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Sky Network Television (SKT) investor relations material
Sky Network Television AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary20 Nov, 2025
Opening remarks and agenda
Meeting opened with procedural instructions for both in-person and online attendees, including Q&A and voting processes, and addresses from the Chair and Chief Executive.
Chairman introduced board members, executive team, and external advisors, outlining the meeting's structure and agenda.
Financial performance review
FY25 revenue was $755.1m, down 1.5% from FY24; adjusted EBITDA was $148.5m, down 3%.
Capex decreased 16.8% to $65.2m; free cash flow was $24.8m, down 16.5%.
FY 2025 results were within revised guidance: adjusted revenue at the lower end, adjusted EBITDA at midpoint, and strong cash generation.
Share price rose 27% and total shareholder return reached 36% for FY 2025.
Dividend increased 15.8% to 22.0 cps, with a payout ratio of 60%-90% of free cash flow.
Board and executive committee updates
Three directors, including the Chair, stood for re-election, with board effectiveness reviewed and confirmed.
Board includes an independent chair, deputy chair, several independent directors, and a new interim CFO.
New CFO to join in January, with thanks extended to the interim CFO for contributions.
Plan to achieve FY26 targets after FY25 misses
Sky Free integration: Address initial revenue softness
NZ Rugby deal: Detail improved commercial terms
Discovery NZ integration: Any unexpected findings?
Dividend sustainability beyond FY26 target?
Entertainment content strategy: How will it evolve?
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Next Sky Network Television earnings date
H1 202619 Feb, 2026
Next Sky Network Television earnings date
H1 202619 Feb, 2026
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Frequently asked questions
Sky Network Television Limited is a New Zealand-based broadcasting company that provides pay television, streaming, and digital services. Sky offers a wide range of content, including sports, movies, entertainment, and news, through its satellite TV and online streaming platforms such as Sky Go and Neon. The company partners with various content providers to deliver both local and international programming to individual and commercial subscribers across New Zealand. The company is headquartered in Auckland, New Zealand, and its shares are listed on the NZX and ASX.
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