Southern Cross Media Group Limited
SXL.ASXCommunication Services
Media
Market Data
$0.620
+0.0%$294.4M
14.9x
$0.041
0.00%
-0.2%
Latest Earnings
SCA completes merger, grows audio earnings - 1H FY26 Results
24 February 2026
SCA completed its merger with Seven West Media on 7 January 2026, delivering strong audio earnings growth with underlying EBITDA up 28% to $40M and underlying NPAT up 252% to $12.8M. The audio business outperformed in a challenging market, gaining market share while TV results were weaker with underlying EBITDA down 27% to $67M. The merged group is targeting cost synergies of at least $30M by FY27 and expects pro forma group EBITDA of $200-220M for FY26. Key points: Audio business delivered strong performance with underlying EBITDA up 28% to $40M and underlying NPAT up 252% to $12.8M; Audio gained metro radio revenue share of 29.8%, up 2.3 points year-on-year, outperforming in a challenging market down 7%; Seven Network achieved record H1 total TV revenue share of 44.1%, up 2.7 points year-on-year
Recent Announcements
Becoming a substantial holder
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Becoming a substantial holder
Finance Pty Ltd ACN 142 927 900 (HFPL) and subsidiaries of HPPL as set out in Annexure A became a substantial holder (9.15%).
Ceasing to be a substantial holder
Pinnacle Investment Management Group Limited ceased to be a substantial holder (20%).
Becoming a substantial holder
Bruce Ian McWilliam became a substantial holder of Southern Cross Media Group Limited (ASX: SXL) on 09/04/2026, holding 25,510,061 fully paid ordinary shares representing 5.33% voting power. The relevant interests include direct holdings, superannuation fund interests, and trust interests held on behalf of family members (Sarah, Hugo, and Andrew McWilliam), with acquisitions occurring between March and October 2026.
SCA completes merger, grows audio earnings - 1H FY26 Results
SCA completed its merger with Seven West Media on 7 January 2026, delivering strong audio earnings growth with underlying EBITDA up 28% to $40M and underlying NPAT up 252% to $12.8M. The audio business outperformed in a challenging market, gaining market share while TV results were weaker with underlying EBITDA down 27% to $67M. The merged group is targeting cost synergies of at least $30M by FY27 and expects pro forma group EBITDA of $200-220M for FY26. Key points: Audio business delivered strong performance with underlying EBITDA up 28% to $40M and underlying NPAT up 252% to $12.8M; Audio gained metro radio revenue share of 29.8%, up 2.3 points year-on-year, outperforming in a challenging market down 7%; Seven Network achieved record H1 total TV revenue share of 44.1%, up 2.7 points year-on-year
Appendix 4D and Interim Financial Report
Southern Cross Austereo delivered a strong operational turnaround in H1 FY26 with revenue up 21.5% to $254.7M and EBITDA improving 28.5% to $40.1M (excluding significant items), driven by both organic growth and the acquisition of Seven West Media. However, the company suspended dividends and took a $9.6M loss from discontinued operations related to regional TV assets. Key points: Strong operational performance with EBITDA up 28.5% to $40.1M excluding significant items; Successful acquisition of Seven West Media creating leading integrated TV and Audio business; Revenue growth of 3.2% organically driven by both broadcast radio and digital audio segments
FY26 half year financial results announcement date
Southern Cross Media Group Limited (SXL) will announce its half year financial results for the period ended 31 December 2025 on Tuesday 24 February 2026, with management hosting a teleconference/webcast at 9:00am AEDT.
SWM delivers H1 FY26 results in line with November guidance
Seven West Media delivered H1 FY26 results in line with November guidance, with EBITDA of $67M down 27% and revenue of $712M down 2.1%. Despite challenging advertising market conditions, Seven achieved record 44.1% TV revenue share and strong audience growth across platforms, while managing costs effectively. Key points: Record 44.1% TV revenue share, up 2.7 points, significantly outperforming market decline of 10.1%; Strong audience growth with total TV audiences up 3.4% and key 25-54 demo up 4.7%; 7plus revenue growth of 15% driven by 26% increase in daily active users and 62% growth in streaming minutes
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