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Southern Cross Media Group Limited (ASX:SXL)

ALERT: Price-sensitive ASX Announcement for SXL
Current share price for SXL : $0.550 0.005 (0.92%)+
Announcement
Release
11 Aug 2026 7:30AM
Price at Release
$0.545
Full Release
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Summary
Southern Cross Media Group Limited reported a significant increase in revenue from ordinary activities for the financial year ended 30 June 2026, with a 162.7% rise to $1,108,275,000. However, the company experienced a net loss from continuing operations amounting to $3,769,000 and a further loss from discontinued operations of $9,346,000. EBITDA saw a decline of 12.7% to $200,026,000, and there was no final dividend declared for the year. The merger with Seven West Media Limited was a significant factor in the company's financial results, as demonstrated by the pro forma information presented. The net tangible assets per share also decreased to ($0.92). The financial period reported covers 1 July 2025 to 30 June 2026.
Key Points
  • Revenue from ordinary activities increased by 162.7% to $1,108,275,000.
  • A reported net loss from continuing operations of $3,769,000 for the year.
  • A significant decrease in net profit from discontinued operations to a loss of $9,346,000.
  • EBITDA decreased by 12.7% to $200,026,000.
  • Net tangible assets per share fell to ($0.92) from ($0.71).
  • No final dividend declared for the year ended 30 June 2026.
  • Merger with Seven West Media Limited significantly impacted results.
  • Pro forma results assume a full-year merger with Seven West Media Limited.
  • The period covered is 1 July 2025 to 30 June 2026.
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.