• Revenue up 5% to $421.9M, EBITDA up 34.4% to $71.1M
• Digital revenue grew 28.8% to $45.1M, LiSTNR now EBITDA positive
• Underlying costs down 2.5%, leverage ratio down to 1.1x

Southern Cross Media Group Ltd (SXL.ASX) has announced its financial results for the year ended 30 June 2025. The company reported FY25 revenue of $421.9 million, up 5.0% on the prior year, with EBITDA of $59.3 million, up 39.4%. Underlying EBITDA from continuing operations was $71.1 million, up 34.4%. Digital revenue grew 28.8% to $45.1 million, with the EBITDA contribution from LiSTNR increasing by $12.9 million and LiSTNR now delivering underlying EBITDA of $2.0 million. Total underlying costs for continuing operations were $350.7 million, up 0.5%, with underlying non-revenue related costs down $6.7 million or 2.5% to $263.5 million. The company generated strong growth in net cash from operations, up $29.7 million to $67.1 million, and this has resulted in a significant reduction in net debt of $40 million to $67.6 million, with the leverage ratio down to 1.10 times. Due to the sustained operational momentum and strong financial discipline, the SCA Board has declared a fully franked 4 cents per share final dividend for FY25.

For FY26: Revenue forecast between $435 - $440 million; revenue related costs forecast at approximately 20% of revenue; non-revenue related costs forecast below $270 million; EBITDA forecast between $78 - $83 million; capex forecast to remain below $10 million; leverage ratio forecast to remain below 1.0 times; dividend payout range of 65-85% of underlying NPAT.

SCA continues to deliver on its transformation strategy, with a focus on building its leading radio and digital audio assets, led by LiSTNR, HIT and Triple M. The company has maintained its dominant audience shares in its core metro, regional and digital audio markets despite challenging advertising conditions, by executing on its key commitments including revenue growth, LiSTNR profitability and cost and capital discipline.