Nine Entertainment Co. (NEC) AGM 2026 summary

Opening remarks and agenda

• Hybrid AGM opened after quorum confirmation; voting was by poll, with online and in-room participation.

• The Chair acknowledged the Cammeraygal people of the Eora Nation and traditional custodians across Australia.

Financial performance review

• FY26 continuing-business revenue was $2.2B, up 3%; pro forma revenue was $2.4B, up 1%. Continuing-business NPATA was $147M, up 11%, and EBITDA was $379M, up 17%, with a 17.3% margin, up 2.0 points.

• Reported EBITDA was AUD 334.9M, 95.9% of the board’s AUD 349.1M target; pro forma EBITDA was $516M, up 6%, with a 21.4% margin, up 1.0 point. EPSA was 9.3c, up 11%.

• QMS pro forma revenue and EBITDA grew 15% and 18%; Outdoor revenue and digital publishing subscription revenue each grew 15%, Stan EBITDA grew 34%, and Total TV costs fell 8%.

• Around AUD 105M of costs were removed; net debt was $658M, with 1.7x leverage.

Board and executive committee updates

• Peter Tonagh addressed his first AGM as Chair; Mandy Pattinson was unable to attend. Chris Halios-Lewis and Leigh Terry sought approval following board appointments in March and August 2026.

• Halios-Lewis cited two decades of media operating, strategy, finance and board experience; Terry brought over 25 years in media, advertising and marketing.

• The board plans to strengthen director education, including ongoing learning on AI, following shareholder feedback.