NZME Limited

Overview

NZME is a leading integrated media company in New Zealand, with a portfolio of publishing, radio, digital and e-commerce brands including the New Zealand Herald, NewstalkZB and GrabOne.

NZME was demergered from its parent, APN News & Media in June 2016. It is listed on NZX under the code of NZM from 27 June 2016.

Performance

The following information was extracted from NZME Limited's Half Year Results, released on 25 August 2026:

NZME Limited (NZX and ASX: NZM) has announced a stronger result for the half year ended 30 June 2026 as compared to the same period in 2025, with Operating Revenue1 and other income of $167.0 million, up from $165.7 million, and Operating EBITDA1 of $26.5 million, up 11 percent. Statutory Net Profit After Tax was $6.6 million, compared with a Statutory Net Loss After Tax of $0.4 million, while net debt reduced by $13.9 million to $19.4 million.

Michael Boggs, NZME Chief Executive Officer, says NZME delivered the stronger first half despite economic conditions remaining tougher than expected at the beginning of the year.

“Our core businesses across Audio, Publishing and OneRoof remained resilient. Audio carried its momentum from the second half of 2025 into the first half of 2026, Publishing held earnings while continuing to shift its revenue mix toward digital, and OneRoof continued to grow EBITDA despite a subdued property market. We delivered this result while continuing to invest in the digital products and platforms that will shape NZME’s next decade, including new NZ Herald and OneRoof apps,” he says.

Key highlights:

• Advertising revenue grew 2 percent to $118.6 million, in line with the wider market, despite challenging economic conditions.

• Audio was the standout performer, with operating revenue up 8 percent to $61.8 million and operating EBITDA up 19 percent to $11.9 million, supported by growth across radio and digital audio advertising.

• Publishing operating EBITDA was steady at $15.3 million, with digital publishing EBITDA up 11 percent to $6.3 million and total subscriptions across print and digital now exceeding 250,000.

• OneRoof digital revenue grew 4 percent, and the new OneRoof app has lifted monthly app users by 54 percent since launch.

• Free cash flow increased by $5.1 million to $7.3 million, and the Board has declared a fully imputed interim dividend of 3 cents per share, payable on 23 September 2026.