oOh media Ltd
(FRA:0OH)
€
0.96
-0.0050 (-0.52%)
Market Cap: 535.57 Mil
Enterprise Value: 1.23 Bil
PE Ratio: 32.25
PB Ratio: 1.24
GF Score: 61/100 
Half Year 2026 oOh!media Ltd Earnings Presentation Transcript
Aug 16, 2026 / 11:00PM GMT
Key Points
Positve
- oOh media Ltd (OMLAF) secured a binding scheme implementation agreement with I Squared Capital at $1.70 per share, a 100% premium to the undisturbed price, delivering significant shareholder value.
- The out-of-home (OOH) sector continues to grow, with a 6.3% increase in H1 and record 16.9% share of agency media spend, positioning oOh media Ltd (OMLAF) for long-term structural growth.
- Operational excellence program delivered over $10 million in annualized savings, with an additional $1-2 million expected, improving cost efficiency and profitability.
- Strong Q3 momentum with Australian revenue pacing at approximately 14% and group at 9%, driven by broad-based growth across formats and categories.
- New asset contributions, including Sydney Metro, Melbourne Metro Tunnel, and expanded digital retail, are building, with retail returning to growth for the first time in six halves.
- July EBITDA more than doubled year-over-year, indicating strong operating leverage and fixed cost benefits flowing into H2.
Negative
- H1 financial results were below expectations, with group revenue growth of only 1.4% and a significant decline in Adjusted EBITDA by $14 million.
- Gross margin declined by 4.3 percentage points due to adverse revenue mix, including lower billboard revenue and higher variable rent from airports.
- The business faced a difficult macro environment with Middle East conflict, RBA rate increases, and weak consumer sentiment, impacting advertiser confidence.
- Legacy Auckland Transport contract continued to weigh on results, with a headwind that will only ameliorate in Q4.
- One-off costs of $7.4 million were incurred for operational excellence implementation, reo exit, and transaction-related expenses, impacting profitability.
- The special dividend of $0.10 per share was limited by funding constraints, franking credits, and distributable profits, potentially disappointing investors seeking higher returns.
Operator
Thank you for standing by and welcome to the oOh!media Limited HY26 results presentation. (Operator Instructions)
I would now like to hand the conference over to Mr. James Taylor, Managing Director and CEO. Please go ahead.
James Taylor;media Ltd;Chief Executive Officer
oOh;Managing Director, Executive Director
!- -
Thank you, and good morning, everyone. Appreciate you joining us for oOh!media's 2026 half-year results. It
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