Key points
- Underlying Revenue: $826.1m, up 9%
- Underlying EBITDA: $157.0m, up 6%
- Final Dividend: 17.0cps, bringing total FY26 dividend to 32 cps
Full summary
Sky Network Television Ltd (Sky) has delivered a strong FY26 result, with underlying revenue of $826.1 million, up 9%, and underlying EBITDA of $157.0 million, up 6% and at the higher end of guidance. The Board has declared a fully imputed final dividend of 17 cents per share, bringing the total FY26 dividend to 32 cents per share, up 45% year-on-year and 113% over three years. The company also announced its intention to target 10% annual growth in dividends for the next three years, with dividends to be paid quarterly. Sky's Chief Executive, Sophie Moloney, highlighted the company's ability to navigate a challenging economic environment while completing two significant projects: the accelerated satellite migration in FY25 and the acquisition and integration of Sky Free in FY26. The company expects trading conditions to remain challenging in the first half of FY27, with FY27 guidance for revenue between $825 million and $840 million, EBITDA between $155 million and $165 million, and capital expenditure between $60 million and $65 million. Dividend guidance is for at least 35 cents per share.
Guidance
FY27 revenue: $825m - $840m, EBITDA: $155m - $165m, capital expenditure: $60m - $65m
Outlook
Trading conditions are expected to remain challenging in the first half of FY27, with the timing and strength of economic recovery uncertain. Sky's FY27 guidance is for revenue of between $825 million and $840 million, EBITDA of between $155 million and $165 million, and capital expenditure of between $60 million and $65 million.