FY25 · Released 24 February 2026
NZME FY25: cost cuts drove the turnaround, not revenue
Revenue slipped 1.3%, but expense reduction lifted EBITDA and restored pre-tax profit in a strongly second-half-weighted year.
Read briefing
NZM · NZX
NZME
MediaCovered: FY251 published briefing
Snapshot
Latest metrics
FY25, released 24 February 2026
| Metric | Value |
|---|---|
| Revenue | $341.3m |
| EBITDA | $62.3m |
| NPAT | $13.1m |
| Operating cash flow | $50.4m |
| OCF / EBITDA % | 80.8% |
| Net debt | $15.5m |
| Net debt / EBITDA | 0.20x |
| ROE % | 13.4% |
| DPS | 6.0c |
| Payout ratio vs NPAT % | 86.2% |
Longitudinal view
Performance over time
Current-period values from each published briefing, with the most recent reporting period shown first.
| Metric | FY2524 February 2026 |
|---|---|
| Revenue | $341.3m |
| Revenue growth % | -1.3% |
| EBITDA | $62.3m |
| EBITDA margin % | 18.3% |
| PBT | $18.6m |
| NPAT | $13.1m |
| Operating cash flow | $50.4m |
| OCF / EBITDA % | 80.8% |
| FCF pre-lease | $25.4m |
| FCF post-lease | $25.4m |
| DPS | 6.0c |
| Payout ratio vs NPAT % | 86.2% |
| ROE % | 13.4% |
| Net debt | $15.5m |
| Net debt / EBITDA | 0.20x |
| Debtor days | 35 |
| Total assets | $238.8m |
Timeline
Briefing timeline
Reverse chronological, with each entry linking back to the full briefing.
Accountability
Expectations tracker
Once a second briefing exists for this company, this section will compare the previous briefing's expectations and unresolved issues with what actually happened in the next result.
Subscribe
Want the next NZME briefing delivered to your inbox?
Subscribe to get future Annolyse briefings as soon as they are published.