Australia · Delayed Price · Currency is AUD Southern Cross Media Group Earnings Call Transcripts
Fiscal Year 2026
-
The merged group reported H1 FY26 pro forma revenue of just over AUD 1 billion, down 1.5% year-over-year, with EBITDA of AUD 106.9 million and NPAT of AUD 34.7 million. Strong digital and audio growth offset challenging market conditions, while cost-saving initiatives and debt reduction remain priorities.
Fiscal Year 2025
-
The AGM highlighted strong financial results, digital growth, and a fully franked dividend, with the board emphasizing the strategic benefits of the proposed merger with Seven West Media. Shareholder proposals to remove directors and amend the constitution were defeated, and all board-supported resolutions passed with strong majorities.
-
A merger between two major Australian media groups will create a leading integrated platform across TV, radio, and digital, with a 50/50 ownership split and $25–$30 million in annual cost synergies expected within two years. The deal is unanimously supported, subject to regulatory and shareholder approvals, and aims to enhance digital growth, market relevance, and shareholder value.
-
Strong FY 2025 results with revenue up 5%, EBITDA up 34%, and digital audio revenue up 29%. Guidance for FY 2026 anticipates continued double-digit digital growth, revenue of $435–$440 million, and leverage below 1x.
-
Strong half-year results driven by 5% audio revenue growth, 47% EBITDA increase, and digital audio profitability. TV asset divestment completed, focus shifts to audio and digital, with further cost reductions and leverage improvement expected.
Fiscal Year 2024
-
The meeting addressed a challenging FY24 with lower revenue and no dividend, but highlighted positive momentum in digital audio and cost reductions. Shareholders voiced concerns over past value destruction and called for further cost discipline. Significant votes were cast against key resolutions, and the board committed to ongoing transformation and improved returns.
-
FY 2024 saw resilient performance amid tough ad markets, with digital audio revenue up 42% and cost discipline driving improved H2 EBITDA. LiSTNR reached EBITDA profitability, CapEx was reduced, and TV asset divestment is underway as deleveraging remains a priority.