Key points
- NZME reported a 1% increase in operating revenue to $167.0 million for H1 2026
- Audio segment showed an 8% growth in revenue and 19% increase in operating EBITDA
- Free cash flow increased by $5.1 million to $7.3 million
- Net debt reduced by $13.9 million to $19.4 million
Full summary
NZME Limited announced a stronger result for the half year ended 30 June 2026, with operating revenue of $167.0 million, up from $165.7 million in the same period in 2025. The company reported an operating EBITDA of $26.5 million, up 11 percent. Statutory Net Profit After Tax was $6.6 million, compared to a Statutory Net Loss After Tax of $0.4 million in 2025. The Audio segment was the standout performer, with operating revenue up 8 percent to $61.8 million and operating EBITDA up 19 percent to $11.9 million. Publishing operating EBITDA was steady at $15.3 million, with digital publishing EBITDA up 11 percent to $6.3 million. OneRoof digital revenue grew 4 percent, and the new OneRoof app has lifted monthly app users by 54 percent since launch. Free cash flow increased by $5.1 million to $7.3 million, and the Board has declared a fully imputed interim dividend of 3 cents per share, payable on 23 September 2026.
Guidance
NZME expects full-year 2026 Operating EBITDA to be ahead of the $62.3 million reported in 2025.
Outlook
NZME expects economic recovery momentum to improve into 2027, pointing to a modest lift in demand across the second half of 2026.