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Southern Cross Media Group Limited
(Sydney:SXL)
Southern Cross Media Group Limited (SXL) vs. iShares MSCI Australia ETF (EWA)
Southern Cross Media Group Limited Business Overview & Revenue Model
Southern Cross Media Group Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 421.83M | 421.70M | 499.12M | 503.95M | 524.55M | 528.30M |
| Gross Profit | 115.91M | 334.45M | 134.50M | 145.57M | 162.34M | 149.12M |
| EBITDA | 57.59M | 53.72M | -270.64M | 67.75M | -166.76M | 126.55M |
| Net Income | 7.87M | 9.19M | -224.60M | 19.11M | -153.72M | 48.10M |
Balance Sheet | ||||||
| Total Assets | 686.06M | 686.06M | 692.32M | 1.03B | 1.07B | 1.33B |
| Cash, Cash Equivalents and Short-Term Investments | 35.45M | 35.45M | 10.54M | 12.96M | 49.46M | 75.42M |
| Total Debt | 226.84M | 226.84M | 245.82M | 247.28M | 253.76M | 240.19M |
| Total Liabilities | 473.80M | 473.80M | 489.48M | 594.40M | 610.92M | 684.32M |
| Stockholders Equity | 212.26M | 212.26M | 202.84M | 435.15M | 460.41M | 642.52M |
Cash Flow | ||||||
| Free Cash Flow | 55.96M | 55.48M | 18.71M | 21.33M | 13.70M | 83.21M |
| Operating Cash Flow | 58.04M | 65.39M | 21.70M | 46.12M | 43.60M | 97.16M |
| Investing Cash Flow | -3.26M | -3.01M | -8.16M | -21.51M | -30.99M | -11.96M |
| Financing Cash Flow | -23.09M | -37.48M | -28.74M | -61.11M | -38.57M | -281.20M |
Southern Cross Media Group Limited Technical Analysis
Southern Cross Media Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | AU$1.78B | 17.15 | 6.58% | 4.87% | 2.18% | -4.23% | |
59 Neutral | AU$140.69M | 18.81 | 15.24% | 1.39% | 13.97% | 21.30% | |
52 Neutral | AU$56.25M | -9.52 | -2.90% | 86.34% | -2.19% | -210.32% | |
50 Neutral | €192.39M | 11.57 | 4.22% | ― | -5.13% | -63.27% | |
49 Neutral | AU$193.12M | 24.54 | 3.01% | 5.06% | -15.51% | ― |
Southern Cross Media Group Limited Corporate Events
Southern Cross Media Group Limited (SCA) has received approval from the Australian Communications and Media Authority (ACMA) for its proposed acquisition of Seven West Media Limited (SWM) through a scheme of arrangement. This approval fulfills a key regulatory condition, allowing the merger to progress, although it remains subject to other customary conditions. SCA has committed to potential divestments, which are not expected to significantly impact the combined entity, and is advocating for regulatory reforms to retain all existing broadcasting licenses. The merger is anticipated to enhance SCA’s market positioning and operational capabilities.
Southern Cross Media Group Limited held its Annual General Meeting on November 24, 2025, where all resolutions were decided by poll. Key outcomes included the re-election of Ido Leffler as a non-executive director, the adoption of the Remuneration Report, and the granting of performance rights to the Managing Director, all of which were carried. However, the resolution to remove Heith Mackay-Cruise as Director was not carried. These decisions reflect the shareholders’ support for the current management and strategic direction of the company.
Southern Cross Media Group Limited reported strong financial performance for FY25, with a 5% revenue growth and a significant increase in EBITDA, driven by digital revenue growth and the success of its LiSTNR platform. The company has focused on its ‘All About Audio’ strategy, divesting from regional television assets to concentrate on radio and digital audio. A proposed merger with Seven West Media aims to create a leading integrated media platform, enhancing market reach and offering significant revenue upside. This merger is expected to position the combined entity as the largest broadcaster in Australia, with diversified revenue streams and a strong market position in the 25-54 age group.
Southern Cross Media Group Limited has received informal clearance from the Australian Competition and Consumer Commission for its proposed merger with Seven West Media Limited. This approval satisfies a key condition of the merger, indicating it will not significantly reduce competition. However, the merger still requires approval from SWM shareholders and the Australian Communications and Media Authority.
The Australian Competition and Consumer Commission (ACCC) has approved Southern Cross Media Group Limited’s proposed acquisition of Seven West Media Limited, satisfying a key condition of the scheme of arrangement. This development marks a significant step in the acquisition process, although other conditions outlined in the Scheme Booklet must still be met. The acquisition could potentially reshape the media landscape in Australia, impacting stakeholders and the competitive dynamics within the industry.
The Australian Competition and Consumer Commission (ACCC) has decided not to oppose Southern Cross Media Group’s proposed acquisition of Seven West Media. The ACCC’s investigation concluded that the two companies are not close competitors in the supply of advertising opportunities or media content, as Southern Cross focuses on radio and audio entertainment while Seven West Media is involved in print news and television. The decision reflects broader industry trends, such as the rise of digital media and online advertising, which continue to challenge traditional media platforms. The acquisition is unlikely to substantially lessen competition in any market.
Southern Cross Media Group Limited is set to acquire Seven West Media Limited through a scheme of arrangement, as approved by the Supreme Court of New South Wales. The Scheme Booklet, which provides details of the acquisition, has been registered with the Australian Securities and Investments Commission and is available for shareholders. The SWM Board recommends shareholders vote in favor of the scheme, with the Independent Expert’s Report supporting the decision as being in the best interests of shareholders. If approved, SWM shareholders will receive new Southern Cross shares in exchange for their current holdings.
Southern Cross Media Group Limited has received an independent expert’s report regarding its proposed merger with Seven West Media Limited. The report, prepared by Kroll Australia Pty Ltd, concludes that the merger is in the best interests of SCA’s shareholders, satisfying a key condition for the merger to proceed. The merger is expected to enhance SCA’s market position, though shareholders are encouraged to review the report in detail. The SCA Fiduciary Right Deadline is anticipated to be around 26 November 2025, depending on regulatory processes.
Southern Cross Media Group Limited has released its FY25 Annual Report, highlighting the company’s ongoing operations and market presence. The report’s release is significant for stakeholders as it provides insights into the company’s performance and strategic direction, potentially impacting its industry positioning and future growth prospects.
Southern Cross Media Group Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 24, 2025, in Sydney, with options for shareholders to participate in person or via a live webcast. Key agenda items include the re-election of directors, adoption of the remuneration report, and shareholder requisitioned resolutions to remove certain directors and amend the company’s constitution. The board recommends voting against the shareholder requisitioned resolutions and in favor of the other proposed resolutions, emphasizing the importance of shareholder engagement in the decision-making process.
Southern Cross Media Group Limited (SCA) has announced that it received a waiver and confirmation from the Australian Securities Exchange (ASX) regarding its proposed merger with Seven West Media Limited (SWM). This merger, which involves SCA acquiring all SWM shares through a scheme of arrangement, does not require SCA shareholder approval but will be evaluated by an independent expert to ensure it is in the best interests of SCA shareholders. The ASX has granted a waiver of Listing Rule 10.1, allowing SCA to acquire SWM shares held by Spheria Asset Management without shareholder approval, as it does not present a risk of value shifting. Additionally, the ASX confirmed that SCA does not need to seek shareholder approval under Listing Rule 11.1 as the merger does not result in a fundamental change in SCA’s operations, given both companies’ focus on media content and advertising.
Southern Cross Media Group Limited reported a strong start to FY26 with a 4.7% increase in Q1 audio revenue and a 129% rise in underlying EBITDA to $14 million. The company achieved commercial share gains in both broadcast and digital sectors, with notable growth in its LiSTNR digital audio revenues. Cost management efforts led to a 3.4% reduction in total costs, and net debt decreased to $63 million. The company is on track to meet its full-year EBITDA guidance and is progressing with a proposed merger with Seven West Media, with an independent expert’s report expected in November.
Southern Cross Media Group Limited has received a notice from Sandon Capital, representing over 5% of its shareholders, proposing a constitutional amendment to restrict the company from issuing more than 25% of its shares without shareholder approval. However, major shareholders, including Thorney Investment Group and Spheria Asset Management, collectively holding more than 25% of shares, oppose the resolution. This opposition suggests the resolution will not pass, allowing SCA to focus on its proposed merger with Seven West Media, which the board believes will deliver significant synergies and value for shareholders.
Southern Cross Media Group Limited (SCA) has announced a Scheme Implementation Deed with Seven West Media to form a comprehensive Total TV and Audio platform. This strategic move is expected to enhance SCA’s market position by integrating TV, audio, and digital services, potentially benefiting shareholders and the investment community by expanding the company’s reach and capabilities in the media industry.
Seven West Media has announced a proposed merger with Southern Cross Media, aiming to create a leading integrated Total TV, Audio, and Digital platform. This merger is expected to enhance the company’s market positioning by combining resources and expanding its reach, potentially benefiting stakeholders through increased audience engagement and advertising opportunities.
Seven West Media Limited and Southern Cross Media Group Limited have announced a merger to form a leading integrated media company with significant scale and reach across metropolitan and regional Australia. The merger, which is expected to generate substantial cost and revenue synergies, will see SWM shareholders owning 49.9% and SCA shareholders 50.1% of the combined entity. This strategic move is anticipated to enhance the companies’ ability to serve audiences and advertisers, leveraging shared content and commercial opportunities.
Southern Cross Media Group Limited announced a change in the director’s interest notice, specifically involving John Kelly. The change pertains to an off-market transfer of fully paid ordinary shares, previously held indirectly through Asgard Capital Management Ltd, now registered under Citicorp Nominees Pty Limited. This administrative update does not alter the total number of shares held by the director, maintaining the company’s stability in terms of shareholding structure.