Gtn Ltd. · ASX:GTN
Gtn — Shareholder Meeting (November 2025)
28 slides from Gtn's shareholder meeting presentation, Nov 19, 2025
Slide 1: 2025 AGM Presentation
2025 AGM Presentation Release date 19 November 2025
Slide 2: Agenda
1. Chair’s Address – Peter Tonagh 2. CEO Address – Vic Lorusso Agenda 3. 4. Management Address Formal Business – Ben Brooks – Peter Tonagh 5. Reconciliation of Financial Information 2 AGM - 2025
Slide 3: Today's Presenters
Today’s Presenters Peter Tonagh Vic Lorusso Ben Brooks Chairman CEO ( atn ) CFO 3 AGM - 2025
Slide 4: Our Board of Directors
Our Board of Directors Peter Tonagh Corinna Keller Craig Coleman Independent Independent Non -Independent Non - Executive Director Non - Executive Director Non -Executive Director Chair of the Board, Member of the Audit & Risk Committee and Member of the Audit & Risk Committee and Chair of Nominatio
Slide 5: Chair's Address
Chair’s Address Peter Tonagh 5 AGM - 2025
Slide 6: CEO Address
CEO Address Vic Lorusso 6 AGM - 2025
Slide 7: Management Address
Management Address Ben Brooks 7 AGM - 2025
Slide 8: FY25 Adjusted EBITDA impacted by one-off costs and subdued macro-environment
FY25 Adjusted EBITDA impacted by one -off costs and subdued macro -environment NPATA (2) Revenue Adjusted EBITDA (1) (before impairment & DTA) FY25 180.2m (2%) FY25 16.6m (26%) FY25 8.7m (15%) FY24 184.2m FY24 22.3m FY24 10.2m One -costs included ~$1.7m for corporate activity and ~$0.7m in atn marke
Slide 9: Strong liquidity position with net cash of $21.1m at FY25 end
Strong liquidity position with net cash of $ 21.1m at FY25 end (prior to Capital Return) Positive operating Bank Bank facility cashflow (1) debt repaid re-negotiated $13m $8m $35m Finalised in March 2025 (2) Net debt Aug 20, 2025 $11.6m Post facility drawdown to fund Capital Return (1) Net operating
Slide 10: Shareholder Returns
Shareholder Returns Capital Return paid in Aug -25 $44m Share Price Improvement (1) Solid Dividend Returns in FY25 Up 48% 9%+ yield delivered (2) Dividends paid in FY25 From July 1, 2024 - June 30, 2025 $8.2m Share Buy Back in FY25 Capital Return Initiated Share buy -back in FY25 ~5% issued capital
Slide 11: Balance sheet: statutory
Balance sheet: statutory ($’000) (1) FY25 FY24 Assets Current Cash and cash equivalents 21,103 31,556 Trade and other receivables 36,984 39,181 Current tax asset 2,895 2,440 Other current assets 5,767 5,564 Current assets 66,749 78,741 Non -current Property, plant and equipment 8,459 9,258 Intangibl
Slide 12: Australia commentary
Australia atn had a challenging FY25 with revenue decreasing 2% in AUD compared to FY24 atn revenue performance FY25 84.4m (2%) FY24 85.8m atn KPIs FY25 FY24 %chg Radio spots inventory (‘000) (1) 1,114 1,080 3.1% Spots Radio sell -out rate (%) (2) 56% 60% (4%) Sell -out Average radio spot rate (AUD)
Slide 13: Brazil commentary
Brazil BTN posted a 4% revenue increase in local currency but due to unfavorable FX represented a 8% decline in AUD vs. FY24 BTN Revenue BTN Revenue Local Currency FY25 15.5m (8%) FY25 57.3m 4% FY24 16.9m FY24 55.2m atn KPIs FY25 FY24 %chg Radio spots inventory (‘000s) (1) 582 555 4.8% Spots Radio s
Slide 14: Canada commentary
Canada CTN had a challenging FY25 with revenue decreasing 5% in local currency and also 7% in AUD when compared to FY24 CTN Revenue CTN Revenue Local Currency FY25 28.5m (7%) FY25 25.8m (5%) FY24 30.5m FY24 27.1m atn KPIs FY25 FY24 %chg Radio spots inventory (‘000s) (1) 584 639 (8.5%) Spots Radio se
Slide 15: UK commentary
UK While UKTN had a challenging FY25 with a 2% revenue decline in local currency, they delivered a 2% increase in AUD a UKTN Revenue UK TN Revenue Local Currency FY25 51.9m 2% FY25 26.0m (2%) FY24 51.0m FY24 26.6m atn KPIs FY25 FY24 %chg Total radio impacts available (‘000) (1) 23,770 22,824 4.1% Im
Slide 16: Business update
1) Affiliate networks - we are conducting a strategic and operational review of these at atn and CTN. We are focused on ensuring the right commercial balance for these partnerships while maintaining strong relationships with our affiliates. Business 2) Evaluation of the aviation businesses - atn , C
Slide 17: Formal Business
Formal Business Peter Tonagh 17 AGM - 2025
Slide 18: Consideration
Consideration To receive and consider the Financial report, the Director’s Report and the Independent Auditor’s Report of the Company for the financial year ended 30 June 2025. 18 AGM - 2025
Slide 19: Resolution 1: Remuneration Report
$ Resolution 1: Remuneration Report To consider and, if thought fit, pass the following resolution as a non -binding ordinary resolution of the Company: "That the Company’s Remuneration Report for the financial year ended 30 June 2025, be adopted." 119,651,252Votes for 99.94% 65,765 Votes against 0.
Slide 20: Resolution 2: Re-election of Director Corinna Keller
Resolution 2: Re-election of Director Corinna Keller To consider and, if thought fit, pass the following as an ordinary resolution of the Company: "That Corinna Keller, who retires in accordance with article 10.3(b)(iii) of the Company’s Constitution and being eligible for election, is re -elected a
Slide 21: Resolution 3: Re-election of Director Bill Brown
Resolution 3: Re-election of Director Bill Brown To consider and, if thought fit, pass the following as an ordinary resolution of the Company: "That Bill Brown, who retires in accordance with article 10.3(b)(ii) of the Company’s Constitution and being eligible, is elected as a Director of the Compan
Slide 22: Resolution 4: Re-election of Director Jason Korman
Resolution 4: Re-election of Director Jason Korman To consider and, if thought fit, pass the following as an ordinary resolution of the Company: "That Jason Korman, who retires in accordance with article 10.3(b)(ii) of the Company’s Constitution and being eligible, is elected as a Director of the Co
Slide 23: Resolution 5: Re-election of Director Rob Martino
Resolution 5: Re-election of Director Rob Martino To consider and, if thought fit, pass the following as an ordinary resolution of the Company: "That Rob Martino, who retires in accordance with article 10.3(b)(ii) of the Company’s Constitution and being eligible, is elected as a Director of the Comp
Slide 24: Resolution 6: Grant of Options to Chair, Peter Tonagh
Resolution 6: Grant of Options to Chair, Peter Tonagh To consider and, if thought fit, pass the following as an ordinary resolution of the Company: "That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, the Company approves the grant of 1,000,000 options to acquire fully paid
Slide 25: Questions and comments
Questions and comments 25 AGM - 2025
Slide 26: Reconciliation of financial information
Reconciliation of financial information 26 AGM - 2025
Slide 27: Reconciliation of non-IFRS measurements back to IFRS EBITDA, Adjusted EBITDA & NPATA
Reconciliation of non -IFRS measurements back to IFRS EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA, and Adjusted EBITDA to Profit before income tax ($m) (1) FY25 FY24 Profit before income tax 1.1 7.5 Depreciation and amortisation 11.6 13.3 Finance costs 0.4 1.5 Goodwill impairment 5.3 -
Slide 28: Disclaimer and important information
Disclaimer and important information The information contained in this document is general background information about GTN Limited (ACN 606 841 801) (the “Compan y”) and its activities as at the date of this document. It is in summary form and does not purport to be complete. It should be read in c