• Strong cost management with ongoing targeted savings focus
• Balance sheet capacity to support shareholder returns
• Strengthened OneRoof product and engineering capability

NZME Limited (NZX and ASX: NZM) has announced its financial results for the full year ended 31 December 2025, reporting Operating Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of $62.3 million, up from $54.2 million the prior year, or 15%. The company reported a Statutory Net Profit After Tax of $13.1 million. Operating Revenue for the year was $345.1 million, down from the prior year due to the closure of community publications in December 2024, but normalised operating revenue growth was 1%. The company's Operating Expenses were 4% lower than the prior year, in part reflecting the savings initiatives implemented early in 2025. NZME's Operating NPAT for 2025 was $17.7 million, resulting in operating earnings per share of 9.4 cents, compared with 6.5 cents in 2024. The strong performance reflects a focus on the company's digital-first strategy, cost savings, and simplified structure. Key divisional highlights include solid performance from OneRoof, strong profitability in the Audio division, and improved profitability in the Publishing division. NZME distributed $16.9 million to shareholders over the past year and reduced net debt to $15.5 million, below the company's target leverage ratio range.

NZME is cautiously optimistic heading into 2026, with advertising revenues for the first quarter on track to deliver an estimated 3% growth year on year. The company has completed $12 million in annualised cost savings initiatives that will be fully realised in 2026, resulting in a further $3 million in cost improvements.

NZME is well positioned to benefit from an economic upturn and is focused on delivering top line revenue growth in 2026. The company remains committed to advancing its market position and returns to shareholders through continual innovation, deeper audience engagement, and enhanced advertiser value.