Nine Entertainment (ASX:NEC) recorded a net profit after tax of $81.4 million for the half-year ended Dec. 31, 2025, marking its first financial results following the divestment of its majority stake in the real estate platform Domain.
When accounting for discontinued operations, the group’s total net profit after tax reached $815.1 million.
The media company, which publishes The Australian Financial Review, saw its revenue decline by 4% to $1.1 billion.
Management attributed this decrease to softer conditions in the advertising market and a return to baseline activity levels following the 2024 Paris Olympics, which had bolstered the previous corresponding period.
The company recently completed the sale of its 60% stake in Domain to US-based CoStar, alongside the sale of its radio and regional television assets.
The group also expanded its footprint in the outdoor advertising sector through the acquisition of QMS.
Nine CEO Matt Stanton stated that these transactions are intended to create a more resilient, digitally focused group capable of navigating industry disruption.
Stanton noted that the current positioning is designed to deliver long-term value to shareholders.
Nine confirmed it would pay an interim dividend of 4.5 cents per share.