million, supported by higher travel bookings, supplier commissions, and services.
  • EBITDAFI turned positive at NZD 2.8 million in FY25, compared to a loss of NZD 1.5 million in FY24.
  • The company’s income forecast stands at NZD 115–123 million, with a higher projected expenditure of NZD 127–133 million.
  • RBA cut interest rates to 3.6%, while Australia’s unemployment rate eased to 4.2% in July.

Serko Limited (ASX:SKO) is an ASX-listed company that provides online travel booking and expense management solutions across New Zealand, Australia, North America, Europe, and other international markets. In the financial year ended 31 March 2025 (FY25), SKO’s revenue rose to NZD 90.46 million, up from NZD 71.19 million in FY24, driven by higher travel platform bookings, supplier commissions, and associated services.

The company delivered a positive EBITDAFI (Earnings before interest, taxation, depreciation, amortisation, foreign exchange impacts, fair value changes and impairment) of NZD 2.8 million, compared to a loss of NZD 1.5 million in FY24, marking a turnaround in operating performance.

However, Serko’s net loss after tax widened to NZD 21.96 million, compared to NZD 15.88 million in FY24.

Recent Corporate Update

On 30 July 2025, Director Robert Clyde McConaghy sold 10,000 securities at NZD 2.860 per share, a transaction formally announced by the company on 5 August 2025.

FY26 Outlook

For FY26, the company expects total income in the range of NZD 115 million to NZD 123 million, supported by continued momentum from Booking.com for Business. Total expenditure is also projected to rise in FY26, falling in the range of NZD 127-133 million.

Broader Economic Context

On 12 August 2025, the Reserve Bank of Australia (RBA) reduced the official cash rate by 25 basis points to 3.6%, aiming to stimulate growth amid global headwinds. The move followed labour market data from the Australian Bureau of Statistics (ABS), which showed the unemployment rate easing to 4.2% in July, down from 4.3% in June, with an additional 25,000 people employed.

These developments suggest improving conditions for the consumer discretionary sectors.

Share performance of SKO

Serko shares slipped 0.43% to close at AUD 2.30 per share on 18 August 2025. In a year, SKO’s share price has fallen 32.75% and is down 34.10% year-to-date. The stock declined 8.37% over the past week, 11.54% over one month, and 20.14% over three months. On a quarterly basis, SKO is down 21.50%. The 52-week high of AUD 3.60 was recorded on 1 April 2025, while the 52-week low of AUD 2.30 was reached on 15 August 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 18 August 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 

Disclaimer

This article has been prepared by Kalkine Media, echoed on the website kalkinemedia.com/au and associated pages, based on the information obtained and collated from the subscription reports prepared by Kalkine Pty. Ltd. [ABN 34 154 808 312; AFSL no. 425376] on Kalkine.com.au (and associated pages). The principal purpose of the content is to provide factual information only for educational purposes. None of the content in this article, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video is or is intended to be, advisory in nature. The content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including but not limited to, in respect of any particular security, transaction, or investment strategy, and must not be relied upon by you as such. The content is provided without any express or implied warranties of any kind. Kalkine Media, and its related bodies corporate, agents, and employees (Kalkine Group) cannot and do not warrant the accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose of the content or the website, and to the extent permitted by law, Kalkine Group hereby disclaims any and all such express or implied warranties. Kalkine Group shall NOT be held liable for any investment or trading losses you may incur by using the information shared on our website.

 


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