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Nine Entertainment Co. Holdings Limited (ASX:NEC)

ALERT: Price-sensitive ASX Announcement for NEC
Current share price for NEC : $0.670 -0.305 (-31.28%)+
Announcement
Release
26 Aug 2026 8:25AM
Price at Release
$0.975
Full Release
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Summary
Nine Entertainment Co. Holdings Limited reported a year of mixed results for FY26, with a slight increase in group revenue to $2,407 million and a significant growth in EBITDA by 17% due to the inclusion of QMS. Despite challenges in the broadcast advertising market, digital and subscription revenues saw substantial growth. The company's Total Television advertising revenue faced a decline in broadcast but witnessed growth in BVOD. Net profit after tax stood at $136.6 million. Strategic investments in technology and cross-platform initiatives aim to enhance operational efficiencies. The company achieved cost savings, with a focus on digital expansion, though net debt rose to $657.9 million, resulting in a leverage ratio of 1.7x.
Key Points
  • Group revenue for FY26 was $2,407 million, a 1% increase from the previous year.
  • EBITDA grew by 17% to $378.8 million, reflecting the inclusion of QMS for one quarter.
  • Net Profit After Tax (NPAT) for the Group, after minorities, was $136.6 million.
  • Nine's Total Television advertising revenue saw a decline in the broadcast segment but grew in the BVOD segment.
  • Digital and subscription revenues grew significantly, accounting for a larger share of total revenue.
  • Free cash flow was $40.2 million, down from $182.4 million in the previous year.
  • Nine’s total streaming advertising revenue increased by approximately 20% in the second half.
  • The company's leverage increased to 1.7x, with net debt at $657.9 million.
  • Significant cost savings were achieved, with $70 million recurring annually.
  • The company is focusing on cross-platform utilization and technology integration.
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.