ARN Media Limited have released results for the full year ended 31 December 2025. In a period of clear transformation and cost ‘management’, revenue was down 10% and underlying EBITDA 23%, however digital revenue grew, net debt decreased by 28% and operating costs reduced too.
• Operating Costs of $187m, down 4%, excluding reinvestments down 12%.
• Underlying EBITDA from continuing operations $47.5m, down 23%.
• Cost reductions of $24 million realised in FY25.
• Net debt reduced by 28% to $64m.
• Digital revenue growth of 7% to $27.4m, with significantly improved profitability.
Additionally the organisation has had its debt refinanced and facility extended by 3 years and further cost reductions of $24m have been identified for a total of $55 million by FY27.
It was noted that the divestment of non-core assets was a focus, one of those being the partial sale of their Southern Cross Austereo (SCA) shareholding which happened, at a significant loss on purchase price, earlier this year.
ARN is in the process of divesting its Hong Kong outdoor business to focus on its Australian operations and reset strategy as an entertainment business with digital and radio at its core.
“With a new leadership team in place, we have taken decisive steps to simplify the business, reduce costs and set a new strategic direction to evolve ARN into an entertainment company with greater exposure to digital revenues.
“Radio remains core to our strategy. We have world class talent, strong national radio brands, and a profitable regional network. Our new 10-year agreement with iHeart will allow us to enter new markets and accelerate our digital transformation.
“We remain focused on cost discipline, expanding our addressable market, and delivering long term
sustainable growth in revenue and EPS.”
The full results and presentation can be found here.
