• Group revenue up 1% to $340.9m, below expectations
• Out of Home sector grew 6.3% in 1H26, capturing 16.9% of agency media spend
• Adjusted Underlying NPAT decreased by 42% to $15.4m
• Operational excellence delivered over $10m in annualised savings
• Australia 3Q26 media revenue pacing at +14%

Ooh!Media Ltd has released its half-year results for 2026, reporting a 1% increase in group revenue to $340.9m. The out of home sector grew 6.3% in the first half, capturing 16.9% of agency media spend. However, the results were below expectations due to a softer than expected billboard market and the loss of the Auckland Transport contract. The company also faced headwinds from the Middle East conflict, three RBA rate rises, and weak consumer sentiment. Despite these challenges, momentum is accelerating into the second half with improving margin profile. Operational excellence delivered more than $10m in annualised savings, including the exit of the reo business. Australia's 3Q26 media revenue is pacing at +14%, with over 100% of 3Q25 closing revenues already booked.

Group revenue up 1%, Adjusted Underlying NPAT decreased by 42%, Australia 3Q26 media revenue pacing at +14%

Outlook for Australia 3Q26 media revenue pacing at +14%, Group +9% impacted by NZ. CY26 capex expected to be between $40 million and $50 million, contingent upon development approvals. Gearing is expected to remain at or below 1.0x adjusted underlying EBITDA. Scheme implementation targeted for November/early December, subject to approvals.