Nine Entertainment Co Holdings Ltd reported an 11% increase in net profit after tax to A$147 million for the fiscal year ended June 30, 2026, as continuing business revenue rose to A$2.2 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 17% year-over-year to A$379 million.
The media group’s pro forma figures, which include a full year of QMS Media, showed group revenue of A$2.4 billion and EBITDA of A$560 million, up 6% on the prior comparable period. Nine’s streaming unit Stan delivered record EBITDA of A$81 million, a 34% increase from FY2025, driven by a 16% revenue rise and an 8% increase in average revenue per user. Average sports subscribers grew 50% following the new Premier League contract.
QMS Media contributed A$295 million in pro forma revenue, up 15%, with pro forma EBITDA rising 18% to A$88 million before AASB 16 adjustments. Publishing revenue reached A$518 million, with digital subscriptions up about 15% and print sales down 3%. Nine’s television division reported a 12% EBITDA decline to A$134 million amid a 10% contraction in the broader TV advertising market.
Cost reductions totaled A$70 million in FY2026, bringing two-year savings to A$130 million, exceeding the prior three-year target of A$160 million. The group recorded a net after-tax cost of A$481 million, including a A$404 million impairment on Total Television and A$23 million in provisions for legacy U.S. series content.
Nine’s net debt stood at A$658 million at financial year-end, up from A$450 million a year earlier, with a leverage ratio of 1.7 times. The company declared a final dividend of A$0.03 per share, unfranked, bringing the full-year payout to A$0.075 per share. A fully franked special dividend of A$0.49 per share was paid in September 2025 following the partial sale of Domain.
Shares in Nine surged 9.5% to A$1.068 in early trading, valuing the company at an EV/EBITDA multiple of 4.35x and a P/E ratio of 11.49x. Management guided FY2027 capital expenditure to A$150–170 million, with outdoor advertising, streaming and digital publishing expected to account for over 60% of revenue and 70% of EBITDA.
