• Revenue in line with prior year at $635.6 million
• Adjusted NPAT up 2.3% to $56.3 million
• Adjusted EBITDA margin of 19.7%, down 0.8ppts

oOh!Media Limited reported its full year results for the year ended 31 December 2024, with revenue in line with the prior year at $635.6 million (2023: $633.9 million). The company's adjusted NPAT increased 2.3% to $56.3 million, while adjusted EBITDA declined 1% to $128.9 million. Adjusted EBITDA margin decreased 0.8 percentage points to 19.7% due to lower than expected revenue growth, which was partially offset by the company's focus on tightly managing operational expenditure. oOh!Media remained disciplined in its contract renewals and continued to invest in digital and data-led innovation, with digital revenue comprising 75% of media revenue and programmatic revenue growing 94% year-on-year. The company's financial position remained strong, with gearing increasing to 0.8x from investment in capital expenditure and increased tax payments. oOh!Media declared a final dividend of 3.50 cents per share, fully franked, bringing the full year dividend to 5.25 cents per share, in line with the prior year.

oOh!Media expects to have an operating cost base of approximately $150.0 million to $155.0 million in CY25, with the restructure announced in December 2024 expected to reduce the company's cost base by at least $15.0 million from CY25.

As the market leader in Australia, oOh!Media is well-positioned to navigate current market conditions, grow market share and improve performance through innovative offerings, disciplined contract renewals and tight expense management.