Key points
- Revenue from ordinary activities decreased by 13% to $156,033
- Loss from ordinary activities after tax increased by 513% to $(37,187)
- Net tangible asset backing per ordinary share decreased from $0.49 to $0.27
- Adjusted EBITDA impacted by regional divergence, down 22% to $13.0m
- Strong liquidity position with closing cash of $32.8 million
Full summary
GTN Ltd's FY2026 Annual Report reveals a challenging year with a 13% revenue drop to $156,033 and a substantial loss increase to $37,187. Despite difficult trading conditions, the company managed to reduce operating costs by 12%. Adjusted EBITDA decreased by 22% to $13.0m, influenced by regional performance differences. The company exited aviation operations, renegotiated affiliate agreements, and made strategic cost reductions. Net tangible asset backing per share fell from $0.49 to $0.27. The company maintained a robust liquidity position with closing cash of $32.8 million, enabling it to distribute $55.8 million to shareholders.
Guidance
FY27 Adjusted EBITDA guided between $15 million and $20 million
Outlook
GTN Ltd expects continued margin expansion and is focused on delivering improved performance and long-term value for stakeholders.