• Revenue up 2% to $96.7 million, driven by double-digit growth in UK and Brazil
• Net profit up 10.8% to $4.9 million
• Adjusted EBITDA down 7% to $12.5 million due to higher operating expenses

GTN Ltd, a provider of advertising platforms in Australia, the UK, Canada, and Brazil, has reported its financial results for the first half of the 2025 financial year. The company recorded revenue of $96.7 million, up 2% from the same period in the prior year, driven by strong performance in the UK and Brazil markets, which saw double-digit growth. However, the Canadian market experienced a 6.1% decline in revenue. Operating expenses increased by 3.2% to $88.1 million, primarily due to a 7.8% rise in station compensation costs and a 12.8% decrease in network operations expenses. This led to a 7% decrease in adjusted EBITDA to $12.5 million. Net profit for the period increased by 10.8% to $4.9 million. The company is looking to exit the Drones business by selling the ATN fleet in the second half of FY25. GTN maintained a strong cash position, with $15.5 million in cash and cash equivalents and net cash of $11.6 million as of 31 December 2024. The company also announced a new on-market share buyback of up to 10% of its outstanding shares and plans to distribute 100% of its first-half NPAT as an interim dividend.

GTN Ltd expects revenue and profit to continue growing compared to previous periods, though no specific financial metrics were provided.

The company is focused on increasing revenue by higher sell-out of its existing advertising inventory across all operating regions. It also plans to exit the Drones business in the second half of FY25.