Southern Cross Media Group Ltd (STU:6MM)

Full Year 2026 Southern Cross Media Group Ltd Earnings Call Transcript

Aug 10, 2026 / 11:00 PM GMT

Release Date Price: €0.322

Transcript

Key Points

Positve

Southern Cross Media Group Ltd (ASX:SXL) delivered $30 million in merger synergies from the Southern Cross and Seven West Media merger a year ahead of schedule.
The company's digital revenue grew 11% in FY26, with 7+ becoming Australia's fastest growing VOD service and audio digital revenue growing 14.3%.
Southern Cross Media Group Ltd (ASX:SXL) increased its national TV audience share to 42.5% and audio revenue share to 30%, outperforming declining markets.
The company successfully refinanced with a new $569 million syndicated facility, extending maturities to 2029 and reducing total commitments by $116 million.
Southern Cross Media Group Ltd (ASX:SXL) is on track with its $145-$150 million cost reduction program, with 250 staff departures completed and operating costs expected to grow below inflation in FY27.

Negative

Southern Cross Media Group Ltd (ASX:SXL) experienced a 4.4% revenue decline to $1.87 billion, driven by a $125 million contraction in the advertising market.
EBITDA including onerous contracts fell 12.8% to $200 million, with NPAT down 58% to $9.9 million due to lower earnings and $33 million in significant items.
The company's cash flow available for debt servicing dropped sharply to $41 million from $86.8 million, with cash conversion falling to 71% from 85%.
Southern Cross Media Group Ltd (ASX:SXL) faced a 9.9% decline in the total TV advertising market and a 6.8% drop in Metro Audio advertising, impacting legacy segments.
Net debt increased to $363 million with reported leverage rising to 1.8 times, reflecting lower earnings rather than debt reduction, and the company incurred $22 million in merger-related transaction fees.

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

SXL.AX - Southern Cross Media Group Ltd
Full Year 2026 Southern Cross Media Group Ltd Earnings Call
Aug 10, 2026 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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And welcome to the Southern Cross Media 4ge race call.

All participants are in a less only mode.

There will be a presentation followed by a question-and-answer session.

If you wish to ask a question, you will need to press the star key, followed by the number one on your telephone keypad.

I would now like to hand the conference over to Mr.

Rowan Lund, Managing Director and Chief Executive Officer.

Please go ahead.

Good morning everyone and welcome to Southern Cross Media Limited's results for the 12 months to 30 June 2026.

My name is Rowan Lund.

I'm the MD and CEO of Southern Cross Media Group.

Joining me this

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