eMedia Holdings (EMH) H2 2025 earnings summary

Executive summary

• Revenue grew 3% year-over-year to R3.155 billion, with television advertising revenue reaching a record R2.229 billion, up 3% from the prior year despite a declining national ad spend.

• Net profit after tax for the group was R307.5 million, down from R353.2 million the previous year, reflecting increased legal and cancellation costs.

• EBITDA declined to R553.9 million from R628.3 million year-over-year.

• Dividend declared at 15 cents per share, slightly lower than the prior year’s 16 cents.

Financial highlights

• Gross profit was R1.449 billion, with cost of sales rising to R1.725 billion from R1.585 billion year-over-year.

• Operating profit was R441.7 million, down from R490.9 million year-over-year.

• Basic and diluted EPS from continuing operations was 45.99 cents, compared to 50.72 cents last year.

• Cash generated from operations increased to R665.2 million from R574.3 million.

Outlook and guidance

• Continued focus on technological advancements, including new set-top box launches and completion of state-of-the-art VFX studios in the next fiscal year.

• Strategic digital developments planned to enhance revenue generation and leverage high-demand content.