Pursuit Attractions & Hospitality, Inc. Q3 FY25 Results
PRSUQ3 FY25 ResultsAnnounced Nov 5, 2025, 07:00 AM| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 241.02 | 106.5% | 47.1% |
| Total Income | 241.02 | 106.5% | 47.1% |
| Expenditure | 135.27 | 27.5% | 65.3% |
| PBT | 105.75 | 895.8% | 59.1% |
| Net Profit | 73.85 | 1207.1% | 51.9% |
| OPM | — | ||
| NPM | 30.64% | 25.81pp | 19.97pp |
| EPS | 2.61 | 1205.0% | 55.4% |
Pursuit Reports Q3 2025 Results: Revenue Up 32.2% YoY
04 May 2026 · 4 May, 8:01 am
Summary
Pursuit Attractions and Hospitality, Inc. reported record third quarter results for 2025, with revenue increasing by 32.2% to $241.0 million. Net income attributable to Pursuit rose by 51.9% to $73.9 million, and adjusted EBITDA increased by 41.5% to $117.4 million. The company is raising its full year 2025 adjusted EBITDA guidance to a range of $116 million to $122 million. Management highlighted strong revenue growth across all geographies and margin expansion due to operating leverage and cost discipline.
Key Highlights
- 1
Pursuit delivered a record third quarter performance with significant year-over-year growth in 2025.
- 2
Third quarter revenue increased by 32.2% to $241.0 million compared to the prior year.
- 3
Net income attributable to Pursuit was $73.9 million, a 51.9% increase from $48.6 million in the prior year period.
- 4
Adjusted EBITDA increased by 41.5% to $117.4 million compared to $82.9 million in the prior year.
- 5
Diluted EPS attributable to Pursuit increased by 57.6% to $2.60 from $1.65 in the prior year.
- 6
The company is raising full year 2025 adjusted EBITDA guidance to be in the range of $116 million to $122 million.
- 7
Total liquidity was $274.4 million at September 30, 2025, including $33.8 million in cash and cash equivalents.
Management Comments
David Barry
We delivered record third quarter results with strong revenue growth compared to the prior year across all geographies, including exceptionally strong growth from Jasper's recovery, paired with margin expansion from the strong operating leverage in the business and our continued cost discipline. These record results exceeded our expectations, with particular strength in demand across our Canadian operations and at Sky Lagoon, supported by continued global secular trends towards experiential travel in iconic locations, our differentiated businesses, and our passion for delivering incredible experiences for our guests. Our performance showcases the strength of our guest obsessed, experience driven, hospitality-focused culture. This summer, our talented team welcomed millions of visitors and delivered unforgettable experiences with care, passion and precision. Our deep connection to the guest, iconic locations and perennial demand set Pursuit apart and fuels our momentum as a growth company in the large and growing leisure travel space. With our exceptional third quarter results, we are raising our full year guidance by $6 million at the mid-point. We now expect full year 2025 adjusted EBITDA to be in the range of $116 million to $122 million. Looking ahead, we believe Pursuit will remain well-positioned relative to consumer demand trends for our differentiated and authentic guest experiences in iconic destinations. We are poised to drive sustainable growth and long-term shareholder value. Our proven Refresh, Build, Buy growth strategy continues to deliver extraordinary results and enhance our collection of irreplaceable assets, backed by a strong balance sheet and disciplined execution. With our low net leverage ratio and recently upsized revolver, we have both the financial and operational capacity to invest in one-of-a-kind experiences in the world's most beautiful locations. Our pipeline remains robust, with targeted acquisition opportunities and over $250 million of identified organic growth investments within our existing businesses.
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