Pursuit completes GES sale for $535M; guides 2025 adjusted EBITDA $98-108M

Pursuit Attractions & Hospitality, Inc.

Q4 revenue $45.8M (+8.5% YoY); full-year revenue $366.5M (+4.6%); net loss from continuing ops of $57.1M.
Completed sale of GES on Dec 31, 2024 for $535M; gain of $421.9M in discontinued ops.
Net leverage near zero after repaying $318M Term Loan B and $75M revolver; new $200M revolver undrawn.
2025 guidance: revenue up low double-digits; adjusted EBITDA $98-108M vs 2024 actual $77.1M.
Growth capex of $38-43M in 2025 includes Forest Park Hotel refresh and tuck-in acquisitions.

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