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Southern Cross Media Group Limited (ASX:SXL)

ALERT: Price-sensitive ASX Announcement for SXL
Current share price for SXL : $0.540 -0.115 (-17.56%)+
Announcement
Release
11 Feb 2026 8:20AM
Price at Release
$0.655
Full Release
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Summary
Southern Cross Media Group Limited reported that Seven West Media Limited's first half FY26 results were in line with the guidance provided at the November AGM. The company experienced a revenue decline of 2.1% to $712 million, with operating costs increasing slightly by 1.6%. Despite the challenging advertising market, Seven West Media achieved a record TV revenue share of 44.1%. The total TV advertising revenue was $585 million, reflecting a 0.8% decline, while 7plus advertising revenue rose by 15%. The company managed to keep net debt low at $277 million and leverage at 2.1x. The merger with Southern Cross Media Group in January 2026 created a significant media presence across various platforms in Australia.
Key Points
  • Seven West Media's H1 FY26 results were in line with November AGM guidance.
  • Revenue declined by 2.1% to $712 million.
  • Operating costs increased by 1.6%.
  • Record TV revenue share of 44.1% achieved.
  • Total TV advertising revenue was $585 million, a 0.8% decline.
  • 7plus advertising revenue increased by 15%.
  • Net debt was reduced to $277 million with a leverage of 2.1x.
  • Merger with Southern Cross Media Group established a major media presence in Australia.
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.