eMedia Holdings (EMH) H1 2026 earnings summary

Executive summary

• Profit from continuing operations rose 18% year-over-year to R174.8 million, driven by cost savings and effective content cost management.

• Maintained leading prime-time TV market share at 33.5%, outperforming competitors.

• Streaming service eVOD showed consistent month-on-month growth in users and viewed minutes, returning annual profit.

• Interim dividend of 14 cents per share declared, unchanged from prior year.

Financial highlights

• Revenue for the period was R1.53 billion, down from R1.58 billion year-over-year, reflecting a softer ad market.

• EBITDA reached R284.9 million, slightly up from R282.8 million year-over-year.

• Basic earnings per share from continuing operations increased to 27.05 cents from 22.27 cents year-over-year.

• Net cash from operating activities was R109.5 million, reversing a prior year outflow.

Outlook and guidance

• Management expects to maintain market leadership and benefit from advertising recovery as the economy improves.

• Continued investment in technology and content, including VFX studios and streaming expansion.