GTN Ltd. (AU:GTN)
ASX:GTN
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GTN Ltd.
(Sydney:GTN)
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Rating:51Neutral
Price Target:
AU$0.20
▼(-33.00% Downside)
Action:ReiteratedDate:04/23/26
Overall score reflects pressured financial performance (declining revenue, losses, and weaker free cash flow growth) and bearish technicals (downtrend with negative MACD). These are partly offset by a strong balance sheet with very low leverage and a more encouraging earnings-call outlook driven by improved operating cash flow and quantified cost-reduction initiatives, though valuation signals are mixed due to losses and an unusually high dividend yield.
Positive Factors
Low Leverage / Strong Balance Sheet
GTN’s minimal leverage (debt-to-equity ~0.02) gives durable financial flexibility. Low debt reduces refinancing risk, supports continued shareholder returns and strategic moves, and allows management to fund restructuring or investments without pressuring cash flow in the medium term.
Negative Factors
Revenue Decline / Weak Demand
A notable 15% H1 revenue decline reflects weakened client demand and pricing pressure. Persistent top-line contraction impairs scale economics, limits reinvestment capacity, and makes recovery of margins and profitability more difficult across coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
GTN’s minimal leverage (debt-to-equity ~0.02) gives durable financial flexibility. Low debt reduces refinancing risk, supports continued shareholder returns and strategic moves, and allows management to fund restructuring or investments without pressuring cash flow in the medium term.
Read all positive factors
GTN Ltd. (GTN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$38.13M
Dividend Yield86.34%
Average Volume (3M)34.49K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth-10.82%
EPS Growth-968.17%
CountryAU
EmployeesN/A
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.21
Shares Outstanding190,665,800
10 Day Avg. Volume27,836
30 Day Avg. Volume34,490
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.64
Price to Sales (P/S)0.72
P/FCF Ratio12.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$192.30M
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 traff...
How the Company Makes Money
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GTN Ltd. Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 31, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: meaningful operational and market headwinds drove a 15% revenue decline, a 53% drop in adjusted EBITDA, and a large $41.5 million noncash impairment — material negatives. Offsetting this, the company significantly strengthened cash generation (cash up ~33%, operating cash flow improved from -$2.8m to +$16.5m), executed a sizeable shareholder return, and laid out a concrete cost-reduction program with quantified targets (total FY'27 savings targeted $12–17m, plus specific affiliate and aviation savings). Management emphasized stabilization in H2 and clear actions (affiliate renegotiations, aviation exit, AI efficiencies) expected to drive improvements. Given the balance between substantial near-term financial weaknesses and decisive remediation actions plus improved cash metrics, the overall tone is balanced but cautious.Positive Updates
Revenue and EBITDA reported (context)
Revenue of $82.5 million for H1 FY'26 with adjusted EBITDA of $5.8 million; management notes conditions stabilized as the half progressed despite a weak first quarter.
Negative Updates
Revenue decline versus prior period
Revenue fell 15% versus the prior corresponding period, reflecting a challenged market environment and weaker demand, particularly in the first quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and EBITDA reported (context)
Revenue of $82.5 million for H1 FY'26 with adjusted EBITDA of $5.8 million; management notes conditions stabilized as the half progressed despite a weak first quarter.
Read all positive updates
Company Guidance
The company’s forward guidance focused on aggressive cost reductions and balance-sheet resilience: management is targeting $12–17 million of annualized cost-out in FY‑27 (including $7–9 million of annualized affiliate savings—most already executed effective January 2026), $3–5 million of annualized savings from fully exiting aviation from H2 onwards, and a further $2–3 million of annualized operating efficiencies driven by AI and systems, with benefits expected to build through H2 FY‑26; sale of helicopters will bring ~ $5 million of cash proceeds in FY‑26 (mostly already received); the Board declared an interim unfranked dividend of $0.01 per share, remains committed to further returns after the $43.9 million ($0.23 per share) return of capital in August 2025, and points to a solid liquidity position (cash $28.1 million up from $21.1 million, net operating cash flow $16.5 million vs. -$2.8 million PCP, net debt ~ $7 million) despite a non‑cash impairment of $41.5 million in H1 and H1 results of revenue $82.5 million and adjusted EBITDA $5.8 million (down 15% and 53% respectively).GTN Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| 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
Negative
0.30
Price Trends
0.23
Negative
0.26
Negative
0.29
Negative
Market Momentum
>-0.01
Positive
39.69
Neutral
<0.01
Positive
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 0.23, above the 50-day MA of 0.23, and above the 200-day MA of 0.29, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.69 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GTN.
GTN Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$15.20M | 5.09 | -1.65% | ― | -16.26% | ― | |
62 Neutral | AU$42.72M | 7.40 | 22.47% | ― | 15.19% | 14.29% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | AU$272.90M | -6.44 | -0.90% | 5.03% | 2.04% | 98.79% | |
51 Neutral | AU$38.13M | -0.35 | -32.72% | 86.34% | -10.82% | -968.17% | |
49 Neutral | AU$618.01M | 41.17 | 2.33% | 4.29% | 8.77% | -53.76% | |
44 Neutral | AU$87.36M | -3.00 | -5.46% | ― | -22.01% | -306.25% |
* Communication Services Sector Average
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GTN Ltd. Corporate Events
Microequities Ceases to Be Substantial Holder in GTN Limited
Mar 26, 2026
GTN Limited has disclosed that Microequities Asset Management Pty Ltd has lodged a Form 605, formally notifying the market that it has ceased to be a substantial holder in the company. The change signals a reduction in Microequities’ voting ...
GTN resets costs and strategy as profit falls but cash strengthens
Feb 25, 2026
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 c...
GTN Posts Deeper Half-Year Loss as Revenue Falls and Asset Backing Shrinks
Feb 25, 2026
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 p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.