Nine Entertainment Co. (NEC) AGM 2025 summary

Opening remarks and agenda

• Chair acknowledged traditional custodians, announced her departure, and introduced the incoming Chair.

• Meeting held as a hybrid event, with voting and Q&A available both in-person and online.

• Meeting procedures, voting mechanics, and participant roles were explained.

Financial performance review

• Group revenue increased by 2% to AUD 2.68 billion, driven by strong growth in streaming, digital, and subscription revenues.

• Group EBITDA reached AUD 486 million, declining by 6%, with an EBITDA margin of 18.2%.

• Statutory net profit, including specific items, was AUD 133.3 million, a 1% decrease from the previous year.

• Sale of 60% stake in Domain generated AUD 1.4 billion after-tax, with over half returned to shareholders and debt reduced.

• Total net shareholder return exceeded 55% over the year.

Board and executive committee updates

• Matt Stanton appointed CEO and Managing Director after an international search.

• Tim Longstaff and Peter Tonagh joined as independent directors, bringing diverse expertise.

• Chair Catherine West announced her departure, with Peter Tonagh to succeed her.