• 48% increase in share price from July 2024 to June 2025
• Paid a dividend yield of over 9% in FY25
• Purchased 5% of share capital through on-market buyback program
• Initiated a capital return of 23 cents per share

GTN Limited (ASX: GTN), one of the largest broadcast media advertising platforms in Australia, Brazil, Canada and the United Kingdom, announced its results for the full year ended 30 June 2025. FY25 was a year of exceptional shareholder returns despite a very challenging advertising market. The company delivered a 48% increase in its share price from July 2024 to June 2025, paid a dividend yield of over 9% in FY25, purchased 5% of its share capital through an on-market buyback program, and initiated a capital return of 23 cents per share, equivalent to more than 50% of the opening FY25 share price. These outcomes demonstrate GTN's disciplined capital management and commitment to returning value to shareholders. The company held net cash of $21.1 million as at 30 June 2025, which includes the payment of $8.2 million in dividends, retirement of $8 million of bank debt, and $5.2 million share buyback program. GTN generated ~$13 million of positive net operating cash flows, and capital expenditure was down 45% to $2.5 million. As at 20 August 2025, GTN had net debt of $11.6 million, which includes the payment of the $44 million capital return to shareholders. GTN reported revenue and earnings in line with previously provided guidance, with revenue of $180.2 million down 2% and Adjusted EBITDA of $16.6 million down 26% on the prior year. The result reflected market pressures and the impact of one-off costs associated with corporate activity and a rebranding. Looking ahead, the company remains focused on competing effectively in a challenging marketplace, nurturing and growing its core radio and television affiliates, delivering a compelling proposition to advertising partners, and actively managing its cost structure, including through the ongoing rollout of new technologies, such as AI.