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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 -0.125 (-18.80%)+
Announcement
Release
24 Feb 2026 8:16AM
Price at Release
$0.665
Full Release
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Summary
Southern Cross Media Group Limited (SCA) presented its H1 FY26 results, highlighting a 3.2% increase in revenue to $216.5 million, with significant growth in both digital and broadcast sectors. Total expenses decreased by 1.2% to $176.4 million due to effective cost management. The company's EBITDA rose by 28.2% to $40.1 million, driven by improved margins and operational momentum. SCA continues to focus on its audio segment, with reported significant items and non-recurring costs related to restructuring and merger activities. Despite these costs, SCA demonstrated strong cash flow management, maintaining a focus on reducing net debt, which decreased to $338.2 million. The company also provided an outlook for FY26, with a pro-forma EBITDA guidance of $200-$220 million and revenue targets between $1.91 billion and $1.92 billion.
Key Points
  • Revenue increased by 3.2% in H1 FY26.
  • Total expenses decreased by 1.2% due to cost management.
  • EBITDA rose by 28.2%, indicating strong operational momentum.
  • Focus remains on audio segment and digital growth.
  • Significant non-recurring costs related to restructuring and mergers.
  • Net debt reduced to $338.2 million.
  • Pro-forma EBITDA guidance for FY26 is $200-$220 million.
  • Revenue targets for FY26 between $1.91 billion and $1.92 billion.
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.