Southern Cross posts profit lift on digital audio growth
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The news: Southern Cross Austereo has posted a lift in full-year profit and declared a fully franked dividend of 4 cents per share.
The numbers: Southern Cross reported a net profit after tax of $15.1 million, up $10.6 million on the previous year.
The ASX-listed audio company reported a 5% revenue lift to $421.9 million for the 2025 fiscal year, beating analyst estimates, according to Visible Alpha data.
Earnings before interest, taxes, depreciation and amortisation were up 34.4% to $71.1 million for the year, also beating analyst estimates.
The context: In a statement, Southern Cross said total audio revenues grew modestly through July and August off the back of ongoing market share growth in metro radio markets, and “above market” growth in digital audio.
The company forecast digital audio revenue growth to continue at double-digit growth rates. It said capital expenditure for the 2026 fiscal year is forecast to come in at no more than $10 million, following the completion of the company’s transformation process.
What they said: “SCA continues to deliver on its transformation strategy with strong FY25 financial results, achieving 5% revenue growth, 34.4% EBITDA growth, a strong balance sheet and the resumption of fully franked dividends,” said Southern Cross CEO John Kelly in a statement.
“With the successful divestment of our regional TV assets in FY25, our entire strategic focus is now on the ‘Audience that Matters’, successfully building upon the positive operating momentum within our leading radio and digital audio assets, led by Listnr, Hit and Triple M.
“Our strong operating momentum has allowed SCA to maintain our dominant audience shares in our core metro, regional and digital audio markets. We have been able to achieve this dominance despite continued challenging advertising market conditions by focusing on executing our key commitments, including revenue growth, Listnr profitability and cost and capital discipline which have translated to improved financial performance and balance sheet strength, with leverage now at 1.10 times. The board has declared a fully franked 4 cents per share final dividend for FY25.”
The source: ASX release
