Appendix 4D and Interim Financial Report
| Stock | Southern Cross Media Group Ltd (SXL.ASX) |
|---|---|
| Release Time | 24 Feb 2026, 8:16 a.m. |
| Price Sensitive | Yes |
Southern Cross Media Group Ltd reports H1 FY2026 results
- Revenue from continuing operations up 21.5% to $254.7m
- NPAT from continuing operations up 265% to $2.3m
- Strong cost discipline with NRR expenses down 2.0%
Southern Cross Media Group Ltd reported a 21.5% increase in revenue from continuing operations to $254.7 million and a 265% increase in NPAT from continuing operations to $2.3 million for the half year ended 31 December 2025. The strong results were driven by growth in both broadcast radio and digital audio revenue, as well as disciplined cost control. Broadcast radio revenue increased 2.0% to $191.3 million, with metro radio advertising revenue up 0.6% and regional radio advertising revenue down 1.8%. Digital audio revenue grew 14.0% to $25.2 million. The company implemented a number of initiatives to improve gross margins, with revenue related expenses decreasing to 20.2% of revenue. Non-revenue related expenses (excluding significant items) also decreased by 2.0%, offsetting inflationary pressures. This strong cost discipline, combined with higher revenues, delivered a 28.5% increase in EBITDA excluding significant items to $40.1 million. The company also completed the acquisition of Seven West Media Limited on 7 January 2026, creating a leading integrated Television and Audio business.
The company did not provide any high-importance, price-sensitive forward-looking financial metrics.