GTN Limited (GTN) investor relations material

Executive summary

• Achieved a 48% share price increase from July 2024 to June 2025, with a dividend yield over 9% and a $0.23 per share capital return paid in August 2025.

• Maintained strong net cash position of $21.1 million after significant shareholder returns and debt reduction.

• Engaged over 91 million weekly consumers globally, operating in four of the world's top ten advertising markets.

• FY25 marked by a reset in ownership, board, and cost base, positioning for operational efficiency and market repositioning.

• Corporate transformation largely complete, positioning for continued shareholder value in FY26.

Financial highlights

• FY25 revenue was $180.2 million, down 2% year-over-year; Adjusted EBITDA was $16.6 million, down 26% due to market pressures and one-off costs.

• NPAT was a loss of $6.1 million, impacted by a $10.3 million non-cash impairment.

• One-off costs included $1.7 million for corporate activity and $0.7 million for rebranding, plus a recurring $1.7 million affiliate inventory cost.

• Eliminated $8 million of bank debt, paid $8.2 million in dividends, and returned $5.2 million via buybacks.

• Positive operating cash flow of $13 million and strong liquidity at year-end.

Outlook and guidance

• Long-term strategy focuses on nurturing core affiliate relationships, unique advertising propositions, and cost management through technology and AI.

• Margin optimization and comprehensive cost reviews underway across all markets.

• Well positioned for growth in FY26 with a scalable cost base and diversified portfolio.

• Focus on robust capital structure and strong working capital management.

• Global geopolitical uncertainty and short selling challenges are impacting revenue forecasts.