Australian media giant Nine Entertainment Co. Holdings Limited posted revenue of AUD2.7 billion ($1.75 billion) and a net profit after tax of AUD133 million ($86.3 million) for the 12 months ended June 30, the company announced Wednesday.
The result included $39.6 million in post-tax specific items. Group EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) before specific items came in at $315.2 million, down 6% year-on-year, while net profit after tax and minorities before specific items was $107.7 million, compared with $122.6 million in the prior period.
Second-half EBITDA grew 8%, fueled by strength across Total Television, streaming service Stan and the Publishing division. Nine also pointed to audience growth across broadcast and streaming, with its platforms accounting for around 20% of TV screen time, ahead of competitors.
Coverage of the Paris Olympics and Paralympics was highlighted as both profitable and cash flow positive, underscoring what Nine described as the strength of its Integrated Audience Platform.
The company declared a fully franked final dividend of $0.026 per share and a special dividend of $0.31 per share, both payable Sept. 26. The special dividend follows completion of Nine’s sale of its 60% stake in Domain to CoStar, which generated $908.1 million in after-tax proceeds payable today.
Publishing revenue slipped 6% to $341.2 million, though EBITDA was flat at $99.2 million, helped by 15% growth in digital subscriptions at metro mastheads. Nine’s audio division reported EBITDA of $5.8 million, up 8%, with digital audio revenue climbing 31% on total revenue of $65.5 million.
The company also delivered more than $51.9 million in cost efficiencies during FY25, with $38.9 million recurring and a further $58.4 million committed, targeting annualized savings of $97.3 million by FY27.
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Looking ahead, Nine said momentum across its core digital and subscription assets is expected to support EBITDA growth in the first half of FY26. However, management cautioned that visibility around second-half advertising market conditions remains limited.
Chair Catherine West said: “We are Australia’s most diversified media company, emerging stronger during FY25 through our accelerated strategic and cultural transformation. Nine is part of Australia’s fabric… Customers are spending more time on our platforms as we execute our strategy to deepen our connections with consumers and advertisers.”
She added that divesting Domain “crystallizes shareholder value and enables us to focus on media assets where we have clear competitive advantages.”
CEO Matt Stanton noted that both streaming and broadcast delivered profit growth in the second half. “At the start of 2025, we accelerated our program of increased operating effectiveness through our strategic transformation program, Nine 2028, generating additional cost savings in FY25,” he said. “We also rolled out our refocused operating model aligning the business across three key verticals — Streaming and Broadcast; Publishing; and Marketplaces.”
From Variety US