• Focused on long-term value creation with financial resilience
• Building Australia's most profitable audio entertainment company
• Transforming operations to generate long-term value

ARN Media Limited [ASX: A1N] provided an AGM Presentation and Trading Update, highlighting its focus on long-term value creation. The company has a robust balance sheet with net assets of $291.4m, net debt of $82.2m, and undrawn debt facilities of $64.2m. ARN is working to build Australia's most profitable audio entertainment company, with radio remaining the core pillar. The company is investing in talent, content, and audience growth, as well as expanding its 'Total Audio' proposition and leveraging the iHeartRadio platform. ARN is also transforming its operations, with a $40m business transformation programme over 3 years to reshape the business and reinvest in strategic growth areas. The company is evaluating strategic opportunities amid media consolidation in Australia and is conducting a strategic review of its Cody out-of-home business. Financially, ARN reported revenue growth of 9%, driven by new Cody contracts, with digital audio revenue growing 28%. EBITDA was up $21.5m to $93.1m, though EBIT was $44.5m due to increased depreciation. The company is making progress in its regional markets, with a focus on live and local content, and its digital audio business is delivering profitability and growth. ARN is committed to delivering flat people and operating costs in 2025, with further savings to come in 2026 and beyond.

ARN is focused on long-term value creation, transforming its operations, and building Australia's most profitable audio entertainment company. The company is targeting flat people and operating costs in 2025, with further savings to come in 2026 and beyond. ARN is also evaluating strategic opportunities amid media consolidation in Australia and conducting a strategic review of its Cody out-of-home business.