• Group revenue expected between $178-$182 million
• Adjusted EBITDA forecast at $15.5-$17.5 million
• Closing cash expected at $23-$25 million

GTN Limited (ASX: GTN) has provided an update on its expected financial performance for the financial year ending 30 June 2025 (FY25). The company expects Group revenue to be in the range of $178 million to $182 million, compared to $184.2 million for the previous year. Adjusted EBITDA for FY25 is expected to be in the range of $15.5 million to $17.5 million, compared to $22.3 million in the prior year. The Adjusted EBITDA forecast includes approximately $1.7 million in one-off corporate costs related to a takeover at the end of 2024 and rebranding costs of around $0.7 million. Additionally, the company expects to invest approximately $1.7 million in affiliate costs across the Group, which is expected to drive future growth. GTN expects closing cash to be in the range of $23 million to $25 million, after paying around $8 million in dividends, repaying debt of approximately $8 million, and completing a share buyback of approximately $5 million during FY25. The company has also secured a new $35 million bank debt facility, which remains undrawn. GTN does not plan to update its guidance prior to the release of its Appendix 4E/Results for Announcement to the Market, unless there is a material deviation from the forecast.

GTN expects FY25 Group revenue to be in the range of $178 million to $182 million, and Adjusted EBITDA to be in the range of $15.5 million to $17.5 million.