Flight Centre Travel Group (ASX: FLT) had come out with a fresh update to its buy-back announcement on the ASX. The update indicated steady progress in this Buy-Back program of $200 million, which is one of its principal capital management policies.
The program, which began on 12 May 2025, will terminate on 28 April 2026. The Flight Centre on-market buy-back of fully paid ordinary shares is in progress.
Rather than purchasing a given number of shares, the company had set out for its purchase program to be one with a value cap of approximately AUD 200 million. Such a situation allows flexibility to purchase shares when market conditions are favourable.
The program was set up to increase capital efficiency and the potential return of value to investors through a reduction in the number of shares on issue.
Flight Centre updates $200m buy-back, marking steady progress in capital management strategy.
How many shares have been repurchased so far?
As of 15 September 2025, Flight Centre reported:
- 6,506,486 shares had been repurchased up to 12 September 2025.
- More shares were repurchased on 12 September 2025, amounting to 209,604.
- The total consideration paid until now stands at AUD 82,998,704.32, of which AUD 2,541,452.69 represents the amounts paid for shares most recently repurchased.
This gives an extraordinary figure of over 6.7 million shares being repurchased under the program, definitely representing a good chunk of the program’s intended value.
Why is Flight Centre pursuing this capital management strategy?
- Flight Centre’s directors stated it as a fundamental component of the company’s capital management strategy.
- The company would consider repurchasing shares at any time when it would be in the interests of shareholders.
- Management reserves the right to vary, suspend, or discontinue the program in any way based on prevailing conditions.
- It is a reminder of their utmost confidence in the balance sheet of the company and its ability to generate cash flows.
- By shrinking the number of outstanding shares, the program, depending on profits, can help increase earnings per share.
This will give a clear signal to the market that management believes in the long-term value of the group.
Flight Centre drives $200m buy-back with shareholder-focused flexibility
What are the price details of the buy-back?
Flight Centre provided the following key price points:
- Highest price so far: AUD 13.90, paid on 15 May 2025.
- Lowest price paid: AUD 11.95, on 1 August 2025.
- On the last trading day, which was the 12th of September 2025, shares were bought between the price range of AUD 12.07 and AUD 12.22.
- The highest price allowed for such purchases under the ASX listing rule 7.33 was AUD 12.8737.
These figures stand as a testimony to management buying shares at market levels in alignment with the value creation targets.
Who oversees the Flight Centre ASX buy-back announcement?
UBS Securities Australia Limited was appointed as the executing broker in the transactions on the market.
No shareholder approval was required, as the buy-back is an on-market repurchase under the rules.
The program is taking place in the company’s ordinary fully paid shares (ASX: FLT), with 222,096,244 shares currently on issue.
What does this mean for Flight Centre investors?
The present buy-back carries the following implications for investors:
- Support for share price: Recurrent purchase of shares in the market can establish demand for the stock and help maintain its price.
- EPS uplift: With fewer shares in issue, the profitability metrics can be improved if the earnings stay constant.
- Confidence signal: The program thus brings out confidence by management in its financial strength and market positions.
For the investors, it thus becomes imperative to keep track of the pace and pricing of buy-backs going forward to keep a tab on measures gauging the effect of the program.
Conclusion: Clear commitment to shareholder returns
The announcement of the Flight Centre ASX buy-back has further emphasized the corporation’s intent on creating shareholder value. With more than 6.7 million shares repurchased to date and a further allocation of up to AUD 200 million, the Flight Centre Travel Group share buy-back 2025 manifests forcefully in its capital management strategy.
How the program runs up to April 2026, in regard to progression on share prices and market conditions, shall continue to attract observational attention from investors.
Also Read: Magellan On-Market Buy-Back Update: September 2025 Report
FAQs
Q: What is the Flight Centre’s budget for the buy-back program?
A: The company plans for the buy-back program to absorb a capital outlay of up to AUD 200 million.
Q: How many shares have been repurchased so far?
A: Over 6.7 million shares had been repurchased as of 15 September 2025.
Q: What is the schedule of the buy-back?
A: It commenced on 12 May 2025 and runs through to 28 April 2026.
Q: Who takes care of the buy-back transactions?
A: UBS Securities Australia Limited is the broker that is purchasing on the ASX.
