• Q3 revenue up 7% vs. pcp, ahead of 1H25 outlook
• Advertising market softened in October, impacting OOH
• Non-renewal of Auckland Transport contract in NZ significantly impacted revenues

oOh!Media Limited has provided an update on its year-to-date trading to 31 October 2025. The company delivered Q3 revenue growth of 7% versus the prior corresponding period (pcp), slightly ahead of the +5% pacing indicated at its 1H25 results on 18 August 2025. This was accompanied by an improved market share performance, excluding Retail and New Zealand. However, after successive quarters of strong growth in Out of Home (OOH), activity in the Australian advertising market softened significantly in October, impacting both the OOH market and oOh!. In New Zealand, the non-renewal of the Auckland Transport contract has significantly impacted revenues. Given the subdued market conditions early in the fourth quarter and the impact of New Zealand, oOh!'s Q4 revenues are now expected to be slightly below the pcp. As a result, CY25 revenues are now expected to be between $689 million and $694 million. Gross margin is now expected to be ~43.0%, lower than the ~44.0% previously guided due to lower-than-expected revenues and adverse channel mix in 2H25. oOh! has remained focused on disciplined cost management and execution, with operating costs expected to remain between $159 million to $161 million, including New Zealand restructuring costs. Capital expenditure is expected to be at the lower end of the $53 million to $63 million range. Reflecting oOh!'s fixed cost leverage and the adverse channel mix, Group Adjusted EBITDA is expected to be between $139 million and $142 million.

CY25 revenue: $689m-$694m Gross margin: ~43.0% Opex: $159m-$161m Capex: $53m-$63m Adjusted EBITDA: $139m-$142m

Improved pacing in November and December has continued into January 2026, and oOh! expects to benefit from further asset rollouts.