Tourism Holdings (ASX:THL, NZE:THL) said its 2025 underlying net profit after tax will be "significantly" below the current analyst consensus of AU$45.2 million due to tariff impacts, according to a Thursday Australian and New Zealand bourse filing.
Due to a sharp drop in interest for inbound travel to the US, the company has seen a substantial slowdown in new bookings and increased cancellations for the US rentals' high season.
Positive factors like growth in rental demand in Canada and slightly increased domestic rental demand in the US are not expected to materially offset the shortfall in international bookings in 2025, the filing said.
The company said it has no need or intention to raise equity and is comfortable with its banking covenant position based on the current trading outlook.
The company's Kiwi shares dropped 11% in recent Thursday trade, earlier reaching their lowest since May 2020. Its Australian shares fell past 12%, hitting an all-time low.
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