As part of its regular review of Australian stocks, The Standard and Poors ASX Index has dropped ARN off its list of top stocks and replaced it with one of Australia’s publicly listed radio companies, SCA.
Effective later this month, ARN will be removed from the All Ordinaries Index, which tracks the 500 largest ASX-listed companies, as part of the March 2026 “quarterly rebalance.” The index is a guide for investors to buyh and sell shares in large publicly listed companies.
The review reflects changes in company profitability reported recently by ARN (A1N)and SCA (SXL).
ARN’s total revenue was $285 million, down 10%, operating costs were $187 million. The company made a profit (EBITDA) of $47.5 million, down 23% on the previous year. The company is currently handling the fall out from the Kyle and Jackie O situation.
SCA’s Half year results showed revenue of $255 million, up 21%, operating expenses were $139 million. The company made a profit (EBITDA) of $52 million, up 15% on the previousj period. The company has just completed the merger with Seven West Media.
