New Zealand · Delayed Price · Currency is NZD SKY Network Television Earnings Call Transcripts
Fiscal Year 2026
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Double-digit EBITDA growth and strong cash flow were driven by disciplined cost management and the Sky Free acquisition, which expanded digital reach and advertising scale. Revenue rose 8% and underlying NPAT jumped 77% year-over-year, with continued earnings growth expected despite a challenging market.
Fiscal Year 2025
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The meeting reviewed solid FY 2025 results, a rising dividend, and strategic milestones like the Discovery NZ acquisition and renewed rugby rights. Shareholders approved all resolutions, with management reaffirming confidence in digital growth, integration synergies, and dividend sustainability.
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Results delivered within guidance despite economic headwinds, with strong cost control, cash flow, and a 15.8% dividend increase. Acquisition of SkyFree and renewal of rugby rights position the business for future growth, with FY2026 guidance reflecting continued investment and integration focus.
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Interim results were impacted by accelerated satellite migration and higher programming costs, leading to lower revenue and EBITDA, but strong growth in streaming, advertising, and broadband helped offset declines. Programming costs will drop in H2, supporting margin recovery and stable dividend guidance.
Fiscal Year 2024
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The meeting reviewed solid FY24 results, highlighted disciplined cost control, and reaffirmed dividend guidance despite economic headwinds. Strategic priorities include accelerated satellite migration, deepening content partnerships, and ongoing rights negotiations. Shareholder resolutions on auditor fees and director remuneration were approved.
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Solid FY24 performance with all metrics within guidance, strong free cash flow, and a 26.7% dividend increase. Revenue growth target reset to 1-2% p.a. through FY26 amid economic headwinds, but cost control and segment diversification support continued margin and cash flow strength.