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Oohmedia Limited (ASX:OML)

ALERT: Price-sensitive ASX Announcement for OML
Current share price for OML : $1.660 -0.005 (-0.30%)+
Announcement
Release
17 Aug 2026 8:24AM
Price at Release
$1.665
Full Release
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Summary
Oohmedia Limited reported its 2026 half-year results, highlighting a revenue increase to $340.9 million, driven by new contracts in Australia, despite challenges in the New Zealand market. The company's adjusted underlying NPAT decreased significantly due to higher fixed rent investments ahead of revenue contribution, and a decrease in organic contract revenues. The report detailed the adverse impact of AASB 16 on financial metrics but emphasized the structural growth in Out of Home advertising, which continues to capture market share from other media sectors. Noteworthy is the operational excellence program that delivered substantial savings and the successful portfolio reshaping with an exit from the reo business. The company's balance sheet remains strong with gearing at 1.0x, supported by a syndicate debt facility and a declared interim dividend.
Key Points
  • Revenue increased to $340.9 million.
  • Adjusted underlying NPAT decreased by 42%.
  • New contracts drove growth in Australia.
  • New Zealand market impacted by contract reset.
  • AASB 16 significantly affected financial metrics.
  • Operational excellence program delivered savings.
  • Exited reo business, improving cost base.
  • Out of Home advertising captured more market share.
  • Balance sheet strong with gearing at 1.0x.
  • Declared a 2c fully franked interim dividend.
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.