New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Serko (SKO) is expected to report a solid FY25 result with continued growth of the Booking.com for Business platform.</li><li>Outlook commentary may be cautious due to recent updates indicating a decline in corporate travel demand, particularly in the US.</li><li>Key focus areas include completed room-night growth for B4B, momentum with the US/GetThere platform, and progress towards SKO's integrated-platform vision.</li></ul>

Serko (SKO) is expected to report a solid FY25 result with continued growth of the Booking.com for Business platform.Outlook commentary may be cautious due to recent updates indicating a decline in corporate travel demand, particularly in the US.Key focus areas include completed room-night growth for B4B, momentum with the US/GetThere platform, and progress towards SKO's integrated-platform vision.

Serko - FY25 Preview—On the Right Flight Path

Serko Ltd

Serko - FY25 Preview—On the Right Flight Path