Broadcaster SCA reported revenue up 5% to $421.9 million for the full year to June, delivering on its “transformation strategy” in a challenging advertising market.
The company declared a fully franked dividend of 4 cents a share, due to “sustained operational momentum and strong financial discipline” across the business.
Digital audio revenue growth is expected to continue at current double-digit growth rates with share maintained.
“With the successful divestment of our regional TV assets in FY25, our entire strategic focus is now on the 'Audience that Matters', successfully building upon the positive operating momentum within our leading radio and digital audio assets, led by LiSTNR, HIT and Triple M,” said CEO John Kelly.
“Our strong operating momentum has allowed SCA to maintain our dominant audience shares in our core metro, regional and digital audio markets.
“We have been able to achieve this dominance despite continued challenging advertising market conditions by focusing on executing our key commitments, including revenue growth, LiSTNR profitability and cost and capital discipline.
“The entire SCA team remains re-energised by the delivery of our sustained improvement in our operating and financial performance – we know that a media company performs best when there is certainty as to the operating cost base and momentum with top line revenues.
“For SCA, the operational leverage opportunity from a cashflow earnings upswing is demonstrable and significant and provides opportunities to both reduce debt and most importantly return improved dividends to shareholders in FY26 and beyond.”
The company said total audio revenues have grown modestly in July and August, assisted by broadcast share growth and growth in digital audio.
Digital audio revenue growth is forecast to continue at current double-digit growth rates with share maintained.
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