Australia's GTN forecasts FY26 revenue of $150M
- GTN announced its preliminary financial year 2026 expectations, forecasting a decline in group revenue and adjusted EBITDA.
- Following the announcement, the company's share price remained unchanged at $0.18.
- The company is implementing cost-out initiatives and expects higher adjusted EBITDA during the 2027 financial year.
GTN (ASX:GTN) expects its full-year group revenue to fall within a range of $150 million to $155 million.
This updated forecast represents a decrease from the $180.2 million in group revenue recorded during the previous financial year.
The company stated that the lower earnings expectations reflect challenging trading conditions experienced across its markets during the year.
The board expects to pay a final dividend of approximately $10 million, representing around $0.05 per share.
Following the announcement, the GTN share price was unchanged at $0.18.
The company stated that its successfully progressed cost-out initiatives are expected to deliver incremental benefits into the next financial year.
The company's balance sheet reflects positive operating cash flow and proceeds from selling aviation assets.
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