• H2 EBITDA growth of 8%, with growth across Total Television, Stan and Publishing
• Audience growth across streaming and broadcast TV, with Nine's assets attracting c20% of TV screen time
• Successful Olympic Games coverage, generating profit and positive cash flow for the Group

Nine Entertainment Co. (ASX: NEC) has released its results for the 12 months to 30 June 2025. For the period, Nine reported Revenue of $2.7b and a Net Profit After Tax of $133m, which included a post-tax Specific Items expense of $61m. Group EBITDA, before Specific Items, of $486m was down 6% on FY24. Net Profit After Tax and Minorities, before Specific Items, was $166m, compared with $189m in the previous corresponding period. Key highlights include H2 EBITDA growth of 8% with growth across Total Television, Stan and Publishing, audience growth across streaming and broadcast television, with Nine's assets attracting c20% of TV screen time, and successful Olympic Games coverage, highlighting the power of Nine's Integrated Audience Platform - both profitable and cash flow positive for the Group. Total TV revenue grew by 3% across the year, with 4% growth in the second half, and subscription revenues (ex Domain and the impact of Meta/Google) grew by 10%. Digital revenue in Audio grew by 31%, with radio industry leadership in live streaming audiences. The company also delivered more than $80m of cost efficiencies across the year, of which c$60m is ongoing, with a further $90m committed, for a total annualised saving of $150m by the end of FY27. Nine divested its 60% stake in Domain at a 60% premium to 60-day VWAP, for net proceeds to Nine of $1.4b (after tax).

Nine expects to deliver revenue and EBITDA growth in FY26, driven by continued audience and subscriber growth across its Streaming and Broadcast, Publishing, and Marketplaces divisions, as well as the benefits of its cost efficiency program.

Nine is well positioned for growth and long-term leadership of the Australian media sector, with its reset operating model, focus on cultural change, strengthened balance sheet, and integrated platform leveraging exceptional content and data.