Pursuit Attractions & Hospitality (PRSU) FY2024 results: revenue $366 million, up 4.6% on the year

Pursuit Attractions & Hospitality, Inc. (PRSU) reported revenue of $366 million for fiscal 2024, the year ended 31 December 2024, up 4.6% on the year before. Net income was $369 million, up 2201.0%, and diluted earnings per share $12.84. The figures are the company's own, from the 10-K it filed with the SEC on 17 March 2025.

Revenue

$366 million

+4.6% on the year

FY2017FY2024

Operating margin

-12.4%

31.0% a year earlier

FY2017FY2024

Net income

$369 million

+2,201.0% on the year

FY2017FY2024

Diluted EPS

$12.84

+4,180.0% on the year

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	366	350	299	+4.6%
Cost of revenue	31.1	31.9	275	-2.5%
Gross profit	335	318	24.1	+5.3%
Gross margin	91.5%	90.9%	8.1%
Selling, general and administrative	57.8	56.8	n/a	+1.8%
Operating income	-45.4	108	68.9
Operating margin	-12.4%	31.0%	23.0%
Interest expense	14.2	6.0	4.1	+137.8%
Pre-tax income	-45.4	27.3	0.5
Income tax	6.3	12.9	5.7	-51.1%
Effective tax rate	n/a	47.4%	1129.4%
Net income	369	16.0	23.2	+2,201.0%
Net margin	100.6%	4.6%	7.8%
Diluted EPS	$12.84	$0.30	$0.53	+4,180.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	49.7	105	73.4	-52.5%
Capital expenditure	56.2	62.4	56.9	-9.9%
Free cash flow	-6.6	42.2	16.5
Free cash flow margin	-1.8%	12.1%	5.5%
Cash from investing	n/a	-74.9	-63.3
Cash from financing	n/a	-36.2	-6.1
Depreciation and amortisation	43.0	37.9	36.1	+13.3%
Share-based compensation	11.2	9.0	7.8	+24.4%
Buybacks	0.0	0.0	0.0
Dividends paid	n/a	n/a	0.0
Dividend per share	n/a	n/a	$0.00
Diluted shares, weighted	21m	21m	21m	+1.5%
Shares outstanding at period end	28m	25m	25m	+12.6%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	526	43.4	14.5	+1,110.7%
Non-controlling interest	90.9	89.2	82.3	+1.9%
Redeemable equity	0.0	4.7	5.0
Debt	71.4	389	470	-81.6%
Operating lease liabilities	36.3	38.0	101	-4.5%
Finance lease liabilities	57.7	59.1	61.8	-2.3%
Other liabilities	62.9	514	356	-87.8%
Total liabilities and equity	845	1,137	1,090	-25.7%
Fixed assets	526	555	550	-5.1%
Goodwill	103	124	121	-16.6%
Intangible assets	64.4	54.9	59.0	+17.3%
Cash and equivalents	49.7	27.4	59.7	+81.2%
Receivables	9.3	8.2	122	+12.8%
Inventory	10.0	9.5	10.8	+5.4%
Other assets	82.1	359	167	-77.1%
Total assets	845	1,137	1,090	-25.7%

10-K for the year ended 31 December 2024, filed 17 March 2025: the filing.