• Strong growth in digital audio, with LiSTNR now EBITDA and cash flow positive
• Continued operating cost and capital discipline, with NRR costs flat since 2023
• Reduced leverage to 1.10x, enabling resumption of fully franked dividends

SCA has reported strong FY25 results, demonstrating the success of its transformation strategy. Revenue grew 5.0% to $421.9m, driven by growth across both digital and broadcast operations. The company maintained a strong focus on cost discipline, with non-revenue related costs down 2.5% to $263.5m. This, combined with revenue growth, led to a 34.4% increase in EBITDA to $71.1m and a 239.0% increase in NPAT to $15.1m from continuing operations. SCA's digital audio business, led by LiSTNR, achieved positive EBITDA of $2.0m, having become EBITDA and cash flow positive. The company's leverage ratio improved to 1.10x, well below the covenant of 3.5x, enabling the resumption of fully franked dividends with a final FY25 dividend of 4 cents per share. SCA's regional radio network continues to grow its audience, now reaching over 73% of regional listeners, while the company's metro radio brands, led by Triple M, have gained significant share in the 'Audience That Matters'. The company's focus on operating discipline, digital transformation, and capital management has positioned SCA for continued success.

SCA expects to maintain its focus on cost discipline, with non-revenue related costs forecast to be below $270m in FY26, including the costs associated with local TV sales representation which will be fully offset by revenues. The company anticipates ongoing strong cash conversion of 80-90% of EBITDA.

SCA is well-positioned for continued growth, with its digital audio business now EBITDA and cash flow positive, and its broadcast radio operations maintaining strong audience share. The company's reduced debt levels and focus on operational efficiency will enable it to further strengthen its balance sheet and return capital to shareholders through fully franked dividends.