Serko reported a 27 percent year-over-year increase in
income for the 2025 fiscal year, boosted by its acquisition of GetThere, growth
in Booking.com for Business and "solid" performance in the
Australasian region.
Income for the fiscal year, which ended March 31, totaled
NZ$90.5 (US$53.6 million), up from NZ$71.2 million (US$42.1 million) in the
2024 fiscal year. GetThere, which Serko
acquired from Sabre for US$12 million in January, contributed NZ$4.8
million (US$2.8 million) toward that income.
Total online bookings for Serko increased 30 percent year
over year to 6.4 million during the fiscal year. GetThere accounted for 0.9
million.
In the Australasia region, bookings increased 6 percent year
over year to 4.1 million during the 2025 fiscal year, and average revenue per
booking was up 12 percent.
Booking.com for Business, for which Serko is the technology
partner, increased completed room nights by 29 percent year over year to 3.3
million during the 2025 fiscal year. The number of active customers on the
platform increased 29 percent year over year to 222,000, and average revenue
per room night was down 1 percent year over year.
Business travel demand "remains strong," Serko
said, and the company projects total income for the 2026 fiscal year will range
between NZ$115 million to NZ$123 million (US$68.1 million to $US72.8 million).
Serko reported a NZ$22 million (US$13 million) loss for the
2025 fiscal year, a larger loss than the NZ$15.9 million ($9.4 million) loss in
the 2024 fiscal year. Chief executive and co-founder Darrin Grafton said the
company remains "well-capitalized with NZ$61.4 million [US$36.4 million]
in cash and no debt."
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