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Southern Cross Media Group Limited (ASX:SXL)

ALERT: Price-sensitive ASX Announcement for SXL
Current share price for SXL : $0.525 -0.3 (-36.36%)+
Announcement
Release
16 Oct 2025 8:45AM
Price at Release
$0.825
Full Release
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Summary
Southern Cross Media Group Limited (ASX: SXL) announced a market update for the first quarter of the financial year 2026, highlighting a 4.7% increase in total audio revenues to $105.1 million compared to the prior year. The company's Q1 EBITDA rose significantly by 129% to $14 million, reflecting strong sales performance and effective cost management, with costs down by 3.4%. The LiSTNR digital audio revenues saw considerable growth, with a market share increase to 49%. SCA reaffirmed its full-year EBITDA guidance of $78m to $83m and reported a reduction in net debt to $63 million. The company also mentioned a proposed merger with Seven West Media and the appointment of Kroll to provide an independent expert’s report.
Key Points
  • Q1 audio revenue up 4.7% on the prior year.
  • Underlying Q1 EBITDA of $14.0m is up 129% on the prior year.
  • Metro radio share increased to 29.8%, with 12 consecutive months of share improvement.
  • LiSTNR digital audio revenues increased to 49% market share.
  • Total costs down 3.4%, and non-revenue related costs down 5.8%.
  • Net debt reduced to $63 million.
  • Full-year EBITDA guidance of $78m - $83m reaffirmed.
  • Proposed merger with Seven West Media and appointment of Kroll for an independent expert’s report.
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.