• CY24 revenue of $636M and adjusted EBITDA of $129M
• Decisive action taken to drive revenue growth and right-size cost base
• Maintained market leadership in ANZ Out of Home market

oOh!media Limited (ASX:OML) announced its financial results for the year ended 31 December 2024 ('CY24'). The company's CY24 results were in line with its December 2024 trading update, with total revenue of $636M and adjusted underlying EBITDA of $137M. Statutory NPAT was $37M. The company took decisive action to drive revenue growth and right-size its cost base, which delivered improved momentum in the second half and sets a strong platform for profitable growth in CY25. oOh! maintained its market leadership in the ANZ Out of Home (OOH) market, as the category continues to outperform the wider media sector. The company's momentum has accelerated in CY25, with double-digit revenue growth in February year to date in an improving OOH market. oOh! also secured customer wins for its retail media offering, reo, with Petbarn, Officeworks and Australia Post pilot signed. The company's financial position remains strong, with gearing at 0.8x and expected to remain below 1.0x adjusted EBITDA. Reflecting the group's financial strength and confidence in the trading outlook, the oOh! Board declared a final dividend of 3.5 cents per share, fully franked, bringing the full year dividend to 5.25 cents per share, fully franked.

oOh! expects to drive revenue and market share growth in CY25, with further tailwinds expected from future interest rate cuts and market growth. The OOH category is expecting mid-to-high single digit growth in CY25. CY25 adjusted gross margin is expected to be broadly in line with CY23/24. CY25 capex is expected to be between $45M and $55M, contingent upon development approvals. Gearing is expected to remain below 1.0X adjusted EBITDA.

The long-term growth outlook for OOH remains highly attractive, as the best performing category in media, having now surpassed 15% of total advertising spend. As the market leader, oOh! is well positioned to continue to innovate to deliver profitable growth and drive shareholder value.