• Seven West Media reaches 20 million people monthly across broadcast, publishing and digital
• 7plus digital platform sees strong audience and revenue growth
• Proposed merger with Southern Cross Media to create larger, integrated media company
• Outlook includes driving 7plus growth, cost efficiencies, and regulatory outcomes

Seven West Media Limited (ASX: SWM) has released its AGM addresses and a trading update, providing an overview of the company's performance and future plans. The company reaches close to 20 million people every month across all corners of the country, with viewers increasingly using the 7Plus digital platform to watch programs. The company has entered into a Scheme Implementation Deed with Southern Cross Media Group Limited, proposing a merger of the two media companies to create a larger, integrated entity with greater scale and reach across metropolitan and regional Australia. The merger is expected to deliver strong cost savings and combine the exceptional creators of content, providing strategic benefits for shareholders. The company has made solid progress with its strategy of optimizing the traditional business, driving a digital future underpinned by 7Plus, finding new revenue streams, and managing costs responsibly. 7Plus was a standout performer, with revenue growth of 26% across the full year, including 41% in the second half. The number of 7Plus daily active users grew 27% and the number of streaming minutes increased 41%. The company's key priorities for FY26 include driving 7Plus' audience and revenue growth, delivering further cost efficiency, and improving Seven West Media's cash flow to reduce leverage. The company is also focused on achieving positive outcomes on regulatory matters, including the News Media Bargaining Code and its possible replacement, the News Bargaining Initiative.

Based on current market expectations, SWM continues to target FY26 EBITDA consensus of approximately $161 million.

Seven West Media's key priorities for FY26 include driving 7Plus' audience and revenue growth to offset broadcast outcomes, delivering further cost efficiency, and improving Seven West Media's cash flow to reduce leverage and get it back to the target range of 1 to 1.5 times. The company is also focused on achieving positive outcomes on the various regulatory matters outstanding, including the News Media Bargaining Code and its possible replacement, the News Bargaining Initiative.