easyJet plc (ESYJY) Q4 2025 Earnings Call Prepared Remarks Transcript

Financial Performance - EasyJet achieved a profit before tax of GBP 665 million for the year ending September 30, 2025, representing a 9% year-on-year increase and an 18% improvement at the EBIT level [1] - The owned asset book value increased by over GBP 0.5 billion during the year, indicating a strengthening of the company's financial position [2] Operational Performance - The company has made proactive investments in resilience, leading to strong operational performance and improved punctuality, despite challenges in the external operational environment, particularly in French airspace [1] - Disruption costs have been materially reduced year-on-year, contributing to enhanced customer satisfaction, which is currently at the highest level in over a decade [2] Strategic Initiatives - EasyJet holidays has surpassed its previous ambitious target and has set a new profit before tax target of GBP 450 million by the full year 2030 [3] - The focus on capital allocation has resulted in a return on capital employed (ROCE) of 18%, a 2 percentage point improvement year-on-year, aligning with the company's medium-term target of high-teen returns on capital [3]