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Sky Network Television delivers NZ$826.1M FY26 revenue
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Sky Network Television delivers NZ$826.1M FY26 revenue

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  • Sky Network Television reported underlying revenue of NZ$826.1 million for the 2026 financial year.
  • The company increased its full-year dividend by 45% to 32 cents per share.
  • Growth was supported by the acquisition and integration of Sky Free.

Sky Network Television (ASX:SKT) reported an underlying revenue increase of 9% to NZ$826.1 million for FY26.

The result compares to the previous period's performance and reaches the higher end of the company's financial guidance.

"Development of our strategy through to FY31 is well advanced, with an ambition to significantly grow revenue, including 20-30% from non-subscription sources, alongside margin expansion and earnings growth," said Sky CEO Sophie Moloney.

Statutory net profit after tax rose 190% to NZ$59.8 million, while normalised free cash flow grew to $58.9 million.

Following the announcement, the Sky Network Television share price was up at $2.81.

For FY27, Sky’s guidance is for revenue of between $825 million and $840 million, EBITDA of between $155 million and $165 million, and capital expenditure of between $60 million and $65 million.

The board stated that it targets a 10% annual dividend growth rate over the next three years.

Management noted that future dividend payments will move to a quarterly delivery schedule.

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