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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 -0.005 (-0.92%)+
Announcement
Release
11 Aug 2026 7:31AM
Price at Release
$0.545
Full Release
download
Summary
The FY26 Full Year Results for Southern Cross Media Group Limited, presented in their investor presentation, highlight various financial and operational aspects. The company reported a decline in EBITDA by 15.8% excluding onerous contracts, attributed to softer advertising markets and significant items like merger and restructuring costs totaling $33M. Digital revenue saw a positive growth of 10.7%, with digital platforms like LiSTNR showing strong user engagement. The TV segment, while gaining audience share, faced an overall ad market decline of 9.9%. Audio and publishing sectors also reflected mixed performance, with audio growing in audience and revenue share, while publishing faced challenges due to macroeconomic conditions affecting print advertising. The company focused on cost management, leveraging synergies and cost actions to manage inflationary impacts, maintaining a reported leverage of 1.8x.
Key Points
  • EBITDA decline of 15.8% excluding onerous contracts due to market conditions.
  • Digital revenue growth of 10.7%, with strong engagement on digital platforms.
  • TV segment gained audience share but faced a 9.9% ad market decline.
  • Audio sector showed growth in audience and revenue share.
  • Publishing faced challenges from macro conditions on print advertising.
  • Significant merger and restructuring costs totaling $33M.
  • Cost management actions helped manage inflationary impacts.
  • Reported leverage of 1.8x.
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.