• Nine emerges stronger from FY25, with content performance a standout
• Significant progress on strategic and cultural transformation
• Committed to protecting Australian media and journalism from tech giants

Nine Entertainment Co. Holdings Ltd (ASX: NEC) has released the Chair's and CEO's addresses to the company's 2025 Annual General Meeting. The Chair, Ms. Catherine West, reported that Nine has emerged stronger from the 2025 financial year, with core operations performing well and content performance a standout. The company has accelerated its strategic and cultural transformation, with a focus on deepening connections with consumers and advertisers to drive profitable growth and shareholder value. A significant decision was the sale of Nine's 60% stake in Domain, which enabled the company to return over half the after-tax proceeds to shareholders via a special dividend and pay down debt. Nine remains conscious of its responsibilities and takes great pride in its trusted news and investigative journalism, but is facing increasing pressures from international tech platforms. The company applauds the government's efforts to protect the intellectual property of Australian media companies and level the playing field.CEO Matthew Stanton reported significant momentum in Nine's strategic and cultural transformation, with the business restructured into three core pillars - Streaming & Broadcast, Publishing, and Marketplaces. The company has made strong progress on its Nine2028 program, which is driving operating effectiveness and unlocking value across the group. Nine continues to see opportunities for growth in digital video, subscription revenues, and cost efficiencies. The company has lodged a trading update with the ASX, expecting another half of EBITDA growth in H1 FY26 over H1 FY25, with further cost efficiencies.Overall, Nine is positioned for growth, long-term leadership of the Australian media sector, and the creation of shareholder value.

Nine expects another half of EBITDA growth in H1 FY26 over H1 FY25, with further cost efficiencies resulting in more than $100m of underlying cost out across FY26 and FY27, ahead of the previously guided $90m.

Nine is positioned for growth, long-term leadership of the Australian media sector, and the creation of shareholder value, with a clear strategy, refreshed executive team, reset operating model, a focus on cultural change, a strengthened balance sheet, and diversified, integrated assets.