Highlights

  • Serko reported a 34% rise in FY26 total income to $120.9 million, supported by strong booking growth and customer expansion.
  • EBITDAFI surged 137% as the company improved operating performance and narrowed its net loss.
  • Serko.ai entered closed Beta in the US, with management targeting an open beta launch in Q3 FY27.

Overview

Serko Limited (NZX:SKO) delivered a strong FY26 performance, with total income rising 34% to $120.9 million as growth in Booking.com for Business and a solid contribution from GetThere supported Revenue expansion. The company also improved underlying profitability, with EBITDAFI increasing sharply and net losses narrowing year over year. Serko highlighted operational discipline despite continued Investment in strategic growth initiatives, including the US rollout of its new AI-powered travel platform, Serko.ai. Management said business travel Demand remains resilient in key markets, and the company has entered FY27 with booking volumes slightly ahead of expectations, supporting guidance for further income growth.

Did Booking Growth and Customer Expansion Lift Serko’s FY26 Performance?

Serko’s FY26 results were driven by strong momentum in its travel platform operations, particularly through Booking.com for Business. Completed room nights increased significantly during the year, supported by growth in active customers and a larger Recurring Revenue base. The company also benefited from the first full-year contribution of GetThere, which strengthened its US presence and helped lift booking volumes. Across its markets, Serko maintained revenue momentum while focusing on operational execution. This helped total income rise sharply and improved Earnings performance, demonstrating the company’s ability to balance growth initiatives with financial discipline.

Can Serko.ai and FY27 Guidance Support Future Growth?

Serko is positioning artificial intelligence as a key driver of its next growth phase, with Serko.ai already in closed beta in the US and receiving early positive feedback. The company expects to launch an open beta version in FY27 as part of its long-term expansion strategy. Management said booking volumes have started FY27 slightly ahead of internal expectations, reflecting resilient demand despite geopolitical and macroeconomic uncertainty. Serko has also guided for higher income in FY27, while maintaining investment in growth initiatives. With a Debt-free Balance Sheet and strong cash reserves, the company remains well-funded to pursue its strategic targets.