Serko handles corporate travel management and expenses, and operates the Booking.com for Business platform. Photo: Unsplash
Travel software company Serko has lifted its income thanks to its partnership with global giant Booking.com, while its bottom-line loss deepened largely due to one-offs.
Key numbers for the 12 months ended March compared with a year ago:
- Net loss $22m vs $15.9m
- Revenue $90.5m vs $71.2m
- Operating expenses $107.6m vs $89.7m
- Adjusted earnings (EBITDAFI) $2.8m gain vs $1.5m loss
- No dividend
Serko said the result was driven by ongoing demand and growth from Booking.com for Business, with completed room nights and active customers both increasing 29 percent.
Serko reported higher forward exchange contract losses and a $5.4 million non-cash accounting write-down, driving down its bottom-line.
The company said its Australasian business was "solid", and included $4.8m of income from the acquisition of online booking platform GetThere.
"Our pre-acquisition business generated positive free cash flow for FY25 of $7.4m, an improvement of $14.5m," chief executive Darrin Grafton said.
"Serko is pursuing new growth, supported by targeted investment in its platform and North American expansion," he said. "We are in a strong position to do this, with continued income growth, cost discipline and an increase in our capability, including in data and AI."
Serko forecast full-year income in 2026 to be between $115m to $123m, driven by its Booking.com for Business earnings.
It expected total spending to be between $127m to $133m.
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