ARN Media (A1N) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and introduction of board, executives, and auditor.

• Agenda included financial statements, director re-election, remuneration report, and NED equity plan.

Financial performance review

• FY 2025 revenue was AUD 285 million, down 10% due to a softer ad market and brand safety issues; digital revenue grew 7%.

• Operating costs reduced by 4% to AUD 187 million; AUD 24 million in costs removed.

• Underlying EBITDA was AUD 47.5 million, down 23%; free cash flow increased 6% to AUD 40 million.

• Net debt reduced to AUD 64 million; debt facilities refinanced, extending maturity to FY 2028.

• Digital revenues grew 7%, with live radio streaming up 76%; metro and regional radio revenues declined due to brand safety concerns.

Board and executive committee updates

• Leadership transition with Michael Stephenson appointed CEO, bringing over 30 years of media and digital transformation experience.

• Remuneration framework aligned to long-term EPS growth targets of 26-31% per annum to 2029.

• Board structured management incentives to align with shareholder outcomes and attract world-class talent in content, data, and technology.