NZME Limited Analysis

Overview

NZME is a leading integrated media company in New Zealand, with a portfolio of publishing, radio, digital and e-commerce brands including the New Zealand Herald, NewstalkZB and GrabOne.

NZME was demergered from its parent, APN News & Media in June 2016. It is listed on NZX under the code of NZM from 27 June 2016.

Performance

The following information was extracted from NZME Limited's Full year results, released 24 February

AUCKLAND, 24 February 2026: NZME Limited (NZX and ASX: NZM) (NZME) ) has announced its financial results for the full year ended 31 December 2025 reporting Operating Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)1 of $62.3 million, up from $54.2 million the year prior, or 15%.

The company reported a Statutory Net Profit After Tax of $13.1 million. Operating Revenue1 for the year was $345.1 million, down from the year prior due to the closure of community publications in December 2024. Normalised operating revenue growth was 1%. The company’s Operating Expenses1 were 4% lower than the year prior, in part reflecting the savings initiatives implemented early in 2025.

NZME’s Operating NPAT1 for 2025 was $17.7 million, resulting in operating earnings per share1 of 9.4 cents, compared with 6.5 cents in 2024.

Michael Boggs, NZME Chief Executive Officer, says the strong performance reflects a huge amount of hard work from NZME teams up and down the country, helped by easing inflation and improving business and consumer confidence