• Successful completion of sale of remaining TV assets to Seven West Media
• Audio revenues up ~5% in FY25, with continued growth momentum
• Net debt reduced to ~$68 million, leverage ratio below 1.30x

Southern Cross Media Group Limited (SCA) has announced the successful completion of the sale of its remaining television assets in Tasmania, Spencer Gulf, Broken Hill, Mt Isa, Darwin and Remote, Central and Eastern Australia to Seven West Media (SWM). This transaction marks SCA's full divestment of all television assets, aligning with the company's 'All About Audio' strategy. SCA has applied the $3.75 million upfront cash consideration received from the sale towards reducing net debt. The total consideration from the sale of SCA's television assets is in the range of $19 to $24 million. SCA's audio revenues in FY25 were up approximately 5% on the prior year, driven by consistent growth in market share and assisted by the one-off incremental impact of Federal Election advertising. The audio revenue market slowed in the last two months of FY25, but SCA's above-market revenue growth is further testimony to the success of efficiently delivering and monetising the 'Audience That Matters' across its broadcast and digital assets. SCA's Net Debt at 30 June 2025 is ~$68 million, with the leverage ratio expected to be below 1.30 times. These factors support the Board's decision to resume dividends with a final dividend for FY25.

SCA reconfirms that non-revenue related costs for FY25 and FY26 will be ~$265 million, with FY25 costs being $5 million or 2% below the FY24 comparative cost base. Capex will be less than $10 million in FY26.