Intrepid Travel achieved a record performance in 2024, posting revenue of AUS $626 million (£327m), a year-on-year increase of 17%.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) was $42.9m (£22.4m), making last year the best all-round performance in the operator’s 35-year history.
Intrepid has shared the success with its global team, paying $12.8m in bonuses to eligible employees in the form of both cash and shares in its shareholding scheme. Around 555 staff are shareholders.
CEO James Thornton said: “I’m exceptionally proud of our team who are delivering outstanding experiences for our customers and making a positive impact for communities around the world.
“In 2025, we are committed to building on this success and working closely with our industry partners to show that travel can bring people together, foster greater understanding and create positive impact when done responsibly. What we achieved last year is once again proof that it is possible to grow both profit and purpose.”
The operator has re-certified as a B Corp and said it plans to increase investment to accelerate progress in decarbonisation initiatives after acknowledging it is ‘facing challenges with its decarbonisation programme’.
A spokesperson said: “Decarbonisation is challenging because, as an asset-light business, the vast majority of our emissions sit within our supply chain.
“We work with over 6,000 suppliers around the world and they are at different stages in their decarbonisation journey. That’s why we’re committed to being transparent about our progress and championing cross-industry collaboration.
“We’re also continuing to invest in decarbonisation across the global business, with a dedicated team and resources.”
This year, it also plans to invest further in the North American market, with a new sales and marketing office in Seattle, and open new destination management companies around the world.
