• EBITDA of $67 million, down 27% on H1 FY25
• Revenue of $712 million, down 2.1% on pcp
• Total TV audiences up 3.4% (total people) and up 4.7% in the key 25-54 demo

Southern Cross Media Group Limited (ASX: SXL) (Southern Cross) today provided an overview of the first half FY26 results of Seven West Media Limited (Seven). Seven was acquired by Southern Cross on 7 January 2026, following the implementation of the Scheme of Arrangement. The results for Seven are unaudited. Seven's EBITDA of $67 million was in line with guidance and represents a 27% ($25 million) decline on H1 FY25. Revenue of $712 million was down 2.1% ($15 million) on H1 FY25 and slightly below the guidance of -1% provided at the November 2025 AGM. The revenue shortfall to guidance is attributable to a weaker than expected advertising market in November and December, and the impact of shortened Perth and Melbourne Ashes Test match broadcasts. Operating costs of $645 million were up 1.6% ($10 million) on H1 FY25 and were favorable to AGM guidance of a 3% increase. Seven's total TV advertising revenue, including the acquired Southern Cross regional TV markets, was $585 million, down 0.8% ($5 million) on H1 FY25 and down 3.0% ($18 million) on a like-for-like basis. Seven's total TV revenue share grew by 2.7 points to a record 44.1% for the half, significantly mitigating the 10.1% decline in the total television market. The West delivered a solid result, with EBITDA of $14 million declining 5% ($1 million) on H1 FY25.