Webjet takeover talks with both Helloworld Travel Limited and Australian private equity firm BGH Capital have been terminated after no binding bids emerged with the OTA now refocusing on its standalone FY30 growth strategy.
Webjet Group has formally ended Webjet takeover talks with Helloworld Travel Limited and BGH Capital, choosing instead to double down on its standalone strategy and long-term FY30 growth plan.
The move follows a 12-week due diligence period during which neither party submitted a binding proposal aligned with their initial indicative offers.
In November 2025, Helloworld proposed acquiring 100 per cent of Webjet shares that the OTA did not already own at 90 cents per share. That same month, BGH Capital lodged a competing 91-cent-per-share off-market takeover offer for the shares it did not already hold.
According to the Webjet Group, neither Helloworld nor BGH Capital delivered a binding bid consistent with their preliminary proposals following due diligence.
With Webjet takeover talks now concluded, the OTA will concentrate on executing its existing FY30 strategy, targeting growth across its core businesses, expanding market reach and increasing investment in technology.
Following the cessation of the talks, Webjet also reinstated its $25 million on-market share buyback program, underlining the board’s confidence in the company’s underlying value.
The company continues to see growth potential, including an increase in brand awareness and revenue per booking after the brand relaunch in October 2025 – described as the biggest transformation in the OTA’s history.
However, Webjet has revised its FY26 underlying EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) guidance down to $28-29 million (excluding Webjet Business Travel) from previous estimates of $30-32 million, citing a “challenging trading environment” in the second half of FY26.
In a statement to the ASX, the Webjet Board said it remains open to future change-of-control proposals that represent compelling value for shareholders and offer sufficient certainty of execution within an acceptable timeframe.
Webjet shares fell 22.6 per cent to 60 cents on 13 February 2026, after previously trading up to 88 cents when the initial takeover bids were announced.
For now, the end of Webjet takeover talks signals renewed confidence in the company’s independent trajectory.
Find out more at webjetgroup.com
KARRYON UNPACKS: For the travel trade, the conclusion of Webjet takeover talks removes short-term ownership uncertainty but restores the company’s strategic clarity. The move shifts the focus onto the OTA’s delivery of its FY30 strategy in a competitive environment.
