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Nine Entertainment Co. Holdings Limited (ASX:NEC)

ALERT: Price-sensitive ASX Announcement for NEC
Current share price for NEC : $0.880 -0.18 (-16.98%)+
Announcement
Release
24 Feb 2026 8:22AM
Price at Release
$1.060
Full Release
download
Summary
For the half year ended 31 December 2025, Nine Entertainment Co. Holdings Limited reported a decrease in revenue from continuing operations, reflecting challenging economic conditions. The Group's EBITDA from continuing operations increased, primarily due to a net benefit from a defamation case settlement. Significant events include the acquisition of QMS Media and the conversion of NBN Television to an affiliate model. The Group reported substantial gains from the sale of its stake in Domain Holdings. Financial positions show net cash flow improvements due to investment activities, though operating cash flow was negatively impacted by tax payments. A special dividend was distributed among shareholders, reflecting strong cash reserves. The report underscores ongoing strategic adjustments in response to market dynamics.
Key Points
  • Revenue from continuing operations decreased due to economic downturn.
  • EBITDA increased by $11.6 million due to cost controls and legal settlements.
  • Significant transactions: sale of Domain Holdings, acquisition of QMS Media.
  • Operating cash flow impacted by increased tax payments.
  • Net cash improved due to investing activities.
  • Dividends paid including a special dividend reflecting strong cash reserves.
  • Strategic shift with conversion of NBN Television to affiliate model.
  • Continuous adaptation to challenging market conditions reported.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.