• Revenue up 5.0% to $421.9 million
• EBITDA excluding significant items up 34.4% to $71.1 million
• Broadcast radio revenue up 2.8%, digital audio revenue up 28.8%

Southern Cross Media Group Ltd reported a 5.0% increase in revenue to $421.9 million and a 34.4% increase in EBITDA excluding significant items to $71.1 million for the year ended 30 June 2025. The company's broadcast radio segment saw revenue increase by 2.8% to $376.8 million, driven by a 3.9% increase in metro radio advertising revenue and an 11.9% increase in other revenue. The digital audio segment delivered a 28.8% increase in revenue to $45.1 million, underpinned by strong performance in both streamed radio and podcast revenue. The company's corporate expenses increased by 16.2% on FY2024 mainly due to inflation linked contracts and increases in at risk remuneration. The group divested its television assets during the year, with the final transaction completed on 30 June 2025. The group's mission is to become Australia's leading audio company, with a particular emphasis on the growing digital audio sector. In FY2026, the group expects total revenues of $435-$440 million, EBITDA (excluding non-recurring items) of $78-$83 million, and a leverage ratio below 1.0x.

In FY2026, the group expects: total revenues of $435-$440 million, revenue related costs to be ~20% of total revenues, non revenue related costs to be less than $270 million (excluding non-recurring items), EBITDA (excluding non-recurring items) to be in the range of $78-$83 million, capital expenditure to be approximately $10 million, and leverage ratio to remain below 1.0x.

The group is now focused on building on the momentum achieved over the last 18 months, with a fully transformed operating model. Through its dominance of the 'audience that matters' across traditional radio and leveraging its investment in AdTech to monetize the 2.4 million LiSTNR users, the group expects to see continued growth in revenue throughout FY2026. This revenue growth, combined with strong cost discipline and low ongoing capital expenditure, will deliver improved free cashflow as the group leverages its operating cost base.