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Experience Co Ltd ASX:EXP

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

202420252026

31 Dec 2023 to today

Commentary Showing 2 of 8

DateManagerActionSummary

31 Jul 2026Perennial PartnersHeldPerennial Partners continues to hold Experience Co after the stock rose 29.3% following an announcement proposing to combine its Australian and New Zealand skydiving operations with New Zealand-based Inflite Group. Under the proposed transaction, Experience Co would receive $41 million of upfront cash, a $5 million vendor note and retain a 32.5% interest in the combined business, which the manager believes would strengthen the balance sheet, crystallise value from the division and provide greater flexibility for future investment or capital management.

Monthly Report, price recorded $0.10

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31 Jul 2026Forager FundsHeldForager Funds continues to hold Experience Co Ltd because a strategic review of the skydive and adventure group has produced a potential fix for its underperforming Skydive Australia business. Forager notes that New Zealand aviation-tourism business Inflite has offered to purchase Experience Co's Australasian skydive operations in a deal worth about $65 million, comprising $41 million cash upfront, $5 million cash later and a 32.5% stake in the combined entity. The fund manager views this as a good potential outcome but cautions it is not guaranteed, with due diligence, approvals and binding documentation still required.

Monthly Report, price recorded $0.10

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6 more comments on EXPPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on EXP.

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Articles

31 Jul 2026Experience Co's Struggling Skydive Business Finds a $65m Fix

About Experience Co Ltd

Consumer Discretionary, Hotels, Restaurants and Leisure

Experience Co (ASX:EXP), the skydiving and adventure tourism operator, has proposed a fix for its struggling skydive business. In July 2026, Forager Funds noted a strategic review produced a potential solution for the underperforming Skydive Australia business, with Perennial reporting a 29% share price rise after Experience Co proposed combining its Australian and New Zealand skydiving operations with New Zealand group Inflite. Earlier, Forager said the Australian skydive business had been hurt by weak international visitor volumes and cost-of-living pressure. Experience Co operates in the Consumer Discretionary sector within the Hotels, Restaurants and Leisure industry, and Thesis Tracker has captured 8 comments from 2 fund managers, Forager Funds and Perennial Partners. Headquartered in Sydney, Experience Co operates adventure tourism experiences including Skydive Australia, Skydive the Beach, Wildlife Habitat and Great Barrier Reef tours in Australia and New Zealand.

Market cap: $65m
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $0.07 to $0.15

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Experience Co Ltd (ASX:EXP)?

Fund managers including Forager Funds and Perennial Partners have invested in Experience Co Ltd (ASX:EXP).

What opportunities or catalysts do fund managers highlight for Experience Co Ltd?

Forager and Perennial highlight the proposal to combine Experience Co's skydive operations with Inflite, which could resolve the underperforming skydive business and unlock value.

What are the key risks to the Experience Co Ltd investment thesis, according to fund managers?

Forager notes weak international tourist volumes, cost-of-living pressure on domestic customers and industry challenges hurting the skydive business, and Perennial observed continued share price declines before the announcement.

What does Experience Co Ltd (ASX:EXP) do?

Experience Co. Ltd. is an Australian adventure tourism company headquartered in Sydney. Founded in 1999 by Anthony Penn Boucaut, the company operates through three core business segments: Skydiving, which provides tandem jumps and related products; Adventure Experiences, featuring diverse brands primarily based in the Cairns region; and Corporate, which facilitates centralized management and business administration services.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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