Southern Cross Media sees a path from audience growth to stronger earnings

• FY26 revenue of $1.87 billion and EBITDA of $200 million including onerous contracts
• FY27 first-quarter revenue lower year on year amid a weak and volatile advertising market
• $150 million cost reduction program tracking ahead of expectations, with full benefit expected in FY28
• Net debt of $363 million and reported leverage of 1.8 times