Southern Cross Media Group FY26 Full Year Results
Key points
- Revenue of $1.87 billion, down 4.4% due to market conditions
- EBITDA (excluding onerous) of $192 million, down 15.8%
- Digital revenue up 10.7%, reaching $320 million
- Cost synergies of $30 million achieved early
- New $569 million bank facility in place
Full summary
Southern Cross Media Group (ASX: SXL) reported its FY26 results, showing a 4.4% decline in revenue to $1.87 billion, impacted by market conditions. EBITDA decreased by 15.8% to $192 million. Digital revenue grew by 10.7% to $320 million. The company achieved $30 million in cost synergies early and secured a new $569 million bank facility. The merger with Seven West Media Limited is underway, with a cost-out program targeting $145-150 million in annual savings.
Guidance
FY26 Revenue: $1.87 billion, EBITDA: $192 million, Digital Revenue: $320 million
Outlook
Southern Cross Media Group is focused on leveraging its multi-platform capabilities to drive growth, with a clear strategy to connect audiences and advertisers through trusted content.
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