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NZME (NZM) investor relations material
NZME H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for H1 2026 grew 1% year-over-year to $167.0m, led by strong Audio performance and disciplined cost control, with statutory NPAT improving from a $0.4m loss to a $6.6m profit.
Operating EBITDA increased 11% to $26.5m, with positive operating leverage and margin improvement.
Free cash flow rose by $5.1m to $7.3m, and net debt was reduced by $13.9m to $19.4m.
Interim dividend of 3 cents per share declared, payable 23 September 2026.
Core businesses—Audio, Publishing, and OneRoof—remained resilient, with Audio as the principal growth driver.
Financial highlights
Advertising revenue grew 2% to $118.6m, with Audio up 8% and digital audio up 16%.
Operating expenses decreased 1% to $140.5m, reflecting cost-saving initiatives.
Operating EBITDA margin improved to 15.9%, up 146bps from H1 2025.
Free cash flow improved to $7.3m, and net assets stood at $93.3m.
Interim dividend of 3cps declared, consistent with policy.
Outlook and guidance
Trading environment expected to remain volatile due to soft consumer confidence and restrained discretionary spending, with gradual recovery anticipated through H2 2026 and into 2027.
Full-year 2026 operating EBITDA expected to exceed 2025, assuming no material market deterioration.
Focus remains on cost discipline, productivity, and investment in digital, subscriptions, and AI.
- Profitability rebounded in 2025, driven by digital growth and cost discipline amid market uncertainty.NZM
AGM 2026 - EBITDA up 15%, profit restored, and digital growth drives optimism for 2026.NZM
H2 2025 - EBITDA up 12% to $23.9m as digital and audio gains offset revenue declines; FY guidance $57–59m.NZM
H1 2025 - Digital and OneRoof growth drove stable earnings; EBITDA guidance at lower end.NZM
H1 2024 - Digital transformation and strong platforms position NZME for sustained growth and value.NZM
Investor Presentation - AGM highlighted digital and audio growth, board changes, and cost savings amid industry headwinds.NZM
AGM 2025 - Digital and OneRoof growth offset a net loss, with 2025 outlook improving.NZM
H2 2024
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