The Global Traffic Network Group (gtn), of which atn is a part, is among Australia’s largest broadcast media advertising platforms, providing traffic reports across more than 200 capital city and regional radio stations across major radio networks and the Seven and 10 TV networks.
The company’s 1H FY26 results, released last week, indicate another company struggling with with a tight advertising market, with global revenue down 14.7% from the same period last year, and atn, which makes up 47% of the Group’s revenue, down 12.7%.
gtn’s losses were the most significant in Canada (down 22.1%) and the UK (down 20.1%). As a result gtn have classified its helicopter fleets in both Australia and Canada have been “reclassified as held for sale” in the financial report.* The ASX statement said the sale of aviation assets reflected ‘the advancement in technology, TV reports from a ground-based studio provid(ing) better value to clients.’
A very short briefing to shareholders was held to revue the results. At seven minutes, including a solitary question, it was almost a traffic report itself. Global gtn CEO Vic Larusso facilitated, launching the session saying:
“I want to start by being direct. The first half of FY26 was a tough period for GTN and our results reflect that.”
gtn Chief Financial Officer Ben Brooks took over from there and at the five minute mark the floor was opened by Vic to questions. The only one that was asked was whether the Seven and SCA merger had any impact on the agreement in place with atn. Vic answered no and then the briefing was over. You can listen below. Radioinfo has edited for clarity.
gtn share prices, as at March 2, sit at 24c. The 12 month high was 69c. An interim unfranked dividend of $0.01 per share was returned to holders.
* Correction: An earlier version of this report incorrectly said that the company had withdrawn from the UK. That information is not correct and has been removed from the report.
gtn has booked an impairment charge on “goodwill, intangibles, plent and equipment” for it’s UK business. This accounting mechanism was mistakenly interpreted by us as a closure.
Jen Seyderhelm is a writer, editor and podcaster for Radioinfo.
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