Shares of Flight Centre Rise After Agreeing to Acquire UK Cruise Agency, Raising Fiscal 2026 Guidance

MT Newswires Live
Dec 11, 2025

Shares of Flight Centre Travel Group (ASX:FLT) rose past 8% in recent Thursday trade after it said in a late Wednesday filing that it conditionally agreed to acquire Iglu, a UK-based online cruise agency, for an upfront payment of 100 million pounds sterling.

The deal, which has an enterprise value of 122 million pounds sterling, is expected to be completed on Thursday and to be earnings per share accretive in fiscal year 2026, the filing said.

The company now expects its annualised cruise-related total transaction value to cross AU$2 billion in fiscal year 2026, the filing added.

It also expects to earn annualized synergies of about 2.1 million pounds from the deal within two years, the company said.

FLT also raised its fiscal year 2026 underlying profit before tax (UPBT) in the range of AU$315 million to AU$$350 million, up from its previous guidance of AU$305 million to AU$340 million, the company added.

It recorded UPBT of AU$289.1 million last year.

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