How New Attractions Propel Coast Entertainment’s Record FY25 Growth

Robust Financial Performance Amid Challenges

Coast Entertainment Holdings Limited has delivered a standout FY25 performance, posting its highest operating revenue since 2016 at $96.4 million, marking a 10.8% increase over the previous year. This growth was achieved despite ongoing macroeconomic headwinds and weather disruptions, including the impact of ex-Tropical Cyclone Alfred in early 2025. The company’s Theme Parks & Attractions segment was the primary driver, with ticket sales value rising 10.5% and visitation increasing 11.2%, both surpassing pre-COVID levels.

EBITDA excluding specific items climbed 19.4% to $8.8 million, reflecting improved operational leverage and cost discipline. This marks the third consecutive year of positive EBITDA for the segment and the second consecutive year of positive consolidated EBITDA from continuing operations, with the net loss narrowing dramatically to just $0.1 million.

New Attractions Fuel Visitor Growth and Engagement

The successful December 2024 opening of the Rivertown precinct at Dreamworld, featuring the Jungle Rush family coaster, Murrissippi Motors, and Jane’s Rivertown Restaurant, has been a pivotal factor in driving attendance and revenue growth. Guest feedback has been overwhelmingly positive, with the precinct receiving the highest media acclaim since the launch of Steel Taipan three years prior. This new offering has not only enhanced the guest experience but also contributed to increased annual pass sales and higher in-park spending.

Complementing these developments, the company has maintained high operational standards, achieving a 98% attraction uptime and securing a Platinum Safety Award for Excellence in Aquatic Safety for the second year running. These operational achievements underpin the strong guest satisfaction scores that Coast Entertainment continues to enjoy on the Gold Coast.

Strategic Cost Management and Capital Investment

Corporate costs excluding specific items fell by 25.3% to $4.7 million, driven by savings in insurance and audit fees, marking the lowest corporate cost level in over a decade. Capital expenditure remained significant at $49.3 million, reflecting investments in new attractions and infrastructure upgrades, including the ongoing construction of the King Claw ride, slated for summer 2026.

The company also completed a second on-market share buyback, purchasing 34.2 million shares for $14.5 million during FY25, further enhancing shareholder value. With a debt-free balance sheet and $33.9 million in cash, Coast Entertainment is well-positioned to fund future growth initiatives.

Positive Momentum Extends Into FY26

Early FY26 trading data indicates continued strong momentum, with July 2025 ticket sales up 66% and visitation rising 38% year-on-year, buoyed by a successful end-of-financial-year promotion. Revenue increased 16%, supported by a 39% uplift in in-park spending. SkyPoint also recorded its best revenue and EBITDA on record. The company’s strategic collaborations, including partnerships with Network 10 and Endemol Shine Australia to reinvigorate the Big Brother brand, are expected to further enhance brand visibility and guest engagement.

However, regulatory scrutiny over land development plans remains a potential hurdle. Coast Entertainment is currently navigating conditions proposed by the State and Gold Coast Council, with the possibility of ministerial intervention still unresolved. The outcome of this process will be critical for the company’s long-term expansion strategy.