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Southern Cross Media Group Limited (ASX:SXL)

ALERT: Price-sensitive ASX Announcement for SXL
Current share price for SXL : $0.475 -0.07 (-12.84%)+
Announcement
Release
11 Aug 2026 7:30AM
Price at Release
$0.545
Full Release
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Summary
Southern Cross Media Group Limited (ASX: SXL) announced its financial results for the year ending 30 June 2026 (FY26). The company reported a 4.5% decline in gross revenue to $1,869.6 million and a 12.8% decrease in EBITDA to $200 million, including onerous contracts. The net profit after tax (NPAT) was $9.9 million, a 57.6% decrease from FY25. Despite challenging market conditions, the company achieved share gains and cost discipline, including $30 million in merger synergies delivered ahead of schedule. The company's strategic focus on digital growth helped offset declines in traditional broadcasting revenue. The Group's net debt was reported at $362.8 million with a leverage ratio of 1.8 times. Southern Cross Media strengthened its position as the #1 national TV network and audio network, while digital revenue increased by 11% to $320 million.
Key Points
  • Gross revenue declined 4.5% to $1,869.6 million.
  • EBITDA decreased 12.8% to $200 million including onerous contracts.
  • NPAT was $9.9 million, a 57.6% decrease from FY25.
  • Achieved $30 million in merger synergies ahead of schedule.
  • Digital revenue increased by 11% to $320 million.
  • Southern Cross Media is the #1 national TV and audio network in Australia.
  • Net debt reported at $362.8 million with a leverage of 1.8 times.
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.