GTN Ltd. (GTN) AI Stock Analysis

• Market Cap: AU$41.95M
• Dividend Yield: 86.34%
• Average Volume (3M): 34.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: -2.19%
• EPS Growth: -210.32%
• Country: AU
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): -0.21
• Shares Outstanding: 190,665,800
• 10 Day Avg. Volume: 27,836
• 30 Day Avg. Volume: 34,490
• PEG Ratio: 0.10
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 12.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.02
• Revenue Forecast (FY): AU$192.30M

• Rating: 51 Neutral
• Price Target: AU$0.22 ▼(-26.33% Downside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

Overall score reflects weak financial performance (loss-making with declining revenue and pressured cash flow) and bearish technicals (below key moving averages with negative MACD). The rating is partially supported by balance-sheet strength (very low leverage) and earnings-call actions pointing to improved cash generation and quantified cost reductions, while valuation signals are mixed due to a negative P/E and an unusually high dividend yield with potential sustainability concerns.

Positive Factors

Low leverage / strong balance sheet

GTN's very low debt-to-equity (0.02) and healthy equity ratio provide durable financial flexibility. This reduces refinancing risk, supports funding of restructuring and working capital through cycles, and preserves capacity for strategic actions without stressing liquidity.

Improved operating cash generation

A material swing to positive operating cash flow and higher cash balances demonstrates improved cash conversion. Sustained cash generation supports funding of cost programs, shareholder returns and reduces dependence on external financing during cyclic advertising demand.

Quantified and executed cost-out program

A clear, quantified $12–17m cost-out program with specific levers (affiliate renegotiations, aviation exit, AI efficiencies) and partial execution increases likelihood of durable margin recovery, structurally lowering cost base and improving resilience to weaker top-line environments.

Negative Factors

Material revenue decline

A 15% H1 revenue decline signals durable demand weakness in core markets. Persistent top-line contraction limits ability to leverage fixed costs, strains pricing power and makes margin recovery dependent on either sustained volume rebound or deeper structural cost reductions.

Sharp EBITDA deterioration

A 53% drop in adjusted EBITDA reflects meaningful margin compression and operational stress. Sustained lower profitability reduces internally generated capital for reinvestment, heightens sensitivity to cyclical ad spending, and challenges the durability of any dividend or return policies.

Large non‑cash impairment

The $41.5m impairment signals that prior cash‑flow expectations were reassessed downward for key regions, indicating structural issues. It reduces reported equity and may reflect lasting demand or competitiveness problems that constrain future investment and recovery prospects.

GTN Ltd. Business Overview & Revenue Model

Company Description

GTN Limited, together with its subsidiaries, operates broadcast media advertising platform that supply traffic information reports to radio stations in Australia, the United Kingdom, Canada, and Brazil. It offers information reports, such as traffic and news through advertising spots on television and radio networks directly to advertisers, as well as through advertising agencies. The company was founded in 1997 and is headquartered in North Sydney, Australia.

How the Company Makes Money

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GTN Ltd. Financial Statement Overview

Summary

Weak profitability and growth: revenue declined (-3.20%) and net margin is negative (-3.36%) with a negative EBIT margin. Balance sheet is a relative strength with very low leverage (debt-to-equity 0.02), but ROE is negative (-3.02%). Cash flow is mixed: free cash flow growth is sharply down (-50.07%) and operating cash flow conversion is low (OCF to net income 0.30).

Income Statement

GTN Ltd. has experienced a decline in revenue growth, with a negative growth rate of -3.20% in the most recent year. The company also reported a negative net profit margin of -3.36%, indicating a loss. Despite these challenges, the gross profit margin remains relatively stable at 27.46%, suggesting some efficiency in cost management. However, the negative EBIT margin reflects operational difficulties.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.02, indicating minimal leverage and a strong equity position. However, the return on equity is negative at -3.02%, reflecting the company's recent losses. The equity ratio is healthy, suggesting a stable financial structure.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow growth by -50.07%, which is concerning. The operating cash flow to net income ratio is 0.30, indicating that cash generation from operations is not fully covering net losses. However, the free cash flow to net income ratio of 0.81 suggests that the company is still generating some cash relative to its net income.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	166.02M	180.20M	184.23M	177.00M	160.08M	143.34M
Gross Profit	29.69M	49.48M	54.27M	54.21M	43.25M	33.67M
EBITDA	1.71M	12.94M	22.14M	19.45M	17.00M	14.09M
Net Income	-51.78M	-6.06M	5.66M	2.63M	2.80M	-89.00K
Balance Sheet
Total Assets	231.60M	270.40M	299.30M	310.98M	317.21M	330.43M
Cash, Cash Equivalents and Short-Term Investments	28.10M	21.10M	31.56M	72.86M	73.53M	49.38M
Total Debt	37.05M	4.09M	11.64M	27.13M	33.52M	52.98M
Total Liabilities	115.94M	69.59M	81.43M	93.61M	93.64M	109.88M
Stockholders Equity	115.66M	200.81M	217.87M	217.38M	223.57M	220.55M
Cash Flow
Free Cash Flow	29.68M	10.34M	23.11M	13.39M	7.38M	4.49M
Operating Cash Flow	31.97M	12.83M	27.73M	19.03M	11.50M	6.65M
Investing Cash Flow	-1.27M	-1.22M	-4.28M	-5.64M	-4.13M	-2.17M
Financing Cash Flow	-19.67M	-23.18M	-21.54M	-18.84M	-21.52M	-11.75M

GTN Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GTN, the sentiment is Negative. The current price of 0.3 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.25, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.08 is Neutral, neither overbought nor oversold. The STOCH value of 27.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GTN.

GTN Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PPL	62 Neutral	AU$48.62M	7.40	23.87%	―	18.95%	1200.00%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
MXO	54 Neutral	AU$15.51M	5.09	-1.65%	―	12.07%	98.72%
GTN	51 Neutral	AU$41.95M	-0.35	-2.90%	86.34%	-2.19%	-210.32%
OML	50 Neutral	AU$501.07M	41.17	2.33%	4.29%	9.25%	-42.79%
SXL	49 Neutral	AU$282.48M	-6.44	3.01%	5.03%	-15.51%	―
A1N	44 Neutral	AU$106.08M	-3.00	-5.46%	―	―	―

GTN Ltd. Corporate Events

GTN resets costs and strategy as profit falls but cash strengthens

GTN Limited reported half-year 2026 results reflecting a strategic reset of its cost base and market positioning amid challenging advertising conditions, including exiting its aviation operations and renegotiating key affiliate arrangements. The company remains focused on strengthening core affiliate partnerships, enhancing its value proposition to advertisers and using emerging technologies such as AI to manage costs.

Despite significant market pressures that drove revenue down 15% to $82.5 million and Adjusted EBITDA down 53% to $5.8 million, GTN generated $16.5 million in net operating cash flow and increased cash on hand to $28.1 million while introducing modest net leverage. A robust balance sheet supported a $43.9 million capital return and the declaration of a $0.01 interim dividend, even as GTN booked a $41.5 million non-cash impairment in Australia and the U.K. and pursued $12–$17 million of cost-out initiatives and new go-to-market strategies targeting underserved direct clients and unsold inventory.

Management, backed by strong board-shareholder alignment and the recent appointment of Vic Lorusso as CEO, aims to complete the cost reset and market repositioning in the second half of FY26. The company is exploring partnerships with media agencies to access new clients and intends to pursue further capital returns, subject to capital needs and balance sheet discipline, positioning GTN to capitalise on future growth opportunities and deliver improved shareholder value.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

GTN Posts Deeper Half-Year Loss as Revenue Falls and Asset Backing Shrinks

GTN Limited reported a 14.7% decline in revenue from ordinary activities to $82.5 million for the half-year ended 31 December 2025, while the net loss attributable to members widened sharply to $40.9 million compared with the prior corresponding period. The company declared an unfranked interim FY2026 dividend of $0.01 per share and reported that net tangible assets per share almost halved to $0.27 from $0.53 a year earlier, underscoring pressure on its balance sheet and signaling ongoing financial headwinds for shareholders.

The deterioration in both earnings and asset backing suggests that GTN is facing a more challenging trading environment, which may weigh on investor sentiment and could constrain its strategic flexibility in the near term. The modest interim dividend, despite the enlarged loss, indicates an attempt to maintain some level of shareholder return, but also raises questions about the sustainability of capital returns if revenue and profitability do not recover.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

GTN Director Shifts to Indirect Holding Via Viburnum Funds

GTN Limited has disclosed a change in director Jason Korman’s relevant interests in the company’s securities, confirming that he now holds no GTN shares in his own name. However, Korman remains an employee and minority shareholder of Viburnum Funds Pty Ltd, which retains a substantial relevant interest in 107,246,048 GTN shares, meaning his economic exposure is now only indirect and held through this institutional investor, with no trading having occurred during a closed period.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

GTN Director Updates Disclosure of Indirect Shareholding

GTN Limited has notified the ASX of a change in director Robert Martino’s relevant interests in the company’s securities, with the filing indicating that he now holds no GTN shares in his own name. However, Martino remains an employee and sub-20% shareholder of Viburnum Funds Pty Ltd, which retains a significant relevant interest in 107,246,048 GTN shares, meaning his indirect economic exposure to the company continues via the investment firm.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

GTN Director Craig Coleman Increases Indirect Shareholding

GTN Limited has reported a change in the relevant interests of director Craig Coleman in the company’s fully paid ordinary shares, in line with Australian Securities Exchange disclosure requirements. Through his associated entities, including The Coleman Superannuation Fund, Viburnum Funds Pty Ltd and The Myer Family Investments Ltd, Coleman indirectly acquired 56,583 GTN shares on market between 24 and 30 December 2025 at a price of $0.299 per share, modestly increasing his indirect holding while his other reported interests remained unchanged, signalling a small uptick in insider exposure to the stock for existing shareholders and market observers.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

GTN Director Updates Disclosure of Indirect Shareholding

GTN Limited has notified the ASX of a change in director Jason Korman’s relevant interests in the company’s securities, in compliance with listing rule 3.19A.2. The notice records that Korman now holds no GTN securities in his own name, but is an employee and minority shareholder (holding less than 20%) in Viburnum Funds Pty Ltd, which maintains a substantial relevant interest in 107,189,465 GTN shares, underscoring ongoing institutional involvement in the company’s register despite the director’s nil direct holding.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

GTN Director Updates Indirect Interest in Company Securities

GTN Limited has disclosed a change in director Robert Martino’s relevant interest in the company’s securities, noting that he now holds no GTN shares in his own name. However, Martino remains an employee and minority shareholder (under 20%) of Viburnum Funds Pty Ltd, which maintains a substantial relevant interest in 107,189,465 GTN shares, indicating that his economic exposure to the company continues indirectly through this investment vehicle. The company confirmed there were no trades during a closed period, suggesting compliance with governance and trading policy requirements around director dealings.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

GTN Director Craig Coleman Increases Indirect Shareholding via Viburnum Funds

GTN Limited has disclosed a change in the indirect shareholding of director Craig Coleman, in line with Australian listing rule requirements governing director interests. Between 17 and 19 December 2025, an entity associated with Coleman, Viburnum Funds Pty Ltd and its associates, acquired 80,435 fully paid ordinary shares in GTN on-market at $0.289 per share, increasing Viburnum’s holding to 103,775,063 shares, while his other disclosed indirect interests remained unchanged, providing investors with updated transparency on a major shareholder’s position.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.