PRSU

EX-99.1

2 prsu-20260930xexx991.htm

EX-99.1

Document

NEWS FOR IMMEDIATE RELEASE

Exhibit 99.1

PURSUIT REPORTS RECORD THIRD QUARTER 2026 RESULTS AND REAFFIRMS FULL YEAR ADJUSTED EBITDA GUIDANCE MIDPOINT

DENVER, November 4, 2026 -- Pursuit Attractions and Hospitality, Inc. (“Pursuit”) (NYSE: PRSU) today reported record third quarter 2026 results and reaffirmed the midpoint of its prior full year 2026 Adjusted EBITDA guidance range.

“Our record third quarter results reflect exceptional execution from our team during a dynamic peak season,” said David Barry, Pursuit president and chief executive officer. “With our strong results and continued demand for unforgettable experiences in iconic destinations, we are on track to deliver full year growth in line with our prior guidance range, and we remain well positioned to advance our growth pipeline and create long-term shareholder value.”

Key Highlights

•Delivered record third quarter results, supported by Pursuit’s relentless focus on extraordinary guest experiences, disciplined revenue and cost management and investments to scale the business

•Reaffirmed $133 million midpoint guidance for full year 2026 Adjusted EBITDA, representing 14% year-over-year growth, while narrowing the range to $130 million to $136 million

•Enhanced balance sheet strength and strategic focus with sale of non-core Flyover business on July 31, 2026 for approximately $75 million

•Acquired Eagle Wing Tours sightseeing attraction on Vancouver Island on July 14, 2026 for approximately $16 million and advanced transformational organic growth projects across the portfolio in support of Vision 2030 growth targets to drive shareholder value

Third Quarter 2026 Financial Performance

•Pursuit delivered record third quarter revenue of $251.5 million for 2026, representing an increase of 4.4% year-over-year. This growth primarily reflected continued growth across geographies and contribution from Eagle Wing Tours (acquired in July 2026), partially offset by the sale of the Company’s non-core Flyover business (divested in July 2026).

◦Revenue grew 6% year-over-year when adjusting to exclude contributions from the Eagle Wing Tours acquisition and the impact of the divestiture of the Flyover business, driven by strong yield optimization and demand for experiential travel in iconic destinations.

◦On a same-store basis, attraction effective ticket prices and lodging RevPAR both grew 9% year-over-year, reflecting the strength of Pursuit’s guest experience.

•Net income attributable to Pursuit was $82.8 million for the third quarter 2026, up from $73.9 million in the third quarter 2025.

•Adjusted net income* was $85.0 million ($3.03 per share) for the third quarter 2026, up from $75.3 million ($2.65 per share) for the third quarter 2025. The year-over-year improvement primarily reflects higher Adjusted EBITDA* and lower depreciation.

•Adjusted EBITDA* was $125.5 million for the third quarter 2026, up $8.1 million or 7% year-over-year primarily driven by strong flowthrough of higher revenue with margin expansion.

* Refer to Table Two of this press release for a discussion and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure.

In addition to the commentary above, further information regarding Pursuit's financial results, trends, and outlook is available in a supplemental earnings presentation, which can be accessed on the "Investors" section of the company's website, and in the financial tables accompanying this press release.

September 30, 2026 Balance Sheet and Liquidity Highlights

•Total liquidity was $293.0 million at September 30, 2026, comprising cash and cash equivalents of $64.3 million and $228.7 million of capacity available on the company’s $300 million revolving credit facility.

•Total debt was $134.2 million and Pursuit’s net leverage ratio was 0.6x at September 30, 2026, below the company’s target range of 2.0x to 3.5x.

2026 Outlook

“Based on continued demand for our authentic experiences and strong results year-to-date, we are reaffirming our full year 2026 Adjusted EBITDA midpoint expectation of $133 million and narrowing our guidance range to $130 million to $136 million, from $128 million to $138 million, reinforcing our confidence in our ability to deliver,” said Barry.

Pursuit’s Adjusted EBITDA guidance midpoint of $133 million represents growth of approximately 14% year-over-year.

The company’s guidance is below.

(in millions)Full Year 2026 GuidanceFull Year 2025 Actual

Revenue $485 at the midpoint

$460 excluding Flyover

$452.4

$413.8 excluding Flyover

Adjusted EBITDA* $130 to $136

$123 to $129 excluding Flyover

$117.1

$111.9 excluding Flyover

Maintenance Capex $31 to $36

(~7% of Revenue at the midpoint) $33.4

Growth Capex$70 to $80$41.6

Total Capex$103 to $114$75.0

Pursuit’s guidance includes approximately $9 million to $11 million of incremental Adjusted EBITDA from the Tabacón acquisition complet