eMedia Holdings (EMH) H2 2026 earnings summary

Executive summary

• Achieved profitable results similar to the prior year despite a challenging macroeconomic environment and a declining TV advertising market, with profit from continuing operations at R299.5 million, down 2% year-over-year.

• Outperformed the TV advertising market, which declined 8.7% year-over-year, while group profit decreased by only 2%.

• Maintained a leading prime-time market share of 32.2% and continued to declare a 15 cents per share dividend.

Financial highlights

• Revenue for the year was R2.99 billion, down from R3.16 billion year-over-year.

• EBITDA was R513.0 million, compared to R553.9 million in the prior year.

• Net profit for the year was R299.5 million, a 1.1% decrease from R303.0 million in the previous year.

• Basic earnings per share from continuing operations were 43.93 cents, down from 45.99 cents year-over-year.

• Dividend of 15 cents per share declared, unchanged from the prior year.

Outlook and guidance

• Management expects continued growth in streaming (eVOD) and ongoing innovation in broadcasting technology.

• New TV audience measurement system to be implemented, expected to provide more accurate ratings and potentially improve advertising revenue.

• Strategic changes in programming and channel lineup planned for the next financial year.