On The Beach Group

OTB · Main Market · Travel and Leisure · mcap £240m · 170.8p

On The Beach sells beach and city package holidays online, bundling flights, hotels and transfers for mainly UK customers. It earns a margin on each booking and has been shifting its focus to its consumer brands and app.

Target	Promise	Said	Status
2024
FY24	Reinstate dividend from FY24.	5 Dec 2023	✓ Kept
	“Reinstatement of dividend from FY24 reflecting the Group's continuing cash generative position and in line with its capital allocation framework” Result Final FY24 dividend of 2.1p was recommended, an interim dividend followed in FY25, and a 3.0p final for FY25. “the Board has recommended a final dividend of 2.1 pence per share”4 Dec 2024 · 2024 Final Dividend Timetable “the Board has recommended a final dividend of 3.0 pence per share”4 Feb 2026 · 2025 Final Dividend Timetable
FY24	3* value market volumes to exceed pre-pandemic levels in FY24.	5 Dec 2023	◐ Partly kept
	“We expect volumes in the 3* value market to exceed pre-pandemic levels in FY24.” Status so far No later announcement explicitly confirms this; 3* TTV was up 8% at the January update. “B2C 3* TTV is +8%, B2C 5* TTV is +41% and B2C long haul TTV is +86% versus the equivalent period in FY23.”26 Jan 2024 · AGM Trading Update
FY24	Deliver FY24 profit in line with market expectations.	26 Jan 2024	✓ Kept
	“Board is confident in delivering FY24 profit in line with current consensus expectations.” Also stated 14 May 2024 Result FY24 adjusted profit before tax was £31.0m, in line with consensus of £31.0m. 3 Dec 2024 · Final Results
FY24	Resolve historic Ryanair refunds by year-end.	14 May 2024	✓ Kept
	“We are working collaboratively with Ryanair to resolve all historic refunds and expect this to be concluded by year-end.” Result The Ryanair partnership was signed and no later disclosure of outstanding refunds appears. “Transformational partnership agreement signed with Ryanair, enhancing operational efficiency and unlocking further strategic growth opportunities.”25 Sep 2024 · 2024 Pre-Close Trading Update
3 Dec 2024	Recommend final dividend in line with capital allocation policy.	25 Sep 2024	✓ Kept
	“the Board expects to recommend a final dividend in line with its stated capital allocation policy” Result A 2.1p final dividend was recommended. “the Board has recommended a final dividend of 2.1 pence per share”4 Dec 2024 · 2024 Final Dividend Timetable
Summer 2024	Summer 24 significantly ahead of Summer 23.	5 Dec 2023	✓ Kept
	“Current trends and strategy give us confidence that Summer '24 will be significantly ahead of Summer '23.” Result Summer 24 volume growth was 13% and record TTV of £1.2bn was reported. 25 Sep 2024 · 2024 Pre-Close Trading Update
2025
FY25	Deliver FY25 adjusted PBT in line with consensus (£37.9m, later £38.2m).	3 Dec 2024	✗ Missed · target changed
	“Board is confident in delivering FY25 profit in line with current consensus expectations (Adjusted PBT £38.2m).” Also stated 25 Feb 2025 · 13 May 2025 Result September 2025 guided FY25 continuing adjusted PBT to £34.5-35.5m, below consensus. “Board is confident in delivering FY25 profit in line with current consensus expectations (Adjusted PBT £38.2m).”13 May 2025 · Half-year Results “FY25 adjusted PBT on a continuing basis (excluding B2B) is expected to be in the range of £34.5m - £35.5m.”24 Sep 2025 · 2025 Pre-Close Trading Update & £25m Share Buyback
Summer 2025	Summer 25 significantly ahead of Summer 24.	25 Feb 2025	✓ Kept
	“the Board is confident that Summer 25 will be significantly ahead of Summer 24” Result Summer 25 bookings growth was reported at 12% and FY25 TTV was up 11%. “Summer 25 bookings 12% ahead of last year, significantly ahead of the package holiday market”24 Sep 2025 · 2025 Pre-Close Trading Update & £25m Share Buyback
2026
31 Mar 2026	Complete £25m buyback by 31 March 2026.	24 Sep 2025	… In progress
	“The Share Buyback Programme...will end no later than 31 March 2026” Result Not yet due.
FY26	Deliver FY26 adjusted PBT of £18m-25m.	12 May 2026	✓ Kept
	“the Board is confident in delivering Adjusted PBT in the range of £18m-25m” Result September 2026 guided FY26 adjusted PBT to £22-23m, within the range; final results are due 1 December. “FY26 adjusted PBT (”24 Sep 2026 · 2026 Pre-Close Trading Update
H2 FY26	Launch further AI integrations with additional large language models in H2 FY26.	12 May 2026	… In progress
	“we are planning integrations with further LLMs in H2” Status so far Not yet due.
Today · 11 Oct 2026
2027
FY27	Deliver FY27 adjusted PBT of £28-35m.	24 Sep 2026	… In progress
	“the Board is confident of delivering in the year ahead” Status so far Not yet due.
2029
Medium term (by September 2029)	Deliver medium-term ambition of £2.5bn TTV, £100m EBITDA, £85m adjusted PBT and 38.7p EPS.	3 Dec 2024	… In progress
	“The Board remains confident in the delivery of the Group's medium-term ambition of £2.5bn TTV, £100m EBITDA, £85m PBT and 38.7p EPS.” Also stated 13 May 2025 · 24 Sep 2025 · 12 Mar 2026 Status so far Not yet due.
30 Sep 2029	Growth Plan options vest only if adjusted basic EPS reaches 38.7p in any year to September 2029.	6 Oct 2025	… In progress
	“vesting is conditional on delivery of a highly stretching adjusted basic earnings per share target of 38.7p in any of the Company's financial years ending between 30 September 2025 and 30 September 2029” Status so far Not yet due.