• Revenue up 17% to $336.2 million
• Adjusted underlying NPAT up 46% to $26.5 million
• Interim dividend up 29% to 2.25 cents per share

oOh!Media Limited (ASX:OML) has announced its results for the half year ended 30 June 2025 (1H25), demonstrating continued strong momentum across the Group and reaffirming its market leadership in the fast-growing Out of Home (OOH) media sector. The company reported revenue growth of 17% to $336.2 million, driven by strong performance in Road, Street Furniture & Rail and Fly formats. Adjusted gross profit increased by 13% to $140.6 million, with new contract wins contributing 20% of total revenue growth. Adjusted underlying EBITDA increased by 27% to $62.2 million, reflecting operating leverage from revenue growth and disciplined cost control. Adjusted underlying NPAT was up 46% to $26.5 million. The company's balance sheet remains strong, with gearing reduced to 0.7x, within the target range. The interim dividend was increased by 29% to 2.25 cents per share, fully franked. The company's CEO, Cathy O'Connor, noted that Out of Home remains the best performing channel in Australian media, and with the company's market-leading portfolio, it is well-positioned to continue its strong momentum in a rising market.

2H25 adjusted gross margin performance is expected to improve on 1H, with the full year to be circa 44.0%. Full year operating costs expected to be $159 million to $161 million. Capital expenditure for CY25 is expected to be between $53 million and $63 million. Gearing is expected to be within target range of below 1.0 times of adjusted underlying EBITDA. Out of Home is expected to continue taking revenue share from other media sectors, with growth of mid to high single digits in 2H25.

The company expects market share growth, excluding retail and New Zealand, for the remainder of CY25 as new assets from contracts announced in 2023 and 2024 come online. The company is also undertaking restructuring of its New Zealand business, which is expected to drive an annualised benefit of $6 million to $7 million per annum from the fourth quarter onwards, with full run rate from Q2 2026.