• Delivered sound financial performance in core business
• Accelerating steps to capitalize on evolving Australian audio landscape
• Commenced 3-year business transformation to improve efficiency and foster innovation

ARN Media Limited [ASX: A1N] provided the addresses by the Chairman and CEO at the company's 2025 AGM. The Chairman noted that despite challenges in the advertising market, ARN delivered sound financial performance in its core business while also accelerating prudent steps to ensure the business is well positioned to capitalize on an evolving Australian audio landscape. The company maintained a stable financial foundation with net assets of $291.4 million and a robust balance sheet. ARN's ambition is to build the most profitable audio entertainment business in Australia, leveraging its trusted radio brands, leading digital audio platform, and focus on long-term growth. The company is investing in content, talent, and technology to future-proof the business and expand its Total Audio proposition. To unlock ARN's potential, the company has commenced a three-year business transformation programme to simplify operations, foster innovation, and ensure long-term returns for shareholders. The CEO provided an overview of the financial and operational performance, highlighting the strong growth in Cody Outdoor, the resilience of the regional business, and the momentum in digital audio, including podcasts. The CEO also addressed the strategic focus on the Melbourne market and the company's stance on freedom of speech and diversity of views. The CEO expressed confidence in the long-term growth opportunities in the audio sector and ARN's ability to deliver value, innovation, and impact for shareholders.

ARN expects to deliver cash cost out of $40 million, approximately 20% of the cash cost base, through the business transformation programme aimed at improving efficiency and fostering innovation.

ARN is focused on executing its strategy, which includes investing in content, talent, and technology to future-proof the business and expand its Total Audio proposition. The company is also evaluating strategic opportunities to expand its footprint, leverage cost efficiencies, and build a diversified, multi-platform audio business that delivers long-term value for shareholders.