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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
NZME
NZME (NZM) investor relations material
NZME H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary24 Aug, 2026
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.
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Latest events from NZME
- 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.NZMH2 2025
- EBITDA up 12% to $23.9m as digital and audio gains offset revenue declines; FY guidance $57–59m.NZMH1 2025
- Digital and OneRoof growth drove stable earnings; EBITDA guidance at lower end.NZMH1 2024
- Digital transformation and strong platforms position NZME for sustained growth and value.NZMInvestor Presentation
- AGM highlighted digital and audio growth, board changes, and cost savings amid industry headwinds.NZMAGM 2025
- Digital and OneRoof growth offset a net loss, with 2025 outlook improving.NZMH2 2024
Next NZME earnings date
H2 202622 Feb, 2027
NZME
Next NZME earnings date
H2 202622 Feb, 2027
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Frequently asked questions
NZME Limited is a New Zealand-based media company that operates across multiple platforms, including print, radio, and digital media. The company is known for its comprehensive portfolio of news, entertainment, and lifestyle content. Its assets include leading newspapers, popular radio stations, and a range of digital platforms that reach a broad audience. NZME provides news and information through its flagship newspaper, The New Zealand Herald, and operates various radio brands such as Newstalk ZB and The Hits.