Manchester-based holiday firm On the Beach Group said “another record year is expected” as its revenue rose 7% to £64.2million in the six months to March 31, 2025, with adjusted profit before tax up 23% to £7.6 million.
The firm said its booked total transaction value (TTV) of holidays booked in the period rose 13% to £640.7 million.
On current trading and outlook, On the Beach said: “Board is confident in delivering FY25 profit in line with current consensus expectations (Adjusted PBT £38.2m).
“On track to deliver medium term ambition of £2.5bn TTV, £100m EBITDA and £85m PBT.”
The company added: “Summer ’25 forward order TTV is currently +14%, and on an upward trajectory since the last trading update (+10% as at 25 Feb).
“Early-stage access to the two new expansion markets will contribute to further growth in H2.
“As a result of these factors, and the continued execution of strategy, another record year is expected.”
“Ongoing investment in our proprietary technology platform has supported our ambition to improve our customers’ booking experience, enhance operational efficiency and to build scale.
“Embedding perks into our app has resonated well with customers, while transformational development to our platform have facilitated our successful expansion into Ireland and City break packages, offers which are scaling rapidly and being enjoyed by both new and existing customers.
“Demand for holidays remains strong as our customers continue to prioritise travel, and we are proud to have increased the breadth and quality of our offer so that they can holiday better and more often.
“This trend is reflected in our Summer ’25 forward order TTV which is currently 14% ahead of last year. Our trading momentum, coupled with the continued execution of our strategy, means we are well placed to deliver our biggest summer to date and remain on track with our medium term ambition.”