Australia's Webjet Group rises on $16 mln buyback program

Webjet

22/08/2025 04:19

** Shares of Webjet Group WJL.AX advances as much as 6.4% to A$0.995, their highest level October 10, 2024

** Digital travel co announces intention to undertake an on-market share buy-back program of up to A$25 mln ($16.06 mln)

** Co says it will maximise franking credit distributions, including special dividends above co's target payout ratio of 40-60% of underlying NPAT

** Adds, it is accelerating its business travel offerings with the A$17 mln acquisition of Melbourne-based travel tech co Locomote Holdings

** Co expects FY26 underlying EBITDA to be broadly in line with FY25 and weighted to the second half

** Over 1.4 mln shares change hands, 3.6x the 30-day avg

** Stock last up 2.9% takes YTD gains to 10.6%

($1 = 1.5564 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))