easyJet’s full-year revenue rose 9% to £10.1bn (as expected). All business areas saw growth, with the Holidays segment expanding at the fastest pace, up 27%. Increased airline revenue was helped by capacity growth and fuller planes.
Pre-tax profit also grew by 9% to £665mn (£653mn expected). The uplift was driven entirely by the Holidays segment as ongoing investment in the Airlines business weighed on performance.
Free cash flow improved by £54mn to £717mn. The net cash position increased by £421mn to £602mn.
In the first half of 2026, losses are likely to get worse as investment in its Airlines segment continues. Full-year capacity is expected to grow by around 7%.
A final dividend of 13.2p per share was announced, up 9%.
The shares fell 1.1% in early trading.
Our view
HL view to follow.
easyJet key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.