Southern Cross Media Group Ltd (FRA:6MM)

Half Year 2025 Southern Cross Media Group Ltd Earnings Call Transcript

Feb 26, 2025 / 12:00 AM GMT

Release Date Price: €0.368 (-2.65%)

Transcript

Key Points

Positve

Southern Cross Media Group Ltd (ASX:SXL) reported a strong financial performance with a 47% increase in EBITDA, driven by a 5% growth in audio revenue.
The company achieved a significant reduction in net debt, bringing leverage down to 1.58 times, with further reductions expected by June 2025.
Digital audio revenue saw impressive growth of 42%, contributing to a $9 million improvement in earnings for the half year.
The company's focus on cost and capital discipline resulted in a 3% reduction in non-revenue related costs.
Southern Cross Media Group Ltd (ASX:SXL) maintained its dominance in the Metro Radio 25 to 54 demographic, leading audience share for 28 consecutive National Metro Radio surveys.

Negative

The board decided not to declare an interim dividend as the group prioritizes debt reduction.
Corporate costs increased by $1.7 million due to contracted price increases and higher provisions for variable remuneration.
Despite strong performance, regional radio revenues were flat, impacted by a weak retail SME market.
The company incurred non-recurring costs of $7.1 million related to the restructuring of its operating model.
The divestment of TV assets resulted in a net $3.8 million gain, but the transition involves ongoing exit costs and non-recurring items.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SXL.AX - Southern Cross Media Group Ltd
Half Year 2025 Southern Cross Media Group Ltd Earnings Call
Feb 27, 2025 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Southern Cross Austereos have your resorts conference call.

At this time, all participants on a listen-only mode.

After the speaker's presentation, there will be a question and answer session.

To ask the question during the session, you will need to press 11 on your telephone.

You would then hear an automated message advising your hand is raised.

To withdraw your question, please press start 11 again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, SCA CEO John Kelly. Please go ahead.

----------------------------------------------------

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