ARN Media Ltd. Reports 4% Revenue Increase, 19% Drop in NPAT, Declares 1.2cps Dividend in 2025 Half Year Results

Reuters
Aug 27
ARN Media Ltd. Reports 4% Revenue Increase, 19% Drop in NPAT, Declares 1.2cps Dividend in 2025 Half Year Results

ARN Media Ltd. has released its 2025 half-year results, revealing a 4% increase in group revenues on a pro forma basis, with reported revenues standing at $168.1 million. EBITDA showed a 10% rise on a pro forma basis, totaling $35.5 million, though it remained flat on a reported basis. The company experienced a 5% decrease in EBIT to $22.3 million, affected by lease depreciation from the new Hong Kong Tramways contract that commenced in May 2024. Net Profit After Tax (NPAT) saw a 19% decline on a pro forma basis to $10.4 million, attributed to increased interest costs from acquiring SCA holding and lease interest from the Hong Kong Tramways contract, partially offset by a reduction in tax expense. The NPAT attributable to ARN shareholders was further impacted by one-off significant items, mainly cash transaction costs for the proposed SCA acquisition. A fully franked dividend of 1.2 cents per share was declared, representing 70% of NPAT after significant cash items. On the operational front, ARN Media highlighted its continued resilience in the radio sector, maintaining a cumulative audience reach of 6.2 million people each week and achieving above-market revenue performance in metro areas. The company also reported significant national revenue share growth in regional radio and accelerated digital audience growth across all formats. ARN Media's strategic focus on digital audio has also yielded positive results, as evidenced by EBITDA and cash flow positivity in this segment. The company's commitment to cost efficiency is underscored by a progressing cost-out program, expected to result in $10 million in permanent annualized savings by CY25.

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