Pursuit Attractions Reports Record 2025 Results, Strong 2026 Guidance, and New Share Repurchase Program

summarizeSummary

Pursuit Attractions reported record 2025 financial results, provided strong 2026 guidance, and introduced ambitious 2030 targets, supported by strategic acquisitions and a new share repurchase program.

check_boxKey Events

• Record 2025 Financial Performance

  The company delivered record full-year 2025 revenue of $452.4 million, a 23.4% increase year-over-year, and Adjusted EBITDA of $117.1 million, representing 52.0% growth. Adjusted net income was $33.5 million ($1.18 per share) compared to $3.7 million ($(0.15) per share) in 2024.

• Strong 2026 Guidance and Ambitious 2030 Targets

  Pursuit expects 2026 Adjusted EBITDA of $123 million to $133 million, reflecting approximately 9% growth at the mid-point (or 14% excluding the Flyover business). The company also introduced long-term 2030 targets, aiming for over $845 million in revenue and over $265 million in Adjusted EBITDA.

• Strategic Capital Allocation and Share Repurchases

  The company repurchased $14.5 million of common stock at an average price of $33.47 per share under its $50 million authorization, with $35.5 million remaining. This follows $126 million in strategic acquisitions in 2025, including the $111 million Tabacón Thermal Resort & Spa.

• Strong Balance Sheet and Flyover Sale Confirmation

  Pursuit ended 2025 with $238.1 million in total liquidity and a low net leverage ratio of 1.0x, well below its target range. The previously announced sale of its Flyover Attractions business for $78.4 million is expected to close in Spring 2026, further aligning the portfolio with core strategy.

auto_awesomeAnalysis

This filing details a robust financial performance for Pursuit Attractions, showcasing significant revenue and Adjusted EBITDA growth in 2025, alongside optimistic guidance for 2026 and ambitious long-term targets through 2030. The company's strategic capital allocation, including substantial share repurchases and key acquisitions, demonstrates a clear path for value creation. The low net leverage provides ample financial flexibility for continued growth investments and shareholder returns, reinforcing a strong investment thesis.